Can I keep my home after Chapter 7?

Chapter 7 bankruptcy is commonly known as a liquidation bankruptcy. This is because the courts will liquidate the debtor’s assets to help pay off creditors. The two most common bankruptcies to file for as an individual or either Chapter 13 or Chapter 7. Persons...

Who can file for Chapter 7 bankruptcy?

Michigan residents with debt may look into methods of easing the debt. For many, bankruptcy is a viable option. But did you know that each type of bankruptcy has its own set of requirements? Not just anyone can file for any type of bankruptcy.  Today we will look at...