Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Exemptions against creditor attack are effectively the same, inside and outside of bankruptcy. The principal advantage of bankruptcy is that it discharges the ability of the creditor to reach any asset that you may acquire which does not fall within any exempt group. For example, if you were to inherit money or property, the creditor could reach that inheritance, unless you file for bankruptcy.
For a list of exemptions, see: http://www.michiganbankruptcy.com/exemptions.html.
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