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...
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...
Considering filing bankruptcy can be a daunting task. You might be leery of what filing can do for you. There are many benefits of filing for Chapter 7 bankruptcy; here are a few: Credit Record Filing for bankruptcy can stay on your record for seven years. However,...
