Glossary of Michigan Bankruptcy Terms
341 Notice

342 Notice

707(b) Action

Abuse

Approved Credit Counseling

Administrative Expenses

Adversarial Actions

Automatic Stay

Bankruptcy Abuse Prevention Reform Act of 2005

Bankruptcy Code

Bankruptcy Estate

Chapter 7 Bankruptcy

Consumer

Convey

Cramdown

Creditor

Debtor

Discharge

Disposable Income

Eligibility

ERISA Qualified Benefits

Executory Contracts

Exempt

Fraudulent Transfer

Home Equity Loan

Homestead

Insider Creditor

Means Test

Median Family Income

Non-dischargeable Debt

Presumed Abuse

Purchase Money Security Interest

Real Property

Redemption

Secured Creditor

Unsecured Debt

W-2′s