by Walter Metzen | Feb 3, 2021 | bankruptcy meeting of creditors, filing bankruptcy in Michigan
What Is the Bankruptcy 341 Meeting of Creditors? The 341 Meeting of Creditors is the first hearing that you are required to attend after filing a Chapter 7 or Chapter 13 bankruptcy. In the vast majority of Chapter 7 bankruptcy cases, it is the only...
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...
