What Happens to my Unemployment Benefits if I File Bankruptcy?

Unemployment benefits in Michigan must be disclosed both as a source of income and, as a right to funds, as a personal asset. Unemployment benefits can affect the Chapter 7 bankruptcy means test, which governs your eligibility for Chapter 7 bankruptcy, and it can affect the amount you must pay monthly in a Chapter 13 bankruptcy payment plan.

For more information, read our full post on this topic on the new Michigan bankruptcy blog of The Hilla Law Firm, PLLC here.

If you are a southeast Michigan resident and are considering filing for bankruptcy with an experienced Michigan bankruptcy attorney, please contact us at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.

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