Federal bankruptcy law prohibits a utility, from “altering, refusing, or discontinuing service to, or discriminating against, a trustee or a debtor solely on the grounds that the debtor had not paid its prepetition debts when due” after a customer has filed a petition for bankruptcy. Be aware – this prohibition only applies for a limited…
Archives for June 2012
Do both spouses need to file Chapter 7 or Chapter 13 Bankruptcy together?
There is no requirement that both spouses file jointly in either CHAPTER 7 or CHAPTER 13 BANKRUPTCY. Economically, it makes sense because the couple only has to file one case and pay one filing fee ($306 in CHAPTER 7 and $281 in CHAPTER 13). It all has to be evaluated on a case by case…
Can I File Chapter 13 for my Corporation or LLC?
Unfortunately – you cannot. Only individuals can file for Chapter 13 Bankruptcy in Michigan. Corporations and LLC’s are considered separate legal entities and can’t use the bankruptcy laws that are designed for individuals. There are alternatives to filing for bankruptcy – call us and we will help you find a solution to your financial situation….
Is Bankruptcy Confidential? Who will find out about my bankruptcy? I get this question a lot. My answer is that most people in your day to day life won’t know that you filed for bankruptcy unless you tell them. The only people that get notice of your bankruptcy filing are your creditors. If you don’t owe anybody money – they won’t get notice of your filing. And, most creditors are nationally based banks like Citicorp, Bank of America and HSBC. These big companies aren’t going to broadcast your situation – they don’t even send a repre
I get this question a lot. My answer is that most people in your day to day life won’t know that you filed for bankruptcy unless you tell them. The only people that get notice of your bankruptcy filing are your creditors. If you don’t owe anybody money – they won’t get notice of your…
Do I have to pay rent during the redemption period on my foreclosed house?
No. There is no requirement for you to pay rent to you mortgage lender during the redemption period. You live rent free. So, in making budgeting for the future – set aside the money that would otherwise be used to pay your mortgage and build up a “next egg” so that you have money to…
How You Pick the Right Bankruptcy Lawyer for You?
Even as a lawyer, I have had the opportunity to hire lawyers. Some experiences were good – others were horrid. The first thing I check out is response time to returning my phone call or responding to an email or a text. Here’s where my 24 hour rule comes in to play – if I…
Shopping interest rates in making a car purchase in a Chapter 13.
It pays to work these car dealers over to get a good interest rate. The Chapter 13 Trustee will allow you to buy a new car but will not allow the dealer to screw you on the interest rate. Recently, a client got approval to buy a new car but the dealer insisted on 20%…