by Walter Metzen | Apr 12, 2023 | chapter 13 bankruptcy
Chapter 13 bankruptcy might at first appear to be an ill-fit for Michigan real estate investors. It is, after all, a process in which the value of assets can be used as a basis for the amount of debt that must be repaid. However, understanding that sentiment...
by Walter Metzen | Apr 6, 2023 | Litigating in Bankruptcy Court
When you hire a Metro Detroit bankruptcy attorney, it is important to consider whether or not your attorney is also an effective bankruptcy litigator. While you may be tempted to focus on the convenience of a given bankruptcy lawyer’s office location or whether...
by Walter Metzen | Apr 3, 2023 | The Emotional Side of Bankruptcy
Filing for bankruptcy is stressful. There is no question that it is an anxious process. Locating and meeting with a trustworthy and competent Metro Detroit bankruptcy attorney feels like a huge task alone. Gathering the large amount of paperwork and documentation that...
by Walter Metzen | Mar 16, 2023 | Chapter 7 Bankruptcy, QDRO in Bankruptcy
Chapter 7 bankruptcy is a highly effective means of eliminating debt and obtaining a fresh financial start in life. However, the bankruptcy process is complex. This is especially true when it comes to determining what property is exempt (safe from liquidation) and...
by Walter Metzen | Mar 10, 2023 | chapter 13 bankruptcy
Much can go wrong in Chapter 13 bankruptcy in Michigan. Some of these the things that tend to go wrong in a Chapter 13 bankruptcy proceeding are your fault. Some, however, are not. This Article will explore the Top 5 things that can go wrong during a Chapter 13...
by Walter Metzen | Mar 3, 2023 | bankruptcy budgeting, budgeting to avoid bankruptcy
Creating a household budget can be a highly useful step to take in preparation for filing a bankruptcy in Michigan. Alternatively, it can also be a useful means of avoiding the need to file bankruptcy—if your circumstances allow. If proceeding with a Chapter 7 or...
by Walter Metzen | Feb 28, 2023 | Gambling Debt and bankruptcy in Michigan
Bankruptcy is a legal process that allows individuals or businesses to discharge their debts and start fresh. However, not all debts are dischargeable under bankruptcy law, including gambling debts incurred within a certain timeframe before filing for bankruptcy. In a...
by Walter Metzen | Feb 27, 2023 | fraudulent debt in bankruptcy
The US Supreme Court has issued a new ruling regarding the bankruptcy dischargeability of debts incurred through fraud. Whenever the US Supreme Court rules on a consumer bankruptcy question, it is a noteworthy occasion. This is because it just doesn’t happen all that...
by Walter Metzen | Feb 21, 2023 | Bankruptcy
Bankruptcy is often seen as a last resort for those in financial distress, but it can also be a tool for social justice. In a country where economic inequality is a growing problem, consumer bankruptcy can help level the playing field for those who are...
by Walter Metzen | Feb 10, 2023 | bankruptcy attorney fees in Chapter 13
An application for attorney compensation or “fee application” in Chapter 13 bankruptcy refers to the request a bankruptcy attorney makes to the bankruptcy court for payment of their legal fees. In Chapter 13 bankruptcy, individuals are required to make...
