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...
by Walter Metzen | May 17, 2022 | chapter 13 bankruptcy
It is well-known that Chapter 13 bankruptcy is the form of bankruptcy available to those who fail to qualify on an income basis for Chapter 7 bankruptcy. It is also the form of bankruptcy most...
by Walter Metzen | May 10, 2022 | Emergency Bankruptcy Filing, Stop Foreclosure in Michigan, stopping wage garnishment in Michigan
The filing of an “emergency” bankruptcy petition in Michigan is possible. However, it should never be the default option of any debtor. The filing of a Chapter 7 or Chapter 13 bankruptcy case is not simple “form-filling” as many believe to be the case. It is a complex...
by Walter Metzen | May 5, 2022 | business bankruptcy
Business debt is dischargeable in a personal bankruptcy in Michigan under certain circumstances. However, it is important, firstly, to keep in mind that there is a difference between the debt owed by your business and the debt owed by you, personally. It may be that...
by Walter Metzen | Apr 29, 2022 | Bankruptcy means test, Uncategorized
The Bankruptcy Means Test is a component of a Chapter 7 or Chapter 13 bankruptcy petition that determines a number of important factors in your bankruptcy filing. First, for Detroit Chapter 7 bankruptcies, the Means Test determines whether or not your are...
by Walter Metzen | Apr 21, 2022 | chapter 13 bankruptcy
Chapter 13 bankruptcy cases are administered by a court-appointed individual known as the Chapter 13 Trustee. Who is this person, what does he or she do, how can he or she make or break your Michigan Chapter 13 bankruptcy case—and under what authority? This Article...
by Walter Metzen | Apr 14, 2022 | Filing Bankruptcy in Michigan
The presence of children in a household can make an enormous difference with regard to Chapter 7 bankruptcy eligibility—and to Chapter 13 affordability. This is true in a both a “pro” and “con” sense. First, every parent knows very well the enormous household expense...
