In 2011 there were over 56,000 filings of bankruptcy in the state of Michigan, 16 percent of which were Chapter 13 filings. Both Chapter 11 and Chapter 13 bankruptcy dictate the reorganization of debtors to an individual or company (or in Detroits case, a city). Chapter 7 bankruptcy Michigan is, however, a much different process.

What is Chapter 7 bankruptcy Michigan all about then? Well, essentially it is the process of liquidating your belongings. What this means is that you have the option to turn your valuable belongings, such as a car or house over to the state, which then appraises it and puts money down toward your debts. Whether or not to file for Chapter 7 bankru

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