Category Archives: Bankruptcy

Detroit Bankruptcy Lawyers: Can I Pick And Choose Which Credit Cards to File Bankruptcy On?

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chapter 7 and Chapter 13 bankruptcy is an all or nothing game. You must include all credit cards in your bankruptcy petition.

Detroit Bankruptcy Lawyer: Can I Get Rid of Student Loans in Bankruptcy?

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This is a hot button question I get asked all the time. It’s no wonder, with about 1 trillion dollars (that’s more than the auto industry bailout and the Wall Street bailout) in student loan debt in this country and a very bleak job market for college graduates, this will become a crisis in the coming years. In fact, this very well may be the next meltdown in the country.

Detroit Bankruptcy Lawyer:Can My Ex-Spouse Discharge the Credit Card Debt He/She Owes Me from the Divorce?

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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.

Detroit Bankruptcy Lawyer: You’re a Loser If You File Bankruptcy? Not These People.

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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!

Detroit Bankruptcy Lawyer: 5 Things to Ask Your Bankruptcy Lawyer Before Hiring.

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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.

Detroit Bankruptcy Lawyer: Can Bankruptcy Stop A Garnishment?

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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”.

Detroit Bankruptcy Lawyer: I Need A Cheap Bankruptcy ’cause I’m Broke

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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

Detroit Bankruptcy Lawyer-How Long Will My Chapter 7 Take?

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     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…

Detroit Bankruptcy Lawyer: What About Whole Life Insurance And Bankruptcy?

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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.

Detroit Bankruptcy Lawyers: The Christmas Season is Upon Us, So is Massive Credit Card Debt.

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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.

Detroit Bankruptcy Lawyers: The Means Test Numbers Change November 1, 2010.

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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.

Detroit Bankruptcy Lawyers: What Is The Means Test In Bankruptcy?

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The Means Test was created by Congress to prevent people from filing Chapter 7 bankruptcy and forcing them to file Chapter 13 instead.