michigan has a new bankruptcy law excluding credit cards from being charged off, is that true?

ive been told that there are new laws, but im unable to find them. im trying to prove somebody wrong that they can file a bankruptcy and include all of his credit card debt. so you can include a house or car or boat but not a credit card? is this true?

This entry was posted on Monday, July 21st, 2008 at 11:16 am and is filed under Bankruptcy Law. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

2 Responses to “michigan has a new bankruptcy law excluding credit cards from being charged off, is that true?”

1. lostinlove Says:
   July 25th, 2008 at 11:31 am

   As of October 2005 you can no longer file bankruptcy on any credit cards and that is in every state as far as I know. I know Michigan, Indiana, and Ohio for sure but I think it may include all 50 states. It was in the news and most backruptcy lawyers have a copy of the newpaper article in their offices. Yes it is true you can file on hospital bills, autos, or anything you owe on except credit cards.

2. techline210 Says:
   July 26th, 2008 at 5:11 am

   The State of MI does not grant bankruptcy, the Federal Gov does. You still may file on credit cards. But chapter 7 may not be an option.