For most personal bankruptcies, debt can be discharged with the exceptions of student loans and tax debts. These time limits only apply to discharges and not to bankruptcy filings. There is no minimum period you must wait to file for another bankruptcy.
If you really want, you could file for another bankruptcy the day after your first one. However, filing too soon will affect how your debt is resolved and you may not be given discharge. Bankruptcy courts have the right to revoke a bankruptcy or discharge. There are specific conditions for the various types of bankruptcy. Chapters 7, 11, 12 and 13 all have their own unique reasons for why they can be revoked. A trustee, creditor, or the U. If you are considering filing for bankruptcy again, then you should take advice.
I felt confident that he was handling my case in the best possible manner and in my best possible interests. I feel lucky to have found the Hensel Law Office and I never hesitate to refer others who could use assistance - because I know they will get superior service and help.
I still tell people how you made a difficult experience so much easier, with your clarity, support, and friendly approach to the law. I'm still very appreciative for all your help — it really helped to pull me out of a difficult place and put my life back on track. I was very impressed that you returned every phone call in a timely manner. You were able to explain exactly what was going to happen in words that "we" could understand.
You answered every question we threw at you. The whole bankruptcy process from start to finish was complete in the time you told us it would take. Your professionalism yet friendliness made the whole experience for us almost enjoyable Filing for bankruptcy a second time can be more complex than the first time around.
You can expect bankruptcy creditors and trustees to conduct a more thorough review of your finances before allowing a discharge. At Detroit Lawyers, our experienced bankruptcy professionals will discuss with you whether you are eligible for a second filing.
Worried that bankruptcy will permanently ruin your credit score? It doesn't have to. Our lawyers can usually help you improve your credit score after filing Chapter 7 or 13 bankruptcy in Michigan. This isn't some top secret info Your goal with your hearing should be to complete it in full on the first time without a continuance, so it is important to make sure that you are bringing all of your documentation.
As we previously discussed when filing Chapter 7 bankruptcy in Michigan, you will need to have provided the trustee with documents in advance of your hearing date. If you do not make this deadline, it could result in dismissal of your case. Additionally, you also need to bring these documents to your hearing as well as two forms of identification.
You will also have to bring your recent paystubs or any other proof of income.. The hearing itself is usually relatively quick. Essentially, the trustee will walk through your bankruptcy paperwork with you to verify that all the information provided is true and correct.
In the Motor City state of Michigan chances are pretty high that you have a car. You need to be certain to list the car properly on your bankruptcy forms and exempt any equity that it might have when filing bankruptcy in Michigan. You can determine the equity in your car by starting with the fair market value by using either Kelley Blue Book or National Automobile Dealers Association NADA and then subtracting any loan or money you owe on it. The result will be the equity, or amount of money you could earn if you were to sell it.
You can then protect that amount in your exemptions. For your car the Michigan state exemptions and the federal exemptions are very similar in value but it might still make a difference if your car is your most valuable asset.
If you are still making payments on your car, then your car lender may request that you sign a reaffirmation agreement pursuant to Michigan bankruptcy laws agreeing to maintain payments after your Chapter 7 discharge. In order to file a Chapter 7 bankruptcy in Michigan, you will have to qualify by passing the Means Test. The Means Test looks at your income for the past 6 months prior to filing your bankruptcy in Michigan.
You can pass it right away if you are below a certain income level which varies based on your household size. If you do not immediately qualify by the income cutoffs, you can then go through a more extensive review or full Means Test of your income and expenses to see if you are still eligible to file a Chapter 7 bankruptcy in Michigan. Filing for a Chapter 7 bankruptcy in Michigan requires a mix of both federal and local forms.
The federal forms make up the bulk of the paperwork which will be the same throughout the country. The local Michigan bankruptcy forms, however, are also necessary, so make certain that you are completing everything listed in the earlier checklist. Local forms may also vary by district. You can determine which division is the one you should file in by contacting the court clerk using the contact information listen on the website.
The Eastern District requires a number of local forms in addition to the federal forms, including a Bankruptcy Petition Cover Sheet, a Mailing Matrix and a Declaration Under Penalty of Perjury for anyone filing pro se.
Here, again, you can contact the court clerk to determine which division you will need to file in. The Western District also requires specific local forms in addition to the federal forms, including a separate Schedule C for a joint case, the Mailing Matrix, and an Asset Protection Report. Upsolve Community Member I just filed for Chapter 7 in Michigan and wondered about the upcoming tax Filing a Chapter 7 in Michigan allows you to choose between taking the federal exemptions and the Michigan exemptions.
There are a couple big differences between the federal exemptions and the Michigan exemptions. First, if you are filing as a married couple filing jointly you can double some but not all of the Michigan bankruptcy exemptions.
If you are filing bankruptcy in Michigan and you have a lot of equity in your home you should absolutely consider using the Michigan state exemptions rather than the federal exemptions.
Below, we will compare some of the most popular in each set. Remember that you can choose either set but you cannot mix and match between them. Michigan Homestead Exemption, Tenancies by the entirety are exempt without limit as to debts of one spouse in some situations.
0コメント