DETROIT BANKRUPTCY LAWYERS It is very important to know if the IRS has secured tax liens for past years of income tax you owe. Your Metro Detroit bankruptcy attorney needs this information to best advise you on whether to file a Chapter 7 or Chapter…
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DETROIT BANKRUPTCY ATTORNEYS Your Tax refunds are assets just like cash and other property you own. There are several different ways to handle tax refunds depending on the type of bankruptcy you file. Chapter 7: In order to keep your tax refund in a…
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DETROIT BANKRUPTCY LAW FIRM It is true that a bankruptcy filing stays on your credit report for up to 10 years after filing. However this does not mean that your credit is ruined for 10 years and you will never be able to get any credit during that p…
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Our Michigan bankruptcy lawyers filed a Chapter 7 for a client who resides in Warren, MI. Client and his wife both work and the household income is approximately $60,000 annually. Client has 2 adult children that are still in the home and consequentl…
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Southfield, MI bankruptcy attorney John Steinberger filed a Chapter 7 for a pre-school teacher. Her income was approximately $28,000 annually. She resides in Southfield, MI. She has approximately $38,000 in debt of which approximately $17,000 is disc…
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Our Metro Detroit bankruptcy attorneys filed a Chapter 7 bankruptcy for an individual who resides in Southfield, MI. He and his wife are separated and although she has a substantial income, it was not included in calculating the means test even thoug…
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DETROIT MI BANKRUPTCY LAWYERS When you file for bankruptcy you are automatically protected by something called the Automatic Stay. The automatic stay protects all the property that is part of your bankruptcy estate meaning that in most circumstances…
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METRO DETROIT BANKRUPTCY ATTORNEYS A divorce situation often leads to one or both spouses filing a bankruptcy. There are many situations surrounding divorce that might lead a person to consider a bankruptcy: expenses are increased as both spouses mus…
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MICHIGAN BANKRUPTCY INFORMATION Yes . . . under certain circumstances. If you owe income tax debt, filing a Chapter 7 or Chapter 13 bankruptcy may be a good option for you. As described below tax debts that meet certain criteria can be discharged in…
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DETROIT BANKRUPTCY ATTORNEYS Generally, Yes. The Bankruptcy Code requires a debtor to treat all like creditors alike. This means you cannot chose to list some creditors in a bankruptcy while keeping other creditors out of the bankruptcy. The Bankrupt…
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