by Walter Metzen | May 15, 2020 | Bankruptcy, Chapter 7 Bankruptcy, disclosing assets in bankruptcy, Filing Bankruptcy in Michigan, filing bankruptcy in Michigan, fraudulent transfers to 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...
by Walter Metzen | May 10, 2020 | Chapter 7 Bankruptcy, Michigan bankruptcy, mortgage reaffirmation agreement and bankruptcy, Reaffirmation agreements
If you are a homeowner, you most likely have a mortgage and sometimes even a second mortgage or what is called a home equity line of credit or home equity loan. Unlike credit card debt or medical bills which are unsecured debt, meaning there is no collateral that is...
by Walter Metzen | Feb 10, 2020 | back rent and bankruptcy, Chapter 7 Bankruptcy, Detroit Bankruptcy attorney, Detroit Bankruptcy Lawyer
Most “unsecured” debts are totally dischargeable in Chapter 7 or Chapter 13 bankruptcy, with only a few limited exceptions, so long as they were not incurred by way of fraud. Rent owed on a residential lease is no different. If you owe rent on a prior lease for an...
by Walter Metzen | Jan 9, 2020 | Chapter 7 Bankruptcy, Detroit Bankruptcy Blog, filing bankruptcy in Michigan, stopping wage garnishment in Michigan
How to Stop a Garnishment in Michigan WHAT IS THE GARNISHMENT PROCESS IN MICHIGAN? Garnishment is one of several means by which a plaintiff who obtains a judgment against a defendant in Michigan may “execute” the judgment. That is, it is one of the ways in...
by Walter Metzen | Oct 22, 2019 | Chapter 7 Bankruptcy, Will I lose my house if I file 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 recently...
by Walter Metzen | May 11, 2015 | Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Filing Bankruptcy if you are married
Does the law require married couples to file bankruptcy together? No, the United States Bankruptcy laws do not require married couples to file together, although in most of the cases I file, both spouses choose to file together. In other cases, especially with recent...