Chapter 7 Bankruptcy Filed - Warren, MI

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 consequently he qualified for the means test. Client is upside down on his mortgage note but desires to still remain in his house. Client will not reaffirm the debt with his mortgage so that if he later decides to abandon the house he can simply walk away without any liability. Client had approximately $67,000 in medical and credit card bills. Client had used a credit card to pay for a vehicle which the client will still retain.