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CC 320 Guidance: Financial Disclosure Form Divorce (Michigan)

The CC 320 Financial Disclosure Form is used during divorce proceedings in Michigan to provide a detailed account of your financial situation, including income, assets, and debts, ensuring transparency and fair resolution between parties. Jump to guide on filling it out.

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The information provided on this website/page is for general informational purposes only. It should not be construed as legal advice, nor does it create an attorney-client relationship between the author and any readers or users of this content.

Reviewed By

Carmee Murphy
Attorney
Carmee Murphy graduated from Carnegie Mellon University in 2002 and the University of Pittsburgh School of Law in 2005. Ms. Murphy has 20 years of experience in civil litigation. From 2014 to 2017, Ms. Murphy was selected to the New York Super Lawyers® Rising Stars list, and in 2019, selected to the Pennsylvania Super Lawyers® Rising Stars list. Since 2017, Ms. Murphy has advised and assisted solo practitioners and law firms in civil proceedings in a variety of state and federal jurisdictions.

Tips for filling out form CC 320

When completing form CC 320, pay special attention to these less obvious sections:

Item 10

Co-signed Debts

Remember to include debts where you are a co-signer. Even if the loan primarily benefits someone else, your liability is still relevant in the financial assessment.
Item 11

Court-Ordered Obligations

Include all court-ordered payments, such as child support obligations from other cases or judgments against you, separately from personal debts.
Item 1a

Domestic Violence Exception

If you are a victim of domestic violence, sexual assault, or stalking, you can omit information that might reveal your location. However, you must provide a written statement with reasons for the omission filed with the court by the form's due date.
Item 2e

Unemployment Details

If you are unemployed and not receiving benefits, or only working part-time, provide detailed information about your last full-time job, including why you left, to explain any gaps in employment.
Item 3a

Income Supporting Documents

Attach your four most recent pay stubs and last year's tax returns. If self-employed, include the last three years of business tax returns. These documents substantiate your income claims in the form.
Item 4a

Real Estate Information

Include all properties you have an interest in, regardless of whether they are considered marital property or not. Provide accurate estimates for value, debt, and ownership interests.
Item 5d

Account Balances

List the balances of all financial accounts, including bank, retirement, and investment accounts, as of the date of filing. Provide details for both current balances and balances from 90 days prior to reflect any significant changes.
Item 6c

Life Insurance Policy

When listing life insurance policies, include employer-provided policies and note their taxable status. Ensure you describe both the cash/surrender value and the death benefit.
Item 9

Outstanding Cases

List any ongoing lawsuits that might impact your finances, such as pending claims for or against you that might result in financial awards or liabilities.

What to do after filing form CC 320

1
Confirm that you have served a completed copy of the form to the other party within 28 days from the date of service of the defendant’s initial responsive pleading.
2
File a proof of service with the court confirming that the form has been served to the other party.
3
Check whether there is any written agreement between you and the other party to waive exchanging this form or if a settlement agreement is already signed.
4
If unresolved issues remain, prepare for any further court hearings by organizing all financial documentation and supporting evidence relative to your case.
5
Monitor communications from the court or your attorney/representative for updates or instructions on the next steps in your case.
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