We (us bankruptcy attorneys) have been told this since Covid started. This time, I believe them. There Will Be A Crisis says Carl Icahn, known for being right before betting on his own predictions, to the tune of a $22 billion dollar fortune: “In the...
The post The Bankruptcy Wave Is Coming!!! And More appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.
Most folks do not understand the paperwork in a lawsuit against them for money. Hey, that is why we have lawyers! Most civil lawsuits are collection cases – creditor suing you for money. Do not just assume that because it was filed in a court...
The post Don’t File Bankruptcy Just Because You Get Sued appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.
What the heck is Chapter 11 bankruptcy? Just the name gives most people a headache. OK, maybe not as much of a headache as if you work for a company that files Chapter 11 bankruptcy, or, if a company that owes you money files...
The post Michigan Chapter 11 Bankruptcy appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.
This will not end well. Something that cannot go on forever – doesn’t. Record Consumer Debt Consumer debt is surging to record highs, fueled by rising mortgage debt, student loans and a binge on credit card use. With the government student loan moratorium extended to...
The post Consumer Debt Soars, Inflation Up, What Could Go Wrong? appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.
The first thing to do in analyzing your finances is to come up with a budget of income and living expenses. what. Do you have coming in and. What do you need to spend. It is human nature to stick to the categories on...
The post Bankruptcy Budget appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.
Heard about more terrible lawyer advice – malpractice, actually, given to person by a “family friend.” This person was told to put his money into his brother’s bank account and keep cash “under the mattress.” WRONG! on so many levels. First, the money all came...
The post But The Other Lawyer Told Me . . . appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.
From a question last week, yes, if your driver’s license is suspended for an unpaid judgment arising out of using a motor vehicle, filing bankruptcy can get your license back. Of course, you should not be driving without insurance in the first place. But stuff...
The post File Bankruptcy To Get Your Michigan Driver’s License? appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.
You Cannot Afford The Payments. If you cannot afford the payments, you will not be able to keep your house, unless you get a modification from the mortgage company. They have to agree – you cannot force them into it. More Than One Mortgage...
The post Michigan Mortgage Bankruptcy Options appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.
I hate to sound like a lawyer, but, I am one, so, the answer to the question: f1040 What happens to your tax refund if I file bankruptcy is: it depends. Unless you are paying creditors 100%, in a Chapter 13 bankruptcy...
The post Tax Refunds In Bankruptcy appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.
You may run a small business, that is, or is not, incorporated. If it is a corporation, even an LLC, the corporation has to file for Chapter 11 to get bankruptcy relief. But, you do not have to be a corporation to file for Chapter...
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