If you are a “high earner” – meaning your household income exceeds the MEDIAN INCOME established by the US Census Bureau and relied on by the US Bankruptcy Court – you may have to file a CHAPTER 13 BANKRUPTCY. The MEDIAN INCOMES* for Michigan households were just adjusted on May 1, 2012 and the average…

We have been using “GO TO MEETING” with incredible success. We just schedule a time to meet online and we send you a link and a password and we connect “ONLINE” for your BANKRUPTCY consultation. Just like an office visit, we can jump right on the computer and start entering numbers in to our “State…

With gas prices pushing $4.00 a gallon – many people are unaware of the actual expenses incurred in operating their cars. With married couples everything doubles and then start adding kids and your budget goes red in a hurry. Transportation costs include not only gas, but the following: Oil changes; tires; brakes; fluids; car washes;…

Successful people file for BANKRUPTCY because they understand the brilliance of the BANKRUPTCY CODE. Here it is in a nutshell: 1. AUTOMATIC STAY.The minute you file all collections, foreclosures and garnishments stop. 2. EXEMPTIONS. The federal exemption allowances allow you to keep all of your property and your 401k (up to $1,000,000 – yes, that’s…

Budgeting is the key to success in life. You don’t need to buy a book or go to a Dave Ramsey show. All you need to do is google “simple budget.” It’s a free spreadsheet that will help you get started with budgeting. I am in shock at the number of people who have no…

Maybe. This past week I sat through a session with a couple who left feeling offended at the truth of their situation. We went through their budget and they could not afford their life style.  Just remember – the numbers don’t lie. If you can’t afford your house in the neighborhood of your dreams than…

When you file for BANKRUPTCY IN MICHIGAN there are 3 things that you never do: 1. Never lie. – tell the truth – fraud in an Bankruptcy proceeding is a 2 year felony and up to a $250,000 fine. 2. Don’t make any preference payments or transfers – you can’t prefer one creditor over another…