Michigan Bankruptcy Law

Considering filing bankruptcy in Michigan? You need to understand Michigan bankruptcy law and exemptions.

As on overview we have listed some of the main exemptions, links to the federal courts serving Michigan, and some filing statistics for Michigan.

Michigan Exemptions

Homestead:
$35,300 (can be claimed by any Michigan resident who owns and occupies a house, whether or not he owns the land) ($52,925 if elderly or disabled)
Details:
Homestead (can not exceed 40 acres of rural land and buildings or one lot with building in village, town or city)

Motor Vehicle:
$3,250
Details:
1 motor vehicle


This is just and overview and there is a detailed list of the Michigan Bankruptcy Exemptions.

Michigan Bankruptcy Courts

If you need more information about the Michigan Federal Bankruptcy Courts you can click on the link for your district.

  • Michigan Eastern District
  • Michigan Western District

    • Michigan Filing Statistics

    Here are the counties in Michigan with the highest amount of bankruptcy filings.

    Year - County
    Total
    Ch7
    Ch13
    2012 WAYNE
    12476
    10303
    2168
    2012 OAKLAND
    6253
    5148
    1102
    2012 MACOMB
    5346
    4483
    858
    2012 GENESEE
    3351
    2509
    840

    You can see the information for all counties by visiting the Michigan Chapter 7 and Chapter 13 bankruptcy filings by county page.

    Here are the most recently available statistics for monthly bankruptcy filings in Michigan.

    Year - Month
    Total
    Ch7
    Ch13
    2013 6
    3140
    2605
    534
    2013 5
    3838
    3212
    625
    2013 4
    4288
    3649
    638
    2013 3
    4721
    3986
    733
    2013 2
    3589
    3004
    582
    2013 1
    3283
    2686
    594


    You can see more data by visiting the Michigan Personal Bankruptcy Filing Statistics page.

    If you have question about filing bankruptcy please visit our Frequently Asked Questions Page or schedule a free consultation with a local attorney.