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...
by Walter Metzen | Sep 25, 2020 | corporate assets in bankruptcy, Michigan Bankruptcy Attorney
CORPORATE ASSETS IN PERSONAL CHAPTER 7 BANKRUPTCY: AN EASY VEIL TO PIERCE An individual or personal Chapter 7 bankruptcy is a Chapter 7 proceeding filed by a human being to rid him- or herself of personal debt. The Chapter 7 bankruptcy process is known as a...
by Walter Metzen | Sep 17, 2020 | Chapter 13 Bankruptcy, Filing Bankruptcy in Michigan, Foreclosure
CHAPTER 13 BANKRUPTCY: NOT THE LEAST OF EVILS Chapter 13 bankruptcy has a bad reputation. It’s the form of consumer bankruptcy you have to file if you fail the so-called Means Test. It’s the form of bankruptcy in which you have to repay some of what is owed to...
by Walter Metzen | Sep 10, 2020 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Discharge of debt in bankruptcy, disclosing assets in bankruptcy, Filing Bankruptcy in Michigan
DENIAL OF DISCHARGE IN MICHIGAN BANKRUPTCY: WATCH YOUR STEP It is the goal of a Chapter 7 or Chapter 13 bankruptcy to obtain a discharge of one’s debts. The “discharge” is a sort of “master injunction” under Federal law, by way of the US Bankruptcy Code, that...
by Walter Metzen | Aug 28, 2020 | Chapter 13 Bankruptcy, filing bankruptcy in Michigan
THE CHAPTER 13 BANKRUPTCY CRAMDOWN: PAY WHAT IT’S WORTH In a Chapter 13 bankruptcy, unlike a Chapter 7 bankruptcy, you repay to your creditors some of what you owe over a 3-5-year period. Depending on what sorts of creditors you have, certain creditors will be...
by Walter Metzen | Aug 12, 2020 | Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, filing bankruptcy in Michigan, restore Michigan driver's license with Bankruptcy filing
BANKRUPTCY AND MICHIGAN DRIVERS LICENSE RESTORATION One of the great advantages of filing a Chapter 7 or Chapter 13 bankruptcy in Michigan is that it will often allow you to restore your suspended driver’s license. It is important to remember, however, that a...
