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 this case,...
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 | 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...
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...