The cost to file bankruptcy in Michigan depends on the type of bankruptcy. For Chapter 7, court filing fees are $338, and attorney fees typically range from $1,200 to $2,000. For Chapter 13, the court filing fee is $313, and attorney fees average between $3,000 and $5,000. Additionally, credit counseling and debtor education courses cost between $20 and $100.
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FAQs About The Costs Involved with Bankruptcy in MIchigan
Can I file for bankruptcy myself in Michigan?
Yes, you can file for bankruptcy yourself in Michigan, a process called “pro se” filing. However, it’s often recommended to hire an attorney to ensure your case is handled properly and to avoid costly mistakes.
How long does a bankruptcy take in Michigan?
In Michigan, a Chapter 7 bankruptcy typically takes 3 to 4 months to complete. Chapter 13 bankruptcy can last 3 to 5 years, depending on your repayment plan.
Can I keep my car if I file bankruptcy in Michigan?
Yes, you may keep your car if you file for bankruptcy in Michigan, as long as you continue making payments and the car’s equity falls within Michigan’s exemption limits.
Is it cheaper to file Chapter 7 or 13?
It is generally cheaper to file Chapter 7 bankruptcy, as attorney fees typically range from $1,200 to $2,000, whereas Chapter 13 fees can be between $3,000 and $5,000.
