Effective April 1, 2010, the federal exemptions that you can use in your Michigan bankruptcy have changed. Exemptions are dollar allowances for real and personal property that you can keep when you file for bankruptcy in Michigan. The exemptions provide the basis for your fresh start. Here are the new exemption amounts: Homestead: 522(d)(1) Real…
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Bankruptcies are on the rise in February of 2010
The new law Congress passed to slow down bankruptcy filings is not working. All the new law does is impose unnecessary cost burdens on you. 111,693 bankruptcy cases were filed in the US in February of 2010 – that is 9% increase from January. Chapter 7 filings are up and Chapter 13 filings are down….
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…