by Walter Metzen | Oct 25, 2020 | filing bankruptcy in Michigan, Michigan bankruptcy, Michigan Bankruptcy Attorney
SMALL BUSINESS ADMINISTRATION Loans: DISCHARGEABLE IN BANKRUPTCY An SBA loan is as dischargeable in Chapter 7 or Chapter 13 bankruptcy as any other sort of unsecured debt—with a few caveats. First, it is worth discussing why a debt may or may not be...
by Walter Metzen | Oct 20, 2020 | Bankruptcy, Documents needed to File a Bankruptcy in Michigan, filing bankruptcy in Michigan
BANKRUPTCY, DOCUMENTATION, AND THE DEBTOR’S DUTY TO COOPERATE “Why do I have to give you all of these documents?” is one of the most common questions that consumer bankruptcy attorneys hear from their clients. What documents? In a Chapter 7 or...
by Walter Metzen | Sep 30, 2020 | Chapter 13 Bankruptcy, Detroit Bankruptcy Blog, filing bankruptcy in Michigan
CHAPTER 13 BANKRUPTCY: NO PROPERTY SEIZURE One of the key benefits of a Chapter 13 bankruptcy over a Chapter 7 bankruptcy is that no assets are seized or liquidated in Chapter 13 bankruptcy proceedings. In a Chapter 7 bankruptcy, personal and real...
by Walter Metzen | Aug 28, 2020 | Chapter 13 Bankruptcy, filing bankruptcy in Michigan
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...
by Walter Metzen | Aug 12, 2020 | Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, filing bankruptcy in Michigan, restore Michigan driver's license with Bankruptcy filing
BANKRUPTCY AND MICHIGAN DRIVERS LICENSE RESTORATION One of the great advantages of filing a Chapter 7 or Chapter 13 bankruptcy in Michigan is that it will often allow you to restore your suspended driver’s license. It is important to remember, however, that...
by Walter Metzen | Aug 7, 2020 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Detroit Bankruptcy attorney, disclosing assets in bankruptcy, filing bankruptcy in Michigan
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...
