Bankruptcy Resources for Michigan Residents
Chapter 7 and Chapter 13 The code is divided into chapters and each chapter provides a different type of bankruptcy relief. The most common types of bankruptcy in Michigan are Chapter 7 and Chapter...
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What is Chapter 13 Bankruptcy
Chapter 13 bankruptcy is a reorganization bankruptcy, which means that you create a plan to repay your debts over time. In Michigan, Chapter 13 bankruptcy is a common option for people who have a...
What is Chapter 7 Bankruptcy
Chapter 7 bankruptcy is a liquidation bankruptcy, which means that your assets are sold to pay off your debts. In Michigan, Chapter 7 bankruptcy is a common option for people who have a lot of debt...
Can I Keep my Car When I file Bankruptcy?
The assets that are exempt from bankruptcy in Michigan are determined by the state's exemption laws. The following are some of the most common exempt assets in Michigan: Homestead exemption: Up to...
Can I File Bankruptcy in Michigan Without a Lawyer?
Yes, you can file for bankruptcy in Michigan without a lawyer. This is called filing "pro se." However, it is important to note that filing for bankruptcy without an attorney can be a complex and...
The Pros and Cons of Filing Bankruptcy
Here are some of the pros and cons of filing bankruptcy in Michigan Pros: Stops collection efforts: Once you file for bankruptcy, creditors are prohibited from contacting you or taking any legal...
How Do I file for Bankruptcy in Michigan?
How Do you file for Bankruptcy in Michigan? Bankruptcy is a challenging and overwhelming process, but understanding how to file is important. Read the outline below and consult an attorney before...
What Are the Exemptions Available in Michigan Bankruptcy?
Here are some of the exemptions available in Michigan bankruptcy, according to the Michigan Legislature: Homestead exemption: Up to $35,500 of equity in your home. Motor vehicle...
Michigan Bankruptcy Step by Step
Filing for bankruptcy can be a daunting task, but it can be a lifesaver if you are struggling with overwhelming debt. Here is a brief step-by-step guide on how to file bankruptcy in Michigan: Take a...