What are the recoverable assets under MIRA?
MIRA defines assets broadly. This definition includes any money received from a civil judgment and a “stream of income from any source whatsoever.” Only $50,000 of the value of an inmate’s homestead and $2,500 of wages paid while the inmate is incarcerated are excluded from the definition of asset. The state’s right to recover under MIRA has priority over all other liens, debts, or other encumbrances against real property or any other assets which are part of an inmate’s estate.
