Michigan Bankruptcy Laws

Filing Bankruptcy in Michigan

If you are live in Michigan and are thinking about filing bankruptcy a Michigan bankruptcy attorney will review all of your options.

See, with the help of a Michigan bankruptcy attorney, whether filing Chapter 7 or Chapter 13 bankruptcy is the right path for you.

For a meeting with a local Michigan bankruptcy attorney simply fill out the form on this page.

It’s worth noting that bankruptcy is the last option, which indicates bankruptcy should be filed for when all other debt relief options fail.

Fill out our 10-second application form and have one of our attorneys contact you!

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Bankruptcy Law and Michigan Exemptions

In your initial consultation with your Michigan bankruptcy attorney you will cover all of the primary differences from Chapter 7 and Chapter 13 bankruptcy.

All through this appointment your Michigan bankruptcy attorney will ask you many personal finance questions or provide you with a profile sheet to list certain financial details. The answers you list should assist you and your attorney in deciding if filing Chapter 7 or Chapter 13 bankruptcy is the correct route to take.

Chapter 7 bankruptcy is referred to as liquidation as the bankruptcy trustee may choose to sell or auction non-exempted property (see State Exemptions list below).

Still, in most of Chapter 7 bankruptcy cases, the individual filing bankruptcy owns no non-exempt property, so this would not apply to the majority of filings. If you do not own much property or have many assets Chapter 7 bankruptcy may be the best choice, as you would be allowed to discharge most of your unsecured debt.

Prior to filing Chapter 7 bankruptcy please deliberate about your situation with a Michigan bankruptcy attorney to determine exactly how much property may be exempt from liquidation.

Michigan State Exemptions

Homestead

1. $30,000 for your residence.
2. $45,000 if debtor is 65-years-old or older or disabled.

Wages

1. Up to 60 percent of wages, but not less than $15 per week, for householders with family.
2. Up to 40 percent of wages, but not less than $10 per week, for anyone else.

Automobiles

Up to $2,775 for one vehicle

Other Property

1. 100 percent of family pictures, clothing, fuel for six months, burial plots, health aids.
2. Up to $450 per item, with a total value of no more than $3,000, for household goods, furniture, utensils, books and appliances
3. $500 in value of a church pew.
4. $2,000 in value of crops, farm animals and feed.
5. $500 in value of household pets.
6. $500 in value of one computer and accessories.
7. $2,000 in value of tools, implements, materials and other things to enable a person to carry on a profession.
8. 100 percent of worker’s compensation, unemployment and ex-servicemen’s benefits.

Chapter 13 Bankruptcy is also considered “reorganization”. Persons filing Chapter 13 may own more property thus by filing Chapter 13 may also retain most of their possessions.

With Chapter 13 bankruptcy, the debtor draws up a proposal for a repayment plan for a term of 3 to 5 years, which must be approved by a bankruptcy court. This plan allows the individual to repay outstanding bills.

Speak With a Michigan Bankruptcy Attorney Today

If you have imagined filing bankruptcy in Michigan you may be unsure of where to begin or feel tied down by the intricacies of the bankruptcy laws.

To put all questions about the bankruptcy laws to rest, a Michigan bankruptcy attorney will be able to guide you through the bankruptcy process in common terms. When you contact a Michigan bankruptcy attorney you will also be able to have many of your questions and concerns answered in the first consultation.

Take the headache out of finding a good Michigan bankruptcy attorney. Just complete our bankruptcy questionnaire on this page and we will direct you to a Michigan bankruptcy attorney in your area.

Note: This is not legal advice. All bankruptcy laws in any state need the consult of a bankruptcy attorney licensed in that state. Consult a local attorney if you are seeking legal advice. Some or all bankruptcy laws may have changed since this page was created.

