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What is a Preferential Transfer to an Insider in Bankruptcy?

When a Chapter 7 or Chapter 13 bankruptcy are filed with the bankruptcy court, the voluntary petition, schedules, and the statement of financial affairs and all the other documents that are submitted to the bankruptcy court are signed under penalty of perjury by the...

What is Bankruptcy Credit Counseling and why do I need to get this Certificate before filing Bankruptcy in Michigan?

Bankruptcy Credit counseling: What is it and why do you need to do it? I first started practicing bankruptcy law in Michigan in the early 1990’s.  Back then it was easier and less expensive to file a bankruptcy case for my typical client.  The only drawback was...
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