Effective April 1, 2010, the federal exemptions that you can use in your Michigan bankruptcy have changed. Exemptions are dollar allowances for real and personal property that you can keep when you file for bankruptcy in Michigan. The exemptions provide the basis for your fresh start. Here are the new exemption amounts: Homestead: 522(d)(1) Real…
Archives for changing from chapter 13
Can I convert my Chapter 13 into a Chapter 7 bankruptcy?
Yes. You have an absolute right to convert your Chapter 13 to a Chapter 7. You can get more details and all your Michigan bankruptcy related questions answered via a free evaluation… It’s a conversation you’ll be glad you had.