How to File Bankruptcy in Michigan and Keep Your Home
- 1). Prepare a Chapter 13 bankruptcy filing in Michigan. You will need copies of your last five years of tax returns, recent paystubs from your employer, your Social Security card, all of your creditor's names and addresses, bank statements and credit card statements. If you are filing bankruptcy primarily to keep your home, make sure you have all mortgage documents and information from your mortgage lender. Do not make any large purchases before filing for bankruptcy.
- 2). Visit a bankruptcy attorney with all of your financial information. A bankruptcy attorney can determine which chapter of bankruptcy you are eligible for and assist you in filing your bankruptcy petition. Most attorneys offer a free initial consultation; use these consultations to determine which bankruptcy attorney you feel you can work with during the administration of your bankruptcy case.
- 3). File your bankruptcy petition as quickly as possible with the assistance of your bankruptcy attorney. Once the petition is filed, an "automatic stay" goes into effect that will stop any foreclosure proceedings on your home during the bankruptcy proceeding.
- 4). Pay all Chapter 13 bankruptcy payments on time for the three to five year plan term. As long as you continue making Chapter 13 bankruptcy plan payments, you can keep your home while in bankruptcy. If you cease making payments to your Chapter 13 trustee, your bankruptcy case could be dismissed and your house lost. Once you've made all of your payments, your debts and mortgage will be current, and you will be able to keep your home.