High court says ATVs not exempt under bankruptcy law - they are "motor vehicles"

Bankrupt Montanans could be at greater risk of losing their all-terrain vehicles to creditors under a Montana Supreme Court opinion issued late last week.
A federal bankruptcy judge posed the question to Montana's high court to determine whether an ATV was a "sporting good" or a "motor vehicle" under Montana law regarding what creditors can seize from debtors in bankruptcy.
It matters because Montana law protects up to $4,500 worth of sporting goods (up to $600 per item) from the reach of creditors. The law also allows debtors to hold on to one motor vehicle worth up to $2,500.

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