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Will My Corporate Assets be Safe in a Personal Chapter 7 Bankruptcy?

When Can My Discharge Be Denied in Chapter 7 or Chapter 13 Bankruptcy?

DENIAL OF DISCHARGE IN MICHIGAN BANKRUPTCY: WATCH YOUR STEP   It is the goal of a Chapter 7 or Chapter 13 bankruptcy to obtain a discharge of one’s debts. The “discharge” is a sort of “master injunction” under Federal law, by way of the US Bankruptcy Code, that...

What Is a Cramdown in Chapter 13 Bankruptcy?

THE CHAPTER 13 BANKRUPTCY CRAMDOWN: PAY WHAT IT’S WORTH   In a Chapter 13 bankruptcy, unlike a Chapter 7 bankruptcy, you repay to your creditors some of what you owe over a 3-5-year period. Depending on what sorts of creditors you have, certain creditors will be...

If My Name Is On the Title To Someone Else’s Car, Will It Be Lost In Chapter 7 Bankruptcy?

It is not uncommon for a debtor in bankruptcy to hold title to a car or other vehicle in the possession of and used by someone else.  Often, a car has been purchased by the debtor for a friend or family member because they cannot obtain the necessary financing...