HB 6229: Civil procedure: bankruptcy; bankruptcy exemptions; modify. Amends sec. 5451 of 1961 PA 236 (MCL 600.5451).
HB 6229 status: Introduced — bill electronically reproduced 07/29/2026 (updated Aug 11, 2026).
What this bill does
Overall score
Bill summary
OfficialCivil procedure: bankruptcy; bankruptcy exemptions; modify. Amends sec. 5451 of 1961 PA 236 (MCL 600.5451).. Currently in House.
Key analysis
Impact analysis
Environment
Benefits
- no direct impact identified
Risks
- no direct impact identified
Economy
Benefits
- potential for increased debtor financial stability
- modernization of fiscal relief mechanisms
Risks
- potential changes to creditor recovery risk
- possible impacts on lending assessment models
Society
Benefits
- may improve the safety net for households in bankruptcy
- strengthens personal financial protections
Risks
- unknown scope of protected asset categories
- potential for varied implementation effects
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
Potential shifts in creditor recovery rights remain unassessed due to missing text
Full bill text not provided; analysis limited to abstract description
Where it stands
Introduced
Currentbill electronically reproduced 07/29/2026
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
UpcomingHow it affects your district
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