Michigan Motion to Extend Automatic Stay and Notice of Motion

State:
Multi-State
Control #:
US-03255BG
Format:
Word; 
Rich Text
Instant download

Description

After the filing of a bankruptcy petition, the debtor needs protection from the collection efforts of its creditors. Therefore, the bankruptcy law provides that the filing of either a voluntary or involuntary petition operates as an automatic stay which prevents creditors from taking action against the debtor. This is similar to an injunction against the creditors of the debtor. The automatic stay ends when the bankruptcy case is closed or dismissed or when the debtor is granted a discharge. Anyone who willfully violates the stay in the case of an individual debtor can be liable for actual damages caused by the violation and sometimes liable for punitive damages.

The Michigan Motion to Extend Automatic Stay and Notice of Motion is a legal document used in bankruptcy cases in the state of Michigan. It is filed by a debtor or their attorney to request an extension of the automatic stay that was initially put in place when the bankruptcy case was filed. This motion is essential for debtors who need more time to resolve their financial situation and make necessary payments. The automatic stay is a provision in bankruptcy law that prohibits creditors from taking any collection actions against the debtor while the case is ongoing. It provides the debtor with a breathing space to assess their finances and work out a repayment plan. However, the automatic stay has a limited duration, and in some cases, debtors may need additional time to address their financial obligations properly. In Michigan, there are different types of motions one can file to extend the automatic stay, depending on the circumstances. Some common types include: 1. Motion to Extend Automatic Stay for Chapter 7 Bankruptcy: This motion is filed by debtors who realize they need more time to make payments or resolve financial issues after their Chapter 7 bankruptcy case has been filed. It is crucial in cases where unexpected expenses arise or when the debtor requires additional time to liquidate assets. 2. Motion to Extend Automatic Stay for Chapter 13 Bankruptcy: Debtors who have filed for Chapter 13 bankruptcy may file this motion to extend the automatic stay if they face challenges in adhering to their previously approved repayment plan. It allows debtors to request a longer stay to reevaluate their financial standing and propose necessary modifications to the repayment plan. 3. Motion to Extend Automatic Stay after a Dismissal: If a bankruptcy case was dismissed for any reason, debtors have the option to file this motion to extend the automatic stay again. However, it is essential to provide valid justifications to the bankruptcy court for the request. Filing a Michigan Motion to Extend Automatic Stay and Notice of Motion requires the debtor's attorney to draft and file the appropriate legal documents with the bankruptcy court. The motion must include a detailed explanation of the reasons for the extension, along with supporting documentation such as financial statements, payment history, or any other relevant evidence. It is crucial for debtors to work closely with their bankruptcy attorney to determine the most suitable type of motion and to compile a convincing argument to persuade the court to grant the extension. Debtors must present valid reasons, such as financial hardships, unforeseen circumstances, or changes in income, to demonstrate the necessity of the extension. Overall, the Michigan Motion to Extend Automatic Stay and Notice of Motion plays a critical role in providing debtors with the opportunity to address their financial challenges effectively. By filing this motion, debtors can seek additional protection from creditor actions while they work towards achieving a more stable financial situation.

Free preview
  • Form preview
  • Form preview
  • Form preview

How to fill out Michigan Motion To Extend Automatic Stay And Notice Of Motion?

Discovering the right lawful papers template can be quite a struggle. Of course, there are a lot of themes accessible on the Internet, but how will you discover the lawful type you want? Take advantage of the US Legal Forms site. The services offers thousands of themes, for example the Michigan Motion to Extend Automatic Stay and Notice of Motion, which you can use for enterprise and personal demands. All the forms are examined by professionals and meet state and federal demands.

Should you be already listed, log in to the account and then click the Download switch to find the Michigan Motion to Extend Automatic Stay and Notice of Motion. Make use of account to check from the lawful forms you may have bought earlier. Check out the My Forms tab of your respective account and acquire another backup of the papers you want.

Should you be a brand new customer of US Legal Forms, allow me to share basic recommendations for you to follow:

  • Initial, ensure you have chosen the correct type for the town/area. You are able to check out the shape using the Preview switch and browse the shape explanation to make sure this is basically the best for you.
  • If the type is not going to meet your needs, use the Seach field to obtain the proper type.
  • Once you are sure that the shape is acceptable, go through the Purchase now switch to find the type.
  • Choose the rates prepare you would like and type in the required info. Make your account and pay for an order utilizing your PayPal account or credit card.
  • Choose the data file format and down load the lawful papers template to the product.
  • Full, edit and produce and sign the obtained Michigan Motion to Extend Automatic Stay and Notice of Motion.

US Legal Forms is definitely the greatest collection of lawful forms in which you can find a variety of papers themes. Take advantage of the service to down load expertly-created documents that follow condition demands.

Form popularity

FAQ

In some situations, a creditor might file a motion to lift the automatic stay. This would allow them to resume collection actions. One situation would be if you were behind on your payments for a secured loan, such as a mortgage or car payment, and the loan amount was greater than the value of the home or car.

Creditors Obtaining Relief From the Automatic Stay -- If a creditor properly files and serves a Motion for Relief from the Automatic Stay, and a bankruptcy judge grants the Motion, the Automatic Stay will either be removed or modified so that the creditor can resume collection efforts against the debtor.

How Long Does the Automatic Stay Remain in Effect? Although the automatic stay provides immediate relief, it is temporary. The automatic stay generally remains in place until the discharge is entered. Once that happens, you're no longer responsible for the unsecured debts incurred before your Chapter 7 was filed.

The automatic stay is an order that goes into place when you file for bankruptcy and stops most collection efforts. But the stay isn't absolute, and a creditor can ask the bankruptcy court to lift the automatic stay and allow collection efforts to resume. If successful, the creditor can continue pursuing its debt.

Creditors must submit a written request to the bankruptcy court detailing why they request that the automatic stay be lifted, and they must include supporting documentation and evidence. The motion must also be served on all the parties involved in the case, including the debtor, giving them a chance to respond.

Interesting Questions

More info

Service may be done in a variety of ways; however, the easiest method is to mail the Motion, Notice, Order and brief, if applicable, by first class postage pre- ... Click the Bankruptcy hyperlink on the CM/ECF Main Menu. 2. The Bankruptcy Events screen displays. a. Click the Motions/Application/Stipulations hyperlink.The filing of an appeal does not stay enforcement of the agency's decision or order. (1) A party may file a motion seeking a stay in the circuit court. (2) ... Apr 19, 2018 — (B) on the motion of a party in interest for continuation of the automatic stay and upon notice and a hearing, the court may extend the stay ... ... the court in the current case entered an order granting the Debtors' motion to continue the automatic stay, premised on a finding that they filed this case ... Notice of the motion for relief from the automatic stay or to prohibit or condition the use, sale, or lease of property must be served on the entities entitled ... At the conclusion of the hearing, the Court granted the Motion's request to extend the automatic stay under § 362(c)(3)(B) as to all of the Debtor's creditors ... Jul 21, 2022 — 1. Notice of Motion · 2. Certification of facts · 3. Memorandum · 4. Proposed Order · 5. Certification of Service · 6. A filing fee of $188.00. Download, edit, auto-fill multiple forms at once in MS Word using our Forms Workflow Ribbon ... At Aderant, the “A” is more than just a letter. It represents how ... A party may disagree with an ex parte order and file an objection within 14 days to the order or file a motion asking the court to change or cancel the order .

Trusted and secure by over 3 million people of the world’s leading companies

Michigan Motion to Extend Automatic Stay and Notice of Motion