Civil procedure: execution; procedures for collection of judgments; revise. Amends & adds (See bill).

Michigan Senate Bill 1137 comprehensively revises state civil procedure laws to expand protections for individuals with consumer debts by increasing the value of property exempt from seizure, such as raising the homestead exemption to $125,000 and the household goods exemption to $5,000. The bill establishes a new cap on wage garnishment, limiting creditors to seizing only 15% of an individual's weekly earnings or the amount exceeding 35 times the minimum wage, whichever is less. It also introduces specific procedural safeguards, including requirements for financial institutions to identify and protect exempt funds in deposit accounts and mandates that courts provide debtors with clear notices about their rights before property can be seized. Additionally, the legislation creates a mechanism for periodic inflation adjustments to these exemption amounts and restricts the state from intercepting tax refunds to satisfy consumer debts when the refund includes specific earned income tax credits.