Determine what property you can keep under Michigan bankruptcy laws

Knowing and understanding the exemptions you have available to you will make navigating Michigan business bankruptcy laws easier. You want to know what property you can and cannot keep before you file for bankruptcy so you can prepare accordingly.

I recommend: MichiganBankruptcy.com has a chart that details the exemptions that are available under Michigan bankruptcy law. View a chart with all of the available exemptions in Michigan as well as links to the forms you need to file and a host of other Michigan bankruptcy information at Bankruptcy Information.

Decide which chapter of Michigan bankruptcy law to file under

With the passage of the 2005 Bankruptcy laws, filing for bankruptcy has changed drastically. Bankruptcy laws in Michigan have been changed accordingly, and you should have a thorough understanding of what the process entails so you can make an informed decision on whether filing for bankruptcy protection is right for you.

I recommend: Lawyers.com has a detailed explanation of the bankruptcy process. Contact the Bankruptcy Law Office of Walter Metzen for an explanation of the bankruptcy process that includes explanation of how the new bankruptcy laws affect new filers.

Find a good Michigan bankruptcy attorney

A good bankruptcy lawyer in Michigan is absolutely necessary when filing for bankruptcy. They can walk you through Michigan bankruptcy laws and explain the process to you in detail.

I recommend: Michigan Bankruptcy Lawyers.com has a wealth of information on Michigan bankruptcy attorneys, and offers a search that will allow you to get a free consultation form a bankruptcy attorney in your area. Michael M. Malinowski PLC specializes in bankruptcy and operates in Grand Rapids.