A Chapter 13 bankruptcy can be dismissed nearly at any time you no longer wish to remain in the bankruptcy. However, there may be reasons why you would want to stay in the Chapter 13 if you have already begun the process.
Click here to read more about whether you can dismiss a Chapter 13 bankruptcy case on the new Michigan Bankruptcy Blog of Michigan Bankruptcy Attorneys The Hilla Law Firm, PLLC.
If you are a southeast Michigan resident considering filing for bankruptcy, please feel free to contact us at (866) 674-2317 or email@example.com to schedule a free, initial consultation.
Generally, when a Chapter 7 bankruptcy has been closed by the Bankruptcy Court, it is because the Chapter 7 Trustee has either expressly issued an “Order of Abandonment” abandoning all interest in the debtor’s personal property and real estate or has constructively done so via the entry of a “Report of No Distribution” stating that there are no assets in the estate to distribute, allowing the court clerk to close the case. Once this has occurred, typically, the bankrutpcy is finally over and, if the homeowner wishes to short sell or otherwise dispose of his or her home, he or she is free to do so.
Posted in Bankruptcy Process, Chapter 7, Home Mortgages and Bankruptcy, Michigan, Mortgage Modifications, Real Estate, Short Sales
Tagged Bankruptcy Process, Chapter 7, Michigan, real estate, short sale, trustee
A Chapter 7 bankruptcy in Michigan generally takes about 4 months from filing to discharge—but there can be complicating factors.
To read more about the timeline and Chapter 7 bankruptcy process in Michigan, click here to read our full article on this topic on the new Michigan Bankruptcy Blog of The Hilla Law Firm, PLLC.
If you are a southeast Michigan resident and are considering filing for bankruptcy, please contact us at (866) 674-2317 or firstname.lastname@example.org to schedule a free, initial consultation.
Posted in Bankruptcy, Bankruptcy Basics, Bankruptcy Planning, Bankruptcy Process, Chapter 7, Michigan, What Do I Need to File?
Tagged Bankruptcy, Bankruptcy Process, Chapter 13, Chapter 7, detroit, Michigan, southfield