This is a common question I get in my clients Chapter 7 or Chapter 13 cases. And it is a good (and important) question to ask. As with any question in bankruptcy, it depends on which chapter you are filing under. If you are filing a Chapter 13, AND you want…
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.
The general answer to this question is yes, it’s possible to keep your home if you file bankruptcy. However, there may be instances where you won’t be able to keep your home, and this will depend on if you file for Chapter 7 or Chapter 13 bankruptcy.
Saving for college is tough, especially if you don’t want to burden your child’s future with student loans. Most parents are looking to the Michigan Education Savings Plan (MESP) (also know as a Section 529 Qualified Plan) to help their children get a college education.
Yes, it is possible but only in a Chapter 13, under certain circumstances. First you have to qualify for a Chapter 13, which means you have some money to pay back to your creditors.
Of all the questions I get asked on a daily basis, this is the last question anyone should be asking of their bankruptcy attorney. It’s the same as asking me how much to paint your house, when I have never seen you house. Bankruptcy is very complicated and very technical and…
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.
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.
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.
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