Bankruptcy in Michigan

Get debt relief now. We've helped 205 clients find attorneys today.

There was a problem with the submission. Please refresh the page and try again
Full Name is required
Email is required
Please add a valid Email
Phone Number is required
Please enter a valid Phone Number
Zip Code is required
Please add a valid Zip Code
Description is required
By clicking "Find a Lawyer", you agree to the Martindale-Nolo Texting Terms. Martindale-Nolo and up to 5 participating attorneys may contact you on the number you provided for marketing purposes, discuss available services, etc. Messages may be sent using pre-recorded messages, auto-dialer or other automated technology. You are not required to provide consent as a condition of service. Attorneys have the option, but are not required, to send text messages to you. You will receive up to 2 messages per week from Martindale-Nolo. Frequency from attorney may vary. Message and data rates may apply. Your number will be held in accordance with our Privacy Policy.

You should not send any sensitive or confidential information through this site. Any information sent through this site does not create an attorney-client relationship and may not be treated as privileged or confidential. The lawyer or law firm you are contacting is not required to, and may choose not to, accept you as a client. The Internet is not necessarily secure and emails sent through this site could be intercepted or read by third parties.

Each of the different states in the country have different rules when it comes to bankruptcy. When declaring bankruptcy in Michigan, there are a few rules to abide by before starting the process. If you are having a debt problem that has consisted for years, then it may be in your best interest to file for bankruptcy. Bankruptcy helps you to get out of the dept you are in and to catch up with the current bills that you are behind on.

Chapter 13 Bankruptcy

If you are filing for Bankruptcy, then you should look into the rules that pertain to your state. If you are filing for bankruptcy in Michigan under Chapter 13, then this will allow you to keep you car or house that is under a loan status. The bankruptcy laws in the state of Michigan will have you pay the creditors back, but the loans will decrease in the amount owed. They set a price that is affordable to you and that will allow you to keep the house and car you currently own.

If you are in need of legal assistance, consult with a Bankruptcy Attorney in your area to recieve a free case review in exploring your legal options.

Will Bankruptcy Affect my Credit Rating?

A person will not be certain if the bankruptcy in Michigan will affect their credit. Their credit might be already hurt seeing as though they are in debt now and trying to get out of it. If they file for bankruptcy, then it will be on the credit report for 10 years. Then he or she can get their credit back to normal in that 10 years and catch up with the current bills. This makes the bankruptcy process a very good way to start over with credit.

Procedures of Bankruptcy

If you have decided to declare bankruptcy in Michigan, then you will have to go to a meeting called the "meeting of the creditors." This will help you to know how much the creditors want to work with you. The meeting is to see how your finical problems are and the creditors will work with you in order to get a price set up.

If you are going to dispute a debt, then the court will have a hearing to look over your dispute. Filing for bankruptcy will help you with most of the creditors that you are in debt with. If you are not going to pay off collateral debts such as a car loans or house mortgages, then they will have to take the car or house unless you pay what the company asks for. This is what bankruptcy is not able to help with. Bankruptcy also does not erase debt with child support, alimony, and divorce problems.

If you are facing financial issues and contemplating bankruptcy, consult with a bankruptcy attorney before you make any decisions. They are best equipped to guide you to the best solution.

Get Professional Help
Get debt relief now.
We've helped 205 clients find attorneys today.
There was a problem with the submission. Please refresh the page and try again
Full Name is required
Email is required
Please add a valid Email
Phone Number is required
Please enter a valid Phone Number
Zip Code is required
Please add a valid Zip Code
Description is required
By clicking "Find a Lawyer", you agree to the Martindale-Nolo Texting Terms. Martindale-Nolo and up to 5 participating attorneys may contact you on the number you provided for marketing purposes, discuss available services, etc. Messages may be sent using pre-recorded messages, auto-dialer or other automated technology. You are not required to provide consent as a condition of service. Attorneys have the option, but are not required, to send text messages to you. You will receive up to 2 messages per week from Martindale-Nolo. Frequency from attorney may vary. Message and data rates may apply. Your number will be held in accordance with our Privacy Policy.

You should not send any sensitive or confidential information through this site. Any information sent through this site does not create an attorney-client relationship and may not be treated as privileged or confidential. The lawyer or law firm you are contacting is not required to, and may choose not to, accept you as a client. The Internet is not necessarily secure and emails sent through this site could be intercepted or read by third parties.

How It Works

  1. Briefly tell us about your case
  2. Provide your contact information
  3. Choose attorneys to contact you