by Walter Metzen | Jul 2, 2022 | Disclosing Assets in Bankruptcy
The possession of valuable antiques or collectibles will complicate a Chapter 7 bankruptcy proceeding. Does this mean that you should sell them before filing for Chapter 7 bankruptcy? This is generally a terrible idea. However, with the assistance of an experienced...
by Walter Metzen | Jun 23, 2022 | Protecting Home Equity in Chapter 7 Bankruptcy
As strange as it sounds, your home may have more equity in a Michigan Chapter 7 bankruptcy proceeding than it does outside of bankruptcy. How is this possible? Is not the value of a home based on its physical details and condition in relation to the comparative...
by Walter Metzen | Jun 17, 2022 | Disclosing Assets in Bankruptcy
When you file a Chapter 7 or Chapter 13 bankruptcy case in Michigan, you must disclose all property that you own or to which you have a claim. This is true no matter where the property is located. Why must you disclose your property in bankruptcy? How would the...
by Walter Metzen | Jun 10, 2022 | Chapter 7 Bankruptcy, waiver of Chapter 7 bankruptcy filing fee
When you file a Chapter 7 bankruptcy case in Detroit or anywhere else in the US, you will be required to pay a filing fee to the United States Bankruptcy Court. This is no different than the filing fee requirement in place for nearly any legal proceeding, Federal or...
by Walter Metzen | Jun 6, 2022 | Litigation in Bankruptcy Court
The majority of Michigan Chapter 7 and Chapter 13 bankruptcy cases do not require any adversarial litigation to speak of. Instead, a typical consumer bankruptcy case in Michigan, when its required petition and schedule and other component documents are properly...
