In this article, you can discover…
- Who qualifies for Chapter 7 bankruptcy in Michigan.
- The paperwork and documentation that you will need to apply.
- Mistakes that can lead to your petition being denied, and how to avoid them.
Who Qualifies For Chapter 7 Bankruptcy In Michigan, And What Are The Eligibility Requirements?
To qualify for Chapter 7 bankruptcy, you must earn less than the maximum annual income permitted for your household size. For example, in Michigan, a household of one person must make less than $62,161 per year to qualify for Chapter 7.
You must also not have discharged debt less than 8 years prior to your Chapter 7 petition.
What Is The Most Common Mistake That Leads To Chapter 7 Bankruptcy Denial?
Forgetting to mention or deliberately hiding assets can lead to your Chapter 7 bankruptcy petition being denied. You should be completely honest and thorough in disclosing all assets, income, and debts to your attorney during the filing process.
Attorney Vincent Carlson is a caring, focused bankruptcy attorney serving Michigan. For over 15 years, he has helped clients just like you understand and file for Chapter 7 bankruptcy, allowing them to move from crippling debt toward relief and peace of mind.
Have questions, or in need of legal guidance? Reach out to Vincent E. Carlson & Associates, PLC for an initial consultation today.
What Is The Average Timeline For Chapter 7 Bankruptcy Approval In Michigan?
If your petition is approved, you can expect notification of this approval within approximately five months.
Filing For Bankruptcy With Confidence
Many clients come to me and repeat bankruptcy advice that they have heard from friends and family; much of this advice turns out to be wrong. Additionally, many clients fear filing for bankruptcy, and I work with people every day who harbor those fears.
But once they have filed for bankruptcy, they found it to be one of the best decisions that they ever made. The bankruptcy process works out very well in the end and allows them to move forward with far less worry. If you have questions or concerns about bankruptcy, reach out to me. I can answer those questions, help you explore your options, and work with you toward a second chance free of those debts.
Still Have Questions? Ready To Get Started?
For more information on Filing Chapter 7 bankruptcy in Michigan, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling (231) 726-4357 today.
Attorney Vincent Carlson is a caring, focused bankruptcy attorney serving Michigan. For over 15 years, he has helped clients just like you understand and file for Chapter 7 bankruptcy, allowing them to move from crippling debt toward relief and peace of mind.
Have questions, or in need of legal guidance? Reach out to Vincent E. Carlson & Associates, PLC for an initial consultation today.