Absolutely not. Leave it to the US Congress to just muck up the process with ridiculous course requirements that teach you nothing and a means test that can only be understood by the Einstein’s of the world. Here are the cold hard facts – these are the actual filings in the Eastern District of Michigan:…
All posts by Mike Shovan
What happens if I inherit assets or money or property after I file for bankruptcy in Michigan?
If you inherit assets within 180 days of filing for bankruptcy in Michigan, those assets become part of your bankruptcy estate. Make sure that you talk to a competent bankruptcy lawyer before you accept any assets by inheritance.
What happens if I get divorced after I file for bankruptcy in Michigan?
If you get divorced within 180 days of filing for bankruptcy in Michigan, any property that you acquire through a property settlement agreement becomes property of your bankruptcy estate. Make sure that you carefully review your exemption allowance analysis to make sure that you don’t inadvertently ad non exempt assets that will be seized by…
Can I recover money that was garnished before I filed for bankruptcy?
Yes. You can demand that a creditor return any money that is garnished within 90 days of your filing for bankruptcy. The creditor’s taking of the money would constitute a voidable preference and you are entitled to receive that money. If the creditor does not voluntarily disgorge your money, you can sue them to recover…
Can a Debt Collector call your house and talk to your spouse or your children?
Yes. But – only for the limited purpose of confirming that you live in the house. A debt collector can call your house and confirm that you live in the house. But, they cannot say that you owe a debt or discuss your situation with them.
Can the loan on a mobile home be crammed down in Michigan?
Yes it can. A cram down is the process where the principal balance on a loan is reduced to the value of the collateral that has been pledged as collateral for that loan. In the case captioned In re Reinhardt, 563 F.3d 558 (6th Cir., 2009) the court held that a manufactured home that is…
What happens if I file a Chapter 7 bankruptcy in Michigan and I discharge the debt underlying my mortgatge?
Just because the debt was written off does not mean they will release the mortgage. Michigan law (MCLA 600.3175(1)) provides: (1) When a recorded mortgage on real property, land contract, or tax lien (except tax liens held by the state or any political subdivision of the state) on lands or property has been paid or…