Robert Nickerson
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Bankruptcy

Will I lose my house and car if I file for bankruptcy?

Not usually. Filing bankruptcy in Michigan offers two sets of exemptions (lists and values of items you can keep), plus a third option called Entireties property.

Can I file for bankruptcy if I filed in the past?

A person can file for bankruptcy eight (8) years after a previous bankruptcy.

Will I lose my job because I file?

No. The Federal statute prohibits this.

If I own my own business or am self-employed, will I have to stop my business?

No.

What debts are not stopped by a bankruptcy filing?