Chapter 7 Bankruptcy

Are you in debt and don’t know what to do next?

We will help you decide if filing for Chapter 7 Bankruptcy is right for you. Chapter 7 Bankruptcy allows individuals with little to no income to liquidate nonexempt assests to repay all or part of their debts.

Will I lose my home? Will I lose my car?

Fortunately, in the State of Michigan there are bankruptcy exemptions when filing Chapter 7 that will allow you to retain certain possessions. Many individuals are most concerned about losing their home during bankruptcy, but can rest easier knowing that there are homestead exemptions. In the State of Michigan, the amount than an individual can count as exempt is any interest up to $35,300 in their home or property. For those older than 65, the amount allowed increases to $52,925. Couples who are married and are filing for bankruptcy together are not able to both claim homestead exemptions according to state laws.

Another concern for many people is protecting their vehicle from being taken or sold in order to pay off outstanding debts. According to Michigan motor vehicle exemptions, any individual can protect up to $3,250 in car equity. For those that are filing together as a married couple, they may both claim exemptions around $3,000 on their individual cars or put both of their $3,250 exemptions together towards one car.

Personal belongings such as clothing and jewelry, up to a certain value, are allowed to be kept as well as appliances, household goods, tools that are used for work, child support money, alimony, life insurance, retirement plans and a few other benefits. A qualified Chapter 7 bankruptcy attorney can work closely with you. Minimizing the amount of property lost during a Chapter 7 bankruptcy.


The minute you hire an attorney to file your bankruptcy, the court will notify all of your creditors of your bankruptcy filing meaning they may no longer contact you. If your creditors continue to harass you after receiving notice of your bankruptcy, they are subject to sanctions by the bankruptcy court.

Chapter 7

  • Protection From Creditors
  • Homestead Exemtion
  • Eliminate Debts
  • Vehicle Exeptions
  • Keep Benefits

Contact The Boss Today!

Serving Macomb, Oakland and Wayne County

(888) 778-2224


Contact Us

(888) 778-2224

8424 E 12 Mile Rd #200

Warren, MI 48093

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