by Walter Metzen | Mar 18, 2021 | Chapter 13 Bankruptcy
It is permissible for a person filing Chapter 13 bankruptcy to continue to run a business during the bankruptcy process. In fact, it may even be necessary, if that business is the source or a partial source of the funds required to fund the Chapter 13 Plan proposed by...
by Walter Metzen | Mar 12, 2021 | Chapter 13 Bankruptcy
The question of how much a person’s monthly Chapter 13 bankruptcy payment plan will be is a question with a short answer and a long answer. The short answer is that, each month in your Chapter 13 proceeding, you will pay to the Chapter 13 Trustee assigned to your...
by Walter Metzen | Jan 5, 2021 | Chapter 13 Bankruptcy, Refiling bankruptcy
A Chapter 13 bankruptcy can be dismissed for a number of different reasons. It can be dismissed voluntarily—because you decided that the Chapter 13 process wasn’t working for you at a particular time. It can also be dismissed involuntarily—because you failed to make...
by Walter Metzen | Nov 16, 2020 | Bankruptcy Attorney, Chapter 13 Bankruptcy
Home Equity in Chapter 13 Bankruptcy: You Won’t Lose Your House in a Chapter 13—But You May Pay More Increasing home equity with rising real estate prices in many areas of Metro Detroit is one thing that many are thankful for this Thanksgiving holiday. However,...
by Walter Metzen | Oct 14, 2020 | Bankruptcy Attorney in Michigan, Chapter 13 Bankruptcy, Michigan bankruptcy, Modify Chapter 13 bankruptcy plan payment
THE CONFIRMED CHAPTER 13 BANKRUPTCY PAYMENT PLAN: NOT ETCHED IN STONE The Chapter 13 bankruptcy process consists of 2 separate stages: (1) the “pre-Confirmation” stage; and (2) the “post-Confirmation” stage. When you initially file your Chapter 13 bankruptcy...
by Walter Metzen | Sep 30, 2020 | Chapter 13 Bankruptcy, 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 property...