Well, if your are considering filing for bankruptcy, chance are that your credit report probably doesn’t look too good to begin with. Filing for bankruptcy will stop the aging process of your defaulted accounts. In other words, those things that are 2 months or 3 months or 4 months behind will never get any older…
Archives for 2010
How does filing for Bankruptcy in Michigan really work?
There is a lot of information that you really need to have about bankruptcy to fully understand it. In simple terms, the bankruptcy laws were created so that good people don’t have to suffer through their entire life. Good people like you have the opportunity to get a fresh start. And that’s what bankruptcy does…
Will I ever get a credit card again if I file for Chapter 7 Bankruptcy in Michigan?
People think, “Gee, I’m not going to get a credit card.” Not true again. We will give you a list of banks where you can go open up a savings account and they will hold that savings account as collateral and they will give you a Visa or a MasterCard. That is called a secured…
Will I ever be able to buy a car again if I file for bankruptcy in Michigan?
Some people ask “What about a car? I’m not going to be able to get a car.” Well, that’s not true either. You seen, when you do a bankruptcy, you get rid of all of your debts. So know, you are an excellent credit risk to the car dealer, and it gives him the opportunity…
Will I ever be able to by a home again if I file for bankruptcy in Michigan?
A lot of people come in to the office and say, “Gee, my mom and dad told me that if I did a straight bankruptcy, I’d never be able to buy a home again.” Well that isn’t true. There are thousands and thousands of FHA and VA assumable loans. You will have to save up…
Would you like to stop a wage garnishment, a foreclosure, or protect your checking account from a judgment?
Many of the ads that you read talk about getting rid of debt, indicating straight bankruptcy. Let’s talk about the difference between bankruptcies. Chapter 7, straight bankruptcy, and Chapter 13, also referred to as bill consolidation. Did you know that many people do straight bankruptcy Chapter 7 and keep their home, car, furniture, and cash…
What are some common mistakes to avoid before I file for bankruptcy in Michigan?
Here is a list of common bankruptcy mistakes to avoid before you file for bankruptcy in Michigan: 1. Do not attempt to hide information or assets from your attorney. You have to open and honest with me so that I can give good legal advice and counsel. Your failure to properly disclose required information could…