by Walter Metzen | Feb 17, 2021 | disclosing assets in bankruptcy
YOUR PROPERTY AND THE CHAPTER 7 BANKRUPTCY ESTATE When you file a petition for bankruptcy, either Chapter 7 or Chapter 13, all property you own or partially own, no matter where it is located or whether it has any real fair-market value, becomes an “asset”...
by Walter Metzen | Jan 27, 2021 | disclosing assets in bankruptcy
Bankruptcy is a Federal legal process of a civil nature. That is, it is not an interaction with the criminal legal process in the United States. Instead, it is an action that one initiates voluntarily to request a civil remedy from the U.S. legal system. In...
by Walter Metzen | Jan 20, 2021 | Life After Bankruptcy, reaffirmation of car note, Uncategorized
Your Chapter 7 bankruptcy is a distant memory. It worked out great. You discharged all of your credit card and medical debt. That back rent you still owed from leasing that apartment with that roommate who ran off with a guy halfway through the lease-term is even...
by Walter Metzen | Jan 11, 2021 | Uncategorized
BALLOON PAYMENTS & CHAPTER 13: TO MODIFY OR NOT TO MODIFY? A balloon payment is a large lump sum payment required upon the termination of monthly installment payments, which may have been “interest-only” payments, in some sorts of longer term...
by Walter Metzen | Dec 21, 2020 | cosigners and bankruptcy, Uncategorized
CO-SIGNERS AND CO-BORROWERS: AN INITIAL DISTINCTION An individual Chapter 7 or Chapter 13 bankruptcy can be filed by either you alone or jointly with your spouse. In either case, you may have loans that were co-signed for you by your spouse or others, or...
by Walter Metzen | Dec 16, 2020 | Michigan Bankruptcy Attorney
ATTORNEY FEES: UNSECURED BY ANY OTHER NAME … Debt owed to an attorney for fees owed at the time of the filing of a Chapter 7 or Chapter 13 bankruptcy case is not treated any differently than any other sort of unsecured debt, such as a credit card balance or a...
