This is a story I received from a client who retained my services for a Michigan chapter 7 bankruptcy. I don’t usually post personal stories of people who filed bankruptcy, but he not only gave me permission, he encouraged it. Again this perspective on filing a chapter 7 is his, and not my own, and…
Archives for chapter 7
Do you offer free initial consultations?
Free Michigan Bankruptcy Consultation Do we Offer a Free Consultaion? Yes. Go over right now, fill out the contact form and we can get your questions answered. You can also contact me through my website at www.mikeshovan.com, by email at mike@mikeshovan.com or you can call me direct at (989) 233-9389. Evening and weekend appointments are…
How does filing for Bankruptcy in Michigan really work?
There is a lot of information that you really need to have about bankruptcy to fully understand it. In simple terms, the bankruptcy laws were created so that good people don’t have to suffer through their entire life. Good people like you have the opportunity to get a fresh start. And that’s what bankruptcy does…
Are student loans dischargeable in a Chapter 7 Bankruptcy in Michigan?
As a general rule, student loans are not dischargeable. However, they can be discharged if you can show that the repayment of the student loans would impose an undue hardship on you. If you have any questions about Bankruptcy in Michigan, call Attorney Mike Shovan with the Bay Area Bankruptcy Clinic at (877) 233-9389. Michael…
What debts are not dischargeable under a Chapter 7 Bankruptcy in Michigan?
Tax debts owed to the IRS or the State of Michigan are not dischargeable. Any debts incurred by fraudulent acts are also not dischargeable. Same goes for debts incurred for luxury goods or services and debts for cash advances made within 60 days before the case is filed. Debts for alimony, maintenance, or support and…
What is the difference between a Chapter 7 bankruptcy and a Chapter 13 bankruptcy in Michigan?
If you file a Chapter 7 Bankruptcy, your obligation to pay your creditors is permanently relieved. If you have the income to make payments over time, then you will consider a Chapter 13 Bankruptcy. If you file a Chapter 13 Bankruptcy, you will repay your creditors over the next 3 to 5 years.mike@mikeshovan.com. If you…
I was raised to be an honest person and pay my debts. Won’t I be cheating my creditors if I file for Bankruptcy in Michigan?
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….