This is the second part to my last article I wrote on whether spousal support can be discharged in bankruptcy. If you missed that article, you can read it here. Credit card debt works differently than a Domestic Support Obligation and there are different rules for this type of treatment.
This is one of my favorite areas to talk about as this intersects two of my practice areas, bankruptcy and divorce. During a recent free consultation, I was asked this very same question, and I figured many more people have this same burning question on their mind. this article will answer that question.
One of the most depressing statements I hear, “I’m such a loser because I’m filing for bankruptcy”. I’m not sure where this sentiment comes from, but it could be traced to what we have been programmed to believe from the news media, financial pundits, and the credit industry. We are taught that we get into debt, the only way out is to pay our bills. It’s the right thing to do!
The decision to file bankruptcy is a serious decision to make, and one people make reluctantly. Many people are unfamiliar with the process and not knowing if you are choosing the right bankruptcy lawyer only makes a difficult decision more frustrating. Keep these five questions in mind when hiring a bankruptcy lawyer.
Retirement assets are protected in Chapter 7 or Chapter 13 bankruptcy. Don’t cash them in to pay your creditors.
Most people don’t realize that filing bankruptcy can stop a garnishment. The conventional thinking is, “Well, they got the judgment in court, so nothing I can do”.
Your Detroit Bankruptcy Lawyer took a call this week and a potential client in need and these were the first words out of his mouth
I get asked this many times and it is a very good question. Simply stated, it will be quicker than you think. In the Eastern District of Michigan, Detroit Division the time it takes to complete your Chapter 7 is about 3-4 months. Here is the breakdown. The process starts when…
Of all the questions I get asked on a daily basis, this is the last question anyone should be asking of their bankruptcy attorney. Bankruptcy is very complicated and very technical and if done right, it can get you a fresh financial start in life. If done wrong, then you can…
Your Detroit Bankruptcy Lawyer always gets asked if a whole life insurance policy can be protected in bankruptcy. A whole life insurance policy is a life insurance policy that has a cash value to it. It is usually more expensive than a normal term life insurance policy, but many people use a whole life insurance policy as a retirement tool.
Christmas is a time for family, charitable giving, goodwill towards all, and gift giving. It is also a time when we can forget the troubles in our lives and enjoy one night of happiness. We will watch the glow of happiness of children as they open their gifts and watch the smiles of our loved ones as we enjoy the company of the ones we love.
The Means Test numbers are changing on November 1, 2010 and it will affect people who need to file Chapter 7 or Chapter 13 bankruptcy. See how the means test numbers will affect you in getting debt relief.
