Key Deadlines in Michigan Bankruptcy Cases

Understanding the key deadlines in Michigan bankruptcy cases is crucial for individuals considering filing for bankruptcy. Adhering to these deadlines can significantly impact the outcome of the case and the financial future of the filer.

One of the first important deadlines is the filing deadline for bankruptcy petitions. In Michigan, individuals must file their bankruptcy petition either under Chapter 7 or Chapter 13. The filing date is the date the petition is submitted to the bankruptcy court, and all deadlines related to the case are calculated based on this date.

Another critical deadline is the credit counseling requirement. Before filing for bankruptcy, individuals must complete a credit counseling course from an approved provider. This must be done within 180 days before the bankruptcy petition is filed. Proof of completion must be submitted along with the bankruptcy papers.

After filing, the 341 Meeting of Creditors is scheduled. This meeting usually occurs about 20-40 days after the filing. During this meeting, the bankruptcy trustee and creditors can ask the debtor questions about their finances and the bankruptcy case. It is important for the filer to attend this meeting to avoid dismissal of their case.

In the case of Chapter 13 bankruptcy, there are specific plan confirmation deadlines. The debtor must propose a repayment plan within a certain timeframe. Typically, Chapter 13 plans must be confirmed within 45 days following the 341 meeting, allowing the court to approve the payment terms that the debtor will follow over the coming years.

Additionally, there are deadlines for creditor objections. Creditors have a limited time to file objections to the bankruptcy plan or specific discharges. Understanding these timelines can help debtors proactively respond to any challenges that arise.

Finally, a discharge deadline is also significant. In Chapter 7 cases, if the process is successful, debtors can expect to receive a discharge of their eligible debts typically around 60 to 90 days after the 341 meeting. In Chapter 13 cases, discharges usually happen only after the debtor has completed all payments under the repayment plan.

Filing bankruptcy in Michigan can be complex, and adhering to these timelines is vital. Failing to meet any of these deadlines can result in case dismissal or a failure to obtain a discharge. Therefore, it is essential to consult with a qualified bankruptcy attorney to ensure compliance with all legal requirements and deadlines.