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- MI Bankruptcy Petition Cover Sheet 2008
Get MI Bankruptcy Petition Cover Sheet 2008-2024
UNITED STATES BANKRUPTCY COURT Revised 05/08 Eastern District of Michigan In re: Case No. Debtor(s). / BANKRUPTCY PETITION COVER SHEET (The debtor must complete and file this form with the petition.
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Requiring FAQ
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They detail the debtor's income, assets, debts, expenses, and other aspects of the debtor's financial circumstances.
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They detail the debtor's income, assets, debts, expenses, and other aspects of the debtor's financial circumstances.
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What is a proof of claim? A proof of claim is a specific bankruptcy form that a creditor (a person who is owed money in a bankruptcy case) files in a bankruptcy case that describes the amount of money the debtor owes the creditor and why.
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The document filed by the debtor (in a voluntary case) or by creditors (in an involuntary case) by which opens the bankruptcy case. (There are official forms for bankruptcy petitions.)
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A Chapter 7 bankruptcy can take four to six months to do, from the time you file to when you receive a final discharge – meaning you no longer have to repay your debt. Various factors shape how long it takes to complete your bankruptcy case. You will have to take care of some tasks before you file.
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The laws provide instructions for completing a 50- to 60-page bankruptcy petition, and because all rules apply in every case, you can't skip a step.
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Chapter 7 and Chapter 13 bankruptcy are the most commonly filed types of bankruptcy, likely because they're available to individuals. Other types of bankruptcy apply to businesses, individuals and other entities. Here's what to know about each bankruptcy option.
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Consequences of a bankruptcy petition being presented Other creditors may become aware and your bank account could be frozen. Any transaction that you enter into will be void unless approved by the trustee in bankruptcy or the court. This could have severe implications on your business or sale of a property or asset.
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