Michigan Bankruptcy Attorneys are in the following cities:

ADA, AHMEEK, ALBION, ALGER, ALGONAC, ALLEN, ALLEN PARK, ALLENDALE, ALLENTON, ALLOUEZ, ALMA, ALMONT, ALPHA, ALTO, AMASA, ANDREWS UNIVERSITY, ANN ARBOR, APPLEGATE, ARGYLE, ARMADA, ARNOLD, ASHLEY, ATHENS, ATLANTIC MINE, ATTICA, AU TRAIN, AUBURN, AUBURN HILLS, AUGUSTA, AVOCA, AZALIA, BAILEY, BANCROFT, BANGOR, BANNISTER, BARAGA, BARBEAU, BARK RIVER, BARODA, BARRYTON, BATH, BATTLE CREEK, BAY CITY, BEAVERTON, BEDFORD, BELDING, BELLEVILLE, BELMONT, BENTLEY, BENTON HARBOR, BERGLAND, BERKLEY, BERRIEN CENTER, BERRIEN SPRINGS, BESSEMER, BHAM, BIG BAY, BIG RAPIDS, BIRMINGHAM, BITELY, BLANCHARD, BLOOMFIELD, BLOOMFIELD HILLS, BLOOMINGDALE, BRECKENRIDGE, BREEDSVILLE, BRIDGEWATER, BRIDGMAN, BRIGHTON, BRIMLEY, BROHMAN, BROOKLYN, BROWN CITY, BRUCE CROSSING, BUCHANAN, BURLINGTON, BURTON, BUSINESS REPLY MAIL, BYRON, BYRON CENTER, CALEDONIA, CALUMET, CAMDEN, CANNONSBURG, CANTON, CAPAC, CARLETON, CARNEY, CARSON CITY, CARSONVILLE, CASCO, CASNOVIA, CASPIAN, CASSOPOLIS, CEDAR LAKE, CEDAR SPRINGS, CEDARVILLE, CEMENT CITY, CENTER LINE, CENTRAL MICHIGAN UNIVERSITY, CERESCO, CHAMPION, CHANNING, CHARLOTTE, CHASE BANK, CHASSELL, CHATHAM, CHELSEA, CHIPPEWA LAKE, CHIPPEWA REG CORRECTION FAC, CHIPPEWA TEMP CORRECTION FAC, CHRISTIAN REFORMED CHURCH, CHRYSLER CORPORATION, CLARE, CLARKLAKE, CLARKSTON, CLARKSVILLE, CLAWSON, CLIFFORD, CLIMAX, CLINTON, CLINTON TOWNSHIP, COHOCTAH, COLEMAN, COLOMA, COLUMBIAVILLE, COLUMBUS, COMERICA, COMERICA INCORPORATED, COMMERCE TOWNSHIP, COMSTOCK, COMSTOCK PARK, CONCORD, CONKLIN, CONSUMERS ENERGY, COOKS, COOPERSVILLE, COPPER CITY, COPPER HARBOR, CORAL, CORNELL, CORUNNA, COVERT, COVINGTON, CROSWELL, CRYSTAL, CRYSTAL FALLS, CURTIS, DAFTER, DAGGETT, DANSVILLE, DAVISBURG, DAVISON, DE TOUR VILLAGE, DEARBORN, DEARBORN HEIGHTS, DECATUR, DECKER, DECKERVILLE, DEERTON, DETROIT, DEWITT, DEXTER, DIMONDALE, DODGEVILLE, DOLLAR BAY, DOW CHEMICAL MI DIVISION, DOW CHEMICAL USA, DOW CORNING CORPORATION, DOWAGIAC, DRAYTON PLAINS, DRAYTON PLNS , DRUMMOND ISLAND, DRYDEN, DUNDEE, DURAND, EAGLE, EAST CHINA, EAST LANSING, EAST LEROY, EASTPOINTE, EATON RAPIDS, EAU CLAIRE, EBEN JUNCTION, ECKERMAN, ECORSE, EDENVILLE, EDMORE, EDWARDSBURG, ELM HALL, ELSIE, ELWELL, EMMETT, ENGADINE, ERIE, ESCANABA, ESSEXVILLE, EUREKA, EWEN, FAIR