How to File a Chapter 7 Bankruptcy in Michigan

Are you interested in filing your own Chapter 7 bankruptcy in Michigan? Now you can. Michigan bankruptcy lawyer Gene Turnwald shows you how and even gives you all the necessary forms!
How to File Chapter 7 Bankruptcy in Michigan, Michigan bankruptcy forms, do it yourself bankruptcy

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Lansing bankruptcy lawyer Gene Turnwald
Legal Services Bankruptcy
Property Taxes and Your Bankruptcy
February is tax season, when the winter property taxes become due. While often property taxes are included within a mortgage payment, when it is not, the property tax payments can be a burden. Many households then wind up doing a balancing act of deciding which bills take priority. If property taxes are not paid, usually within 25 months, you will lose your home. The only action that can extend this time period is filing a bankruptcy petition. To help readers I have drafted the following time line for tax foreclosure on a property. This is the legal process that will happen if property tax payments are not made.
  • July-December 2006: Property taxes billed by city or township.
  • March 1, 2007: Unpaid 2006 property taxes received by County Treasurer a 4% administration fee is added plus 1% per month interest.
  • March 1, 2008: Property is forfeited to the County Treasurer, a $225.00 fee is added and interest rate is increased to 1.5 per month retroactive to the date the property tax becomes delinquent.
  • February 24, 2009: The Circuit Court enters a Judgment of Foreclosure for non-payment of property taxes. Property owners have until March 31 to pay taxes, penalties and interest or lose their property.
  • March 31, 2009: Title to the property passes to the County Treasurer.
  • July or September 2009: The foreclosed property may go to public auction by the County Treasurer.

For more information see M.C.L. 211.135 et seq and P.A. 123 of 1999.
 
Disclaimer: This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

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Gene F. Turnwald, Bankruptcy Attorney
2160 Hamilton Rd., Okemos, MI  48864
(517) 347-6700 | fax: (517) 347-6716

Serving Lansing, Okemos, Haslett, Williamston, East Lansing, Holt, Waverly, Jackson, Owosso, Corunna, St. Johns, Stockbridge, Fowlerville, Flint, Saginaw, and the Mid Michigan area.