This post lists three things you should know if you want to file for bankruptcy without your spouse. Contact Phoenix Law for more information today. Using bankruptcy to help you get out of debt is something you could consider if you are overwhelmed with bills you...
“J” is for Joint Bankruptcy When a married couple comes into my Livonia bankruptcy office to learn about bankruptcy, we complete a full analysis to determine what course of action is best for their particular situation. Sometimes, we file just the husband, sometimes...
Household median income is an important part of any bankruptcy analysis. During your free consultation at my Livonia, Michigan Bankruptcy Law Office, I will out what your household income is to determine how your income relates to the Household median income for the...
Personal Guaranty, Chapter 7 ,Chapter 13 Bankruptcy Livonia Michigan A Guaranty is a creditor that is often forgotten about when people file bankruptcy. Regardless, the bankruptcy code is very clear that you have to list ALL of your creditors when you file...
While filing for bankruptcy can provide you with the financial breathing room you need, it also carries some long-lasting consequences. If you've fallen far enough behind on your monthly bills that you've begun to consider bankruptcy as an option, you're not alone:...
Beware of consumer debt counseling or debt management programs. The truth is that not everyone offering to help you get control of your finances has your best interests at heart. You need to understand the debt counseling/ debt management process before you ever...
People always ask what not to do before filing Chapter 7 or Chapter 13 bankruptcy. Below are a few “Don’ts” before filing bankruptcy. By no means is this an inclusive list, but this should get you started. 1. Don’t leave out Bank, Checking, Savings, Brokerage,...
The underlining reason anyone has to file bankruptcy is their Creditors. Creditors come in various forms including by not limited to: Credit Cards (Visa, America Express, Discover, Target, etc.) Payday Loans(Cash Advances) Medical Bills(Dr’s, Dentists, Vet Bills)...
The largest change to the Bankruptcy code was the implementation of a new “means test” to determine whether a debtor is eligible for chapter 7 (liquidation) or must file under chapter 13 (wage-earner repayment plan). Basically in Michigan if you are single and earn...
Learn how you can use the Automatic Stay to stop all collection efforts from creditors. Call the experts at Phoenix Law in Livonia, Michigan, to know which steps you should take before filing for bankruptcy. The Automatic Stay is one of the most powerful tools in...
