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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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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DETROIT BANKRUPTCY LAWYERS Payday loans (also called cash advances, payday advances, check advance loan, etc. .) can be listed as a debt in a chapter 7 or chapter 13 bankruptcy. Generally speaking they are treated like any other unsecured debt. Payda…
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DETROIT BANKRUPTCY ATTORNEY Bankruptcy can be an invaluable tool and might be the right answer for your financial situation. If you answer yes to any of the following questions then please contact our office for a free consultation: Are you behind on…
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Bankruptcy often has a negative connotation, but this is in large part because of misconceptions that have escalated over time. Declaring bankruptcy in Michigan simply gives you a chance to eliminate debts and repay creditors under the protection of…
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After Declaring Bankruptcy in Michigan Once you declare bankruptcy in Michigan, you’ll undergo several stages. In most cases, bankruptcy lasts for 3 to 5 years before a discharge is given. To make sure that you stay on track with the process, y…
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For most people the decision to file bankruptcy in Michigan is extremely difficult. First, there is the fear of the unknown. Some people fear that their credit will be destroyed forever. Others fear that they will lose their property. Yet others fear…
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