The Bankruptcy 341 Meeting of Creditors: Nothing to Fear but Fear Itself
What Is the Bankruptcy 341 Meeting of Creditors?
The 341 Meeting of Creditors is the only formal court or court-like hearing that you must attend in a typical Chapter 7...
Absolute Right to Dismiss a Chapter 13 Bankruptcy Case
Chapter 13 Bankruptcy Is Not a Prison
While a Chapter 13 bankruptcy is a 3-5-year payment plan process in which you repay some of what you owe to your creditors, it is not a process that...
Assistance to Dependent Elderly Family Members is Protected
Providing a little monthly financial assistance to an elderly relative is a common thing, especially in Michigan, which is undergoing a very tough economy at the moment with services...
Self-Employed Debtors and Good Faith Bankruptcy Filing
Self-employed or business-owning prospective clients will occasionally ask whether they might lower wages to pass the means test qualifying them for a Chapter 7 bankruptcy. That is, they are...
An Annual Bonus in the Chapter 7 Means Test Is "Income"
All income other than for Social Security age or disability benefit earned in the 6 months prior to the month in which a Chapter 7 or 13 bankruptcy is filed must be reported and...
Past-Due Condo Association Dues & Fees Are Dischargeable
Will bankruptcy discharge condominium association dues? Condominium association fees pose a special difficulty in Chapter 7 or Chapter 13 bankruptcy, given the deflated values of many...
Don't Find Out After the Short Sale Is Concluded!
The tax consequences of a short sale are usually not the first thing that a realtor wishing to earn a commission off of a property transaction wants to talk to you about. It may be something...
Insure Real Estate Until You Are No Longer Its Titled Owner
Keep Yourself Protected!
Bankruptcy is in nearly all cases a vastly more cost-effective and time-efficient means of walking away from a home than is a short sale in which homeowners...
