There are some people who do not really have bankruptcy as an option despite low income. Some can only benefit from a payment plan provided by a Chapter 13, but they can’t afford the payments. Here’s an outline of people…
Yearly Archives: 2009
What to Avoid Before Filing Bankruptcy
Doing certain things before you file bankruptcy can result in problems with your case. For example, creditors can object to the discharge of their debt if you had no intention of repaying the debt when you obtained it. Therefore, it’s…
Posted in Creditors
Discharging Income Taxes in Bankruptcy
Generally, most people who file bankruptcy will not receive a discharge of their income taxes. Therefore, they will still have to pay the taxes even after the bankruptcy is complete. However, it is possible for some people to discharge income…
Posted in Income tax
Connecting with Bankruptcy Filers
A bankruptcy discussion board called BKforum allows people who have filed bankruptcy or are thinking about filing bankruptcy to discuss their experiences. By sharing experiences, BKforum members provide support and information to each other. The forum contains a lot of…
Posted in Credit scores, Lawyers and Law Firms
When is Chapter 13 the Better Option?
Some people want to repay their debt, but they are unable to afford the regular monthly payments. Others are behind on mortgage payments due to a temporary reduction in income. Some people have debt that is not dischargeable in a…
Filing Bankruptcy Without an Attorney
In an effort to save money, some people look into filing bankruptcy without an attorney. They either prepare the bankruptcy documents themselves or hire a bankruptcy petition preparer. However, bankruptcy is a complicated area of law and filing without the…
Posted in Lawyers and Law Firms
Credit Card Alternatives
When some of my bankruptcy clients learn that they have to disclose all of their creditors on their petition, they become concerned about the one or two credit cards they want to keep. I usually recommend that they get rid…
Posted in Creditors, Personal Finance
Bankruptcy Myths
Here is an informative video about common bankruptcy myths:
Posted in Personal Finance
Scamming Lawyers
There are so many variations of the same scam. Someone sends someone a check to deposit into a bank account and a portion of the funds is sent to the scam artist. Several weeks ago, I was surprised to receive…
Posted in Lawyers and Law Firms
Qualifying for a Chapter 7
Most of my clients want to file a Chapter 7 bankruptcy. After all, the complete debt relief that a Chapter 7 can provide seems more desirable than the payment plan that a Chapter 13 provides. However, the new bankruptcy law…
Posted in Chapter 7 Bankruptcy
Michigan Bankruptcy Law Blog 