HAVEN, FARMINGTN HLS, FARMINGTON, FARWELL, FELCH, FENTON, FENWICK, FERNDALE, FERRYSBURG, FLAT ROCK, FORESTVILLE, FORT GRATIOT, FOSTER CITY, FOSTORIA, FOWLER, FOWLERVILLE, FRANKLIN, FRASER, FREMONT, FRONTIER, FRUITPORT, FULTON, GAASTRA, GALESBURG, GALIEN, GARDEN, GARDEN CITY, GENESEE, GERMFASK, GLADSTONE, GLADWIN, GOBLES, GOETZVILLE, GOODELLS, GOODRICH, GOULD CITY, GOWEN, GR, GRAND BLANC, GRAND HAVEN, GRAND JUNCTION, GRAND LEDGE, GRAND MARAIS, GRAND RAPIDS, GRANDVILLE, GRANT, GRASS LAKE, GREENLAND, GREENVILLE, GREGORY, GROSSE ILE, GROSSE POINTE, GULLIVER, GWINN, HADLEY, HAMBURG, HAMTRAMCK, HANCOCK, HANOVER, HARBERT, HARPER WOODS, HARRIS, HARRISON, HARRISON TOWNSHIP, HARSENS ISLAND, HART, HARTFORD, HARTLAND, HASLETT, HAZEL PARK, HENDERSON, HERMANSVILLE, HESPERIA, HESSEL, HIAWATHA TEMP CORRECTION FAC, HIGHLAND, HIGHLAND PARK, HILLSDALE, HOLLAND, HOLLY, HOLT, HOLTON, HOMER, HOPE, HORTON, HOUGHTON, HOWARD CITY, HOWELL, HUBBARDSTON, HUBBELL, HUDSONVILLE, HULBERT, HUNTINGTON WOODS, IDA, IMLAY CITY, INGALLS, INKSTER, IONIA, IRON MOUNTAIN, IRON RIVER, IRONWOOD, ISHPEMING, ITHACA, JACKSON, JACKSON NATIONAL LIFE INS CO, JAMESTOWN, JEDDO, JENISON, JEROME, JONES, JONESVILLE, KALAMAZOO, KAWKAWLIN, KEEGO HARBOR, KENDALL, KENT CITY, KINCHELOE, KINGSFORD, KINROSS, LA SALLE, LACOTA, LAINGSBURG, LAKE, LAKE GEORGE, LAKE LINDEN, LAKE ODESSA, LAKE ORION, LAKELAND, LAKESIDE, LAKEVIEW, LAKEVILLE, LAMBERTVILLE, LAMONT, LANSE, LANSING, LAPEER, LAWRENCE, LAWTON, LENNON, LEONARD, LESLIE, LEXINGTON, LINCOLN PARK, LINWOOD, LITCHFIELD, LITTLE LAKE, LIVONIA, LORETTO, LOWELL, LUNA PIER, LYONS, MACATAWA, MACKINAC ISLAND, MACOMB, MADISON HEIGHTS, MANCHESTER, MANISTIQUE, MAPLE RAPIDS, MARCELLUS, MARENISCO, MARINE CITY, MARLETTE, MARNE, MARQUETTE, MARSHALL, MARYSVILLE, MASON, MASS CITY, MATTAWAN, MAYBEE, MC MILLAN, MCBRIDES, MEARS, MECOSTA, MELVIN, MELVINDALE, MEMPHIS, MENOMINEE, MESKEGON, METAMORA, MICHIGAMME, MICHIGAN CENTER, MID MICHIGAN REG MED CTR, MIDDLETON, MIDLAND, MILAN, MILFORD, MINDEN CITY, MOHAWK, MONROE, MONTAGUE, MORAN, MORLEY, MORRICE, MOSCOW, MOSHERVILLE, MOUNT CLEMENS, MOUNT PLEASANT, MOUNT PLEASANT, MT PLEASANT, MUIR, MULLIKEN, MUNGER, MUNISING, MUNITH, MUSKEGON, NADEAU, NAHMA, NAPOLEON, NAUBINWAY, NAZARETH, NEGAUNEE, NEW BALTIMORE, NEW BOSTON, NEW