Bankruptcy is not about cheating your creditors. Bankruptcy laws were enacted to help people facing financial difficulty. The public policy behind the Bankruptcy law is to allow you to get a “fresh start.” If you have any questions about Bankruptcy in Michigan, call Attorney Mike Shovan with the Bay Area Bankruptcy Clinic at (877) 233-9389….
All posts by Mike Shovan
Under what circumstances can a confirmed Chapter 13 bankruptcy plan be modified?
A confirmed Chapter 13 bankruptcy plan can be modified in the following instances: Decrease/increase in income; Interruption of income; Change in marital/dependent status; Unexpected medical expenses; Unexpected home or auto repair expenses; Refinance of a mortgage; Mortgage loan modification; Purchase or lease of a vehicle; Missed plan payment; Need to keep income tax refunds; Purchase…
Can I keep 2 houses if I file a Chapter 13 bankruptcy in Michigan?
The analysis to determine whether you can keep 2 houses in a chapter 13 bankruptcy is complicated. In most cases, you will be filing a Chapter 13 bankruptcy when you are trying to save a house or if you “flunked” the means test. With a Chapter 13 bankruptcy, your unsecured creditors cannot receive less than…
How much will I pay for a Bankruptcy in Michigan?
It is important to realize that all fees in Bankruptcy cases are monitored by the Bankruptcy court. Fees for your particular case will depend on your circumstances. With a simple straight forward Chapter 7 case, you will pay a flat fee. If your case is more complicated, the fee will be adjusted accordingly. Make sure…
How do I know if filing Bankruptcy in Michigan is the right thing for me to do?
You want to carefully consider your options before you make a decision to file a Bankruptcy in Michigan. You will want to review the free reports that we provide and check out posts on our blog and watch some of the instructional videos. If you have any questions about Bankruptcy in Michigan, call Attorney Mike…
What happens when I file for Bankruptcy in Michigan?
When you file your bankruptcy petition in Michigan, an “automatic stay” goes into effect. The “automatic stay” prohibits and stops any action against you to collect any debt, to foreclose on any real estate mortgage or repossess any vehicle. The “automatic stay” also stops creditor harassment, IRS and Michigan Department of Treasury collections, utility shut…
How do I pick a good lawyer for my Bankruptcy in Michigan?
The most important thing in dealing with any lawyer is there response time. Do they return your calls promptly – within 24 hours or by the end of the next business day. Or – do you have to call and beg for a response. At the Bay Area Bankruptcy Clinic, I promise to return your…