Blog Archives

Change to Michigan Wage Garnishment Law

Wage garnishments in Michigan used to have a 182 day expiration date regardless of whether the judgment was paid in full. Creditors had to submit a new request to the court and pay a new fee in order to have

Posted in Uncategorized

Rebuilding Credit after Filing Bankruptcy

It’s normal to be concerned about the credit score after filing bankruptcy. Rebuilding credit is important because a credit score can affect many things, such as interest on loans, insurance premiums and employment opportunities. Many potential clients ask if they

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Posted in Credit scores, Personal Finance, Rebuilding Credit

Upcoming Silent Auction and Networking Event

There is a silent auction and charity networking event being held October 8, 2015 from 6-9 pm at the offices of Stevenson & Bullock, PLC, 26100 American Drive, Ste 500, Southfield, MI 48034. The charity event will support the Access

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What Happens During a 341 Hearing?

After filing a bankruptcy case, the court sends out a notice containing the date and time for a 341 Hearing. The 341 hearing is also referred to as a Meeting of Creditors. A small group of people is scheduled for

Posted in 341 Hearing, Meeting of Creditors

Discharging Student Loans

In most cases, student loans cannot be discharged in bankruptcy. However, you may be able to discharge your student loan if you qualify because the repayment of the student loan results in an “undue hardship” to you. In reviewing your

Posted in student loan

Michigan Homeowner Assistance

Michigan homeowners who are defaulting on their mortgage or property taxes can receive financial assistance through the “A Step Forward” program. Homeowners who have had a financial hardship can apply for the program to pay mortgage arrears, partial mortgage payments

Posted in Loan Modification, Mortgages

Mortgage Reaffirmation in Chapter 7 Bankruptcy

In a chapter 7 bankruptcy discharge, the underlying mortgage debt is discharged, but the lien remains. This means that a creditor cannot force a debtor to repay the debt, but if the debt is not paid, the creditor can still

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Determining Property Values in Bankruptcy

Everyone who files bankruptcy must disclose all of their real and personal property. The value of real estate can be easily done with an appraisal or market analysis. For cars, debtors can look at the blue book value. The biggest

Posted in Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Personal Property, Valuation

Access to Bankruptcy Court

There have been problems with people who are unable to hire an attorney filing bankruptcy themselves. Unfortunately, their paperwork is often incorrectly completed and they often do not follow the required court procedures. Therefore, there is a new pro bono

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Tax Refunds in Bankruptcy: To Keep or Not to Keep

At the end of the year, many people start thinking about their tax refunds. As a result, they are often concerned about whether filing a bankruptcy petition may affect those refunds. Will they get the refunds or will the court

Posted in Uncategorized