Filing for bankruptcy in Michigan might feel overwhelming, but it’s a structured process designed to help you regain financial stability.
To file for bankruptcy in Michigan, complete credit counseling, gather financial documents, file a petition with the court, and attend required hearings. Both Chapter 7 and Chapter 13 offer unique benefits depending on your situation.
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FAQs About Filing for Bankruptcy in Michigan
Can I file for bankruptcy without an attorney?
Yes, but hiring an attorney is highly recommended to avoid costly mistakes and ensure a smoother process.
How much does it cost to file for bankruptcy in Michigan?
Chapter 7 costs $338, and Chapter 13 costs $313. Fee waivers are available for low-income filers.
How long does the bankruptcy process take?
Chapter 7 takes 3–6 months, while Chapter 13 involves a repayment plan lasting 3–5 years.
Will I lose all my property in bankruptcy?
No. Michigan's exemptions allow you to protect essential assets, such as your home, vehicle, and personal belongings.
Can filing for bankruptcy stop foreclosure or wage garnishment?
Yes, the automatic stay halts foreclosure proceedings and garnishments immediately upon filing.