Tag Archive: federal exemptions

Detroit Bankruptcy Lawyer: Can I Protect My Child’s College Savings Plan in Bankruptcy?

Family

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.

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

Family

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.