Financial Statement {MC 287}

MC 287 - FINANCIAL STATEMENT. This form, titled "Financial Statement," is used in Michigan courts to collect comprehensive financial information from individuals involved in legal proceedings, such as divorce, child support, or bankruptcy cases. The form requires personal information, including the individual's name, contact details, and marital status, as well as details about dependents and nearest relatives. It gathers information on the individual's assets, such as vehicles, bank accounts, and other properties, along with their total value. The form also captures monthly income sources (including wages, benefits, and support payments) and monthly expenses (like mortgage or rent, utilities, insurance, and loan payments). It authorizes the court to obtain a consumer credit report and certifies the accuracy of the financial information provided, ensuring that the court has a clear understanding of the individual's financial situation for purposes related to the case. www.FormsWorkflow.com