Michigan Chapter 7 Information:

Basic information and forms are available from Michigan bankruptcy courts. Be aware that the information provided is not the same as legal advice. Courts are not permitted to advise debtors, creditors or other interested parties.

• SUBCHAPTER I OFFICERS AND ADMINISTRATION
• SUBCHAPTER II COLLECTION, LIQUIDATION, AND DISTRIBUTION OF THE ESTATE
• SUBCHAPTER III STOCKBROKER LIQUIDATION
• SUBCHAPTER IV COMMODITY BROKER LIQUIDATION
• SUBCHAPTER V CLEARING BANK LIQUIDATION

In addition to statutes appearing in chapter 7, many other provisions of different titles and Chapters of the United States Code apply.

NOTICE OF AMENDED FORMS AND AUTOMATIC ADJUSTMENTS TO DOLLAR AMOUNTS: On April 1, 2004, automatic adjustments to the dollar amounts stated in various provisions of the Code will become effective in Michigan Bankruptcy Courts. The new dollar amounts will apply to cases filed after the effective date. These amended dollar amounts will affect the eligibility of a debtor to file under Chapter 13 of the Code, certain maximum values of property that a debtor may claim as exempt, the maximum amount of certain claims entitled to priority, the minimum aggregate value of claims needed to commence an involuntary petition, and the value of luxury foods and services deemed to be nondischargeable. The Michigan Bankruptcy Courts will adopt new forms to incorporate these changes beginning April 1, 2004.

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