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Livonia Bankruptcy Law Blog

Bankruptcy myths that many people fall for

Many consumers in Michigan and around the country don’t file for bankruptcy because they don’t have enough accurate information about it. There are a lot of misconceptions about bankruptcy that simply aren’t true. Here are some of the bankruptcy myths that many people...

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What happens to mortgages in bankruptcy?

Debtors in Livonia, Michigan, commonly file for one of two types of bankruptcy when they see no way to repay their debt. Chapter 7 helps a debtor get certain debts discharged by selling nonexempt assets. Chapter 13 restructures debts for individuals with steady wages...

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Would bankruptcy stop collection actions?

Filing for bankruptcy might be the right choice for a Michigan resident suffering from heavy debt. When debt becomes crushing, the problems could ripple into other areas of life. Creditor harassment might make things even worse if creditors ignore rules about...

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