by Walter Metzen | Mar 11, 2022 | disclosing assets in bankruptcy
Copyright, trademark, and domain names owned must be disclosed and valued in your Detroit bankruptcy case, along with any other forms of so-called intellectual property. This Article will discuss why this is the case—and how you can identify intellectual...
by Walter Metzen | Mar 2, 2022 | Bankruptcy
When finances are tight, you may find yourself in the unfortunate position of needing to decide which bill to pay first in a given month. Car payment or credit card? Mortgage or doctor’s bill? Rent or utility bill? Should you account for a regular monthly...
by Walter Metzen | Feb 23, 2022 | Chapter 7 Bankruptcy Trustee
The 5th Circuit Court of Appeals, in January of this year, allowed a Chapter 7 bankruptcy debtor’s objection to the application for compensation of an attorney working for the Chapter 7 Trustee. In doing so, the Court overruled the Bankruptcy Court and District Court....
by Walter Metzen | Feb 17, 2022 | Bankruptcy
Bankruptcy is one of the most misunderstood areas of law. Because it is a consumer protection mechanism, it is the sort of legal process that tends to be discussed among non-lawyers. It is, therefore, the sort of thing that tends to be discussed incorrectly. A...
by Walter Metzen | Feb 8, 2022 | business bankruptcy
In Michigan and elsewhere, a corporation, LLC, S-Corp, or other entity is a separate legal person. These entities are able to incur their own debt and own property. One main reason that people form these business entities is to shield their owners from the...
by Walter Metzen | Feb 1, 2022 | Standing in bankruptcy
The US Supreme Court dismisses cases brought before it on the basis that the party appealing the matter lacks “standing” to make an argument. This question of “standing” is can be relevant in a Michigan...
by Walter Metzen | Jan 24, 2022 | US Trustee Motion to Dismiss Bankruptcy case
The US Trustee is one of the players involved in a Detroit Chapter 7 bankruptcy process that you hope not to have to interact with. We have written about the role of the US Trustee in the Chapter 7 bankruptcy process in a prior article located here. However, in...
by Walter Metzen | Jan 19, 2022 | Converting Chapter 13 to Chapter 7 Bankrutpcy, dismissing a Chapter 13 bankruptcy
When a Detroit Chapter 13 bankruptcy becomes difficult to fund due to a change in life circumstances, it is tempting to consider dismissing the case voluntarily or converting your Chapter 13 to a Chapter 7 bankruptcy. These are options that are indeed yours to...
by Walter Metzen | Jan 12, 2022 | bankruptcy and your tax return
Whether or not a Chapter 7 or Chapter 13 bankruptcy filing will affect a tax return negatively is a frequent question received by bankruptcy lawyers. It is also an imprecise question. What does it mean for a tax return to be affected by bankruptcy? Are we...
by Walter Metzen | Jan 5, 2022 | was my home included in my bankruptcy case
When applying for a new mortgage or a mortgage refinance after a Chapter 7 or Chapter 13 bankruptcy in Michigan, it is not uncommon to be asked whether your house was included in your bankruptcy. This is a question that often brings with it a tidal wave of...
