
Michigan Bankruptcy Form


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What is the difference between Chapter 7 and Chapter 13 bankruptcy in Michigan?
Generally, Chapter 7 is more appropriate for simple cases while Chapter 13 for more complicated bankruptcies. Or somewhat more accurately, Chapter 13 can give you more power over and flexibility with certain kinds of creditors, and if you have non-exempt assets.
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What is the income limit for Chapter 7 in Michigan?
If your total monthly income over the course of the next 60 months is less than $7,475 then you pass the means test and you may file a Chapter 7 bankruptcy. If it is over $12,475 then you fail the means test and don't have the option of filing Chapter 7.
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Duration
How long does bankruptcy take in Michigan?
However, if you do file Chapter 7 it typically lasts three to six months. In Chapter 7 bankruptcy, some of your property may be sold to pay down your debt. In return, most or all of your unsecured debts (that is, debts for which collateral has not been pledged) will be erased. Bankruptcy - State of Michigan michigan.gov https://.michigan.gov › crisis-management › bankru... michigan.gov https://.michigan.gov › crisis-management › bankru...
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How many times can a person file bankruptcy in Michigan?
Can I file for Bankruptcy in Michigan for the second time? The short answer is yes. Even if you have previously received a bankruptcy discharge under Chapter 13 or Chapter 7, you can still file for bankruptcy a second time.
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Cost
How much does it cost to file for bankruptcy in Michigan?
Court's Filing Fee When submitting these documents , you will need to pay a filing fee of $335 for a Chapter 7 or $310 or Chapter 13 to Michigan's bankruptcy court. The court's address is 211 W Fort St #2100, Detroit, MI 48226. Once you've filed, your debtors cannot bother you while the court processes your case. How much does it cost to file for bankruptcy? bankruptcy-attorney-detroit.com https://bankruptcy-attorney-detroit.com › how-much-doe... bankruptcy-attorney-detroit.com https://bankruptcy-attorney-detroit.com › how-much-doe...
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