by Walter Metzen | Nov 19, 2019 | Chapter 13 Bankruptcy, Detroit Bankruptcy Blog, Michigan Bankruptcy Attorney
Chapter 13 bankruptcy is a different animal than Chapter 7 bankruptcyIn most cases, a Chapter 7 bankruptcy is a fairly tight process. A Chapter 7 generally involves 2 or 3 meetings with your bankruptcy lawyer prior to the filing of your petition in order to assemble...
by Walter Metzen | Nov 8, 2019 | Detroit Bankruptcy Blog, Detroit Bankruptcy Lawyer, Michigan Bankruptcy Attorney, Uncategorized
A Chapter 13 bankruptcy proceeding differs from a Chapter 7 bankruptcy in that, instead of discharging your (dischargeble) debt entirely, the process requires that you pay something back to your creditors, depending upon your monthly average income after necessary...
by Walter Metzen | Oct 29, 2019 | Detroit Bankruptcy Blog
Auto Loans and Chapter 7 Bankruptcy: Basic OptionsWhen you file a Chapter 7 bankruptcy at a time when you owe a balance on an automobile loan, you are required to state your intention as to whether you intend to retain the vehicle “securing” the loan or whether you...
by Walter Metzen | Oct 22, 2019 | Chapter 7 Bankruptcy
When you file for Chapter 7 bankruptcy, everything that you own becomes an asset of what is known as “the bankruptcy estate.” This “estate” is a legal construct, a sort of shell containing all property that you own, perhaps that you...
by Walter Metzen | Sep 19, 2018 | Detroit Bankruptcy Blog, Uncategorized
Co-authored by Chad Mizelle.There is a disturbing trend we have noticed happening in metro Detroit and probably nationwide in the past few years. We get a call from an upset person who says that a collection agency representing a payday loan company just called them...
by Walter Metzen | Dec 18, 2017 | Detroit Bankruptcy Blog, filing bankruptcy in Michigan, Uncategorized
When I was in law school, my legal writing professor was a strong proponent of getting away from archaic legal terminology or “lawyerisms” and instead using simple words that the general population, namely our non-lawyer clients, can understand. Unfortunately,...
