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%…
Archives for 2012
Our Client Confidentiality Policy Takes Effect When You Walk in the Door!
Michigan Rules of Professional Conduct Rule: 1.6 Confidentiality of Information (a) “Confidence” refers to information protected by the client-lawyer privilege under applicable law, and “secret” refers to other information gained in the professional relationship that the client has requested be held inviolate or the disclosure of which would be embarrassing or would be likely to…
The key to filing a successful Chapter 13 Bankruptcy Plan: BUDGET!!!
I worked on 2 really difficult CHAPTER 13 BANKRUPTCY PLANS this past Saturday. Both client sessions lasted 3 hours each. What sets our office apart from others is that we make sure that the clients are actively involved in the entire CHAPTER 13 BANKRUPTCY process. Each case has its own challenges – BUT – the…
Who were Bankruptcy Court Judges from the Past in the Northern Division of the Eastern District of Michigan?
I was working on a CHAPTER 13 BANKRUPTCY matter recently and my client had filed a CHAPTER 7 BANKRUPTCY years ago – back before everything was computerized. He couldn’t remember who the judge was so BOB DENTON helped me fill in the blanks and I just want to share the information: HON. HARVEY D.WALKER 1977…
GO TO MEETING: A great tool for a virtual consultation!
We have started using GOTOMEETING.COM with great success. It is safe, secure and all you need is a computer, a phone and an internet connection. With GO TO MEETING, we can schedule a consultation or conference and provide you with the same advice that we provide in a face to face meeting. The benefits are…
Did you know that you can buy a “new” car in a CHAPTER 13 BANKRUPTCY?
It’s true. You can buy a “new” (new used or sometimes even brand new) during your CHAPTER 13 BANKRUPTCY. Our Trustee, Tom McDonald, put together a program with several local dealers that allows debtors to purchase and finance a new car during their Chapter 13 proceeding. Sounds too good to be true – just wait…
What are the DEBT LIMITS for filing a CHAPTER 13 BANKRUPTCY?
In order to qualify for a Chapter 13 Bankruptcy you are limited by the amount of your debt obligations by class: secured and unsecured. You can have up to $1,081,400 in secured debt and still file a Chapter 13 Bankruptcy in Michigan. You can have up to $360,475 in unsecured debt and still file a…