Attorneys Join Our Network
Call our toll free number
Email bankruptcyhome.com to a friend Add bankruptcyhome.com to your favorites list

Bankruptcy Exemptions in Michigan

Some property and assets will be exempt from the bankruptcy process and can not be sold to meet your debt obligations. Exemptions are outlined in federal bankruptcy laws, but some states have created their own lists. In many states you can choose to use either the state bankruptcy exemption list or the federal bankruptcy exemption list. In other states you can only use the state bankruptcy exemption list.

All exemptions are created to allow an individual to start over after filing bankruptcy. In the state of Michigan you may use either the federal bankruptcy exemption list or Michigan Bankruptcy Exemptions.

What Debts are not discharged in Michigan?

There will be some debts that can not be discharged by filing bankruptcy. These debts are called non-dischargeable debts. All non-dischargeable debt is outlined under federal bankruptcy law and will be the same for Michigan as all other states.

Failure to pay non-dischargeable debt will allow creditors to use all legal means possible to collect the debt, even if you are under bankruptcy protection.

You should talk to your Michigan Bankruptcy Attorney to discuss all of your debts. In the state of Michigan, the following debts will not be discharged by filing bankruptcy:

  • Federal, state and local taxes. May be subject to specific time rules.
  • Spousal Support/Alimony
  • Child Support Payments
  • Most Student Loans
  • Mortgage Liens
  • Certain types of purchases for luxury items within 90 days of filing
  • Secure Debt
  • Penalties and fines by government agencies
  • Fraud committed in a fiduciary role including larceny and embezzlement
  • Punitive damages assessed for “willful and malicious acts”
  • Debts not outlined on the schedule and forms filed with the Bankruptcy Court
  • Drunk Driving fines
  • Certain cash advances or purchases for luxury items with in a certain time frame.



Need Help Filing Bankruptcy?

If you're considering bankruptcy, please complete the form below. A local bankruptcy attorney will contact you and answer your questions for free. Don't wait -- Get Help Today!




























































































Copyright © 2004-2010 Bankruptcy Home | Terms & Conditions | Privacy | Site Map | Bankruptcy Lawyers

ATTORNEY ADVERTISEMENT: This website is a group advertisement. BankruptcyHome is not a lawyer referral service. Subscriber Attorneys appearing on BankrutpcyHome have paid an online advertising fee. Use of this Service is not intended to and does not create an attorney-client relationship between a Subscriber Attorney and any Requestors. BankruptcyHome is not a law firm. The information contained herein is not legal advice. The attorneys listed do not in any way constitute a referral or endorsement by this website. An attorney responsible for the content of this site is Robert A. Higgins, licensed in Texas with offices at 112 Goliad, Benbrook, Texas, 76126. To see the attorney in your area who is responsible for this advertisement please click here. If you live in Alabama, Florida, Missouri, New York or Wyoming, please click here for additional information