BUFFALO, NEW ERA, NEW HAVEN, NEW HUDSON, NEW LOTHROP, NEW TROY, NEWAYGO, NEWBERRY, NEWPORT, NILES, NISULA, NORTH ADAMS, NORTH BRANCH, NORTH STAR, NORTH STREET, NORTHVILLE, NORVELL, NORWAY, NOVI, NUNICA, OAK PARK, OAKLAND, OKEMOS, OLIVET, ONONDAGA, ONTONAGON, ORLEANS, ORTONVILLE, OSHTEMO, OSSEO, OTISVILLE, OTTAWA LAKE, OTTER LAKE, OVID, OWOSSO, OXFORD, PAINESDALE, PALMER, PALMS, PALO, PARADISE, PARIS, PARMA, PAW PAW, PECK, PELKIE, PENTWATER, PERKINS, PERRINTON, PERRONVILLE, PERRY, PETERSBURG, PEWAMO, PICKFORD, PIERSON, PINCKNEY, PINCONNING, PITTSFORD, PLEASANT LAKE, PLEASANT RIDGE, PLYMOUTH, POINTE AUX PINS, POMPEII, PONTIAC, PORT HURON, PORT SANILAC, PORTAGE, PORTLAND, POTTERVILLE, POWERS, QUINNESEC, RAMSAY, RAPID RIVER, RAVENNA, RAY, READING, REDFORD, REMUS, REPUBLIC, RHODES, RICHLAND, RICHMOND, RIVER ROUGE, RIVERDALE, RIVERSIDE, RIVERVIEW, RIVES JUNCTION, ROCHESTER, ROCK, ROCKFORD, ROCKLAND, ROCKWOOD, RODNEY, ROMEO, ROMULUS, ROSEBUSH, ROSEVILLE, ROTHBURY, ROYAL OAK, RUDYARD, RUMELY, SAGOLA, SAINT CLAIR, SAINT CLAIR SHORES, SAINT IGNACE, SAINT JOHNS, SAINT JOSEPH, SAINT LOUIS, SALEM, SALINE, SAMARIA, SAND LAKE, SANDUSKY, SANFORD, SARANAC, SAULT SAINTE MARIE, SAWYER, SCHOOLCRAFT, SCOTTS, SENEY, SHAFTSBURG, SHELBY, SHELBY TOWNSHIP, SHELBY TWP, SHEPHERD, SHERIDAN, SHINGLETON, SIDNAW, SIDNEY, SIX LAKES, SKANDIA, SKANEE, SMITHS CREEK, SNOVER, SODUS, SOMERSET CENTER, SOUTH LYON, SOUTH RANGE, SOUTH ROCKWOOD, SOUTHFIELD, SOUTHGATE, SPALDING, SPARTA, SPRING ARBOR, SPRING LAKE, SPRINGPORT, ST HEIGHTS, STAMBAUGH, STANTON, STANWOOD, STEPHENSON, STERLING HEIGHTS, STEVENSVILLE, STOCKBRIDGE, SUMNER, SUNFIELD, SYLVAN BEACH, TAYLOR, TEKONSHA, TEMPERANCE, THREE OAKS, TOIVOLA, TRENARY, TRENTON, TROUT CREEK, TROUT LAKE, TROY, TRUFANT, TWIN LAKE, UBLY, UNION, UNION LAKE, UNION PIER, US ARMY TANK-AUTO COMMAND, UTICA, VANDALIA, VERMONTVILLE, VERNON, VESTABURG, VICKSBURG, VULCAN, W BLOOMFIELD, WAKEFIELD, WALDRON, WALKERVILLE, WALLACE, WALLED LAKE, WARREN, WASHINGTON, WATERFORD, WATERSMEET, WATERVLIET, WATTON, WAYNE, WEBBERVILLE, WEIDMAN, WELLS, WEST BLOOMFIELD, WEST OLIVE, WESTLAND, WESTPHALIA, WETMORE, WHEELER, WHITE CLOUD, WHITE LAKE, WHITE PINE, WHITEHALL, WHITMORE LAKE, WHITTAKER, WILLIAMSTON, WILLIS, WILSON, WINN, WIXOM, WYANDOTTE, WYOMING, YALE, YPSILANTI, ZEELAND