“No I don’t have any assets, it will be an easy bankruptcy case.” Says many a client when first contacting me. Did you used to have assets? “Sure – but I put everything in my sister’s name last week, so no worries.” Pre-Bankruptcy Property Transfers...
Wait a minute – what kind of question is that? How could filing bankruptcy help anyone get a mortgage? You Can NEVER Force Someone To Give You A Mortgage And the mortgage companies are free to set their own standards, underwriting standards they are...
What? Who says? (Besides me) Conservative columnist Kevin D. Williamson, in The Beauty of Bankruptcy in National Review: We do not have debtors’ prisons (not for business debts, anyway), and we do not maintain arrangements in which entrepreneurs are forever ruined by a business failure....
‘It was the best of times, it was the worst of times.” So begins Charlie Dickens classic A Tale of Two Cities. Right now, the beginning line does not work so much. The thing is, nobody knows when or how the economy gets going again....
Today’s inspiration is from googling ‘Common Bankruptcy Questions” to which I will now respond. Will I Lose My Home If I File for Chapter 7 Bankruptcy? Maybe. Hey, i’m a lawyer; what did you expect? It depends on the value of your house and the balance...
In what appears to be (yet another) oversight by our brilliant leaders – yes, though they managed to insert provisions that protected the stimulus checks from most government creditors, nothing in the law prevents private creditors from garnishing those funds from your Michigan bank account....
Yes! Bankruptcy courts are open. Bankruptcy courts are federal, not state, so state courts are mostly closed. The bankruptcy courts in Michigan have used electronic filing since 2005. Hearings are being held by telephone so if you file Chapter 7 or Chapter 13 bankruptcy now...
thanks to my friend Cathy Moran for permission to lift this from her blog Procedurally Taxing Legal Tax Blog Subscribe to our Blog Enter your email address to subscribe and receive notifications of new posts by email. Email Address Subscribe Having trouble subscribing? Click here...
I always say, bankruptcy is a last resort. In these most uncertain of times no one knows about future income and expenses, as some creditors are giving breaks. Like the government did on student loans. So let’s look at what’s happening. Do I Have To...
Bankruptcy court procedure in Michigan is as fluid as. anything else in these seemingly apocalyptic times. (photo credit: Photo by Fusion Medical Animation on Unsplash) Bankruptcy Courts Are Open But I thought the governor ordered courts closed except for essential stuff? Yes, but, bankruptcy courts are federal...