The City of Detroit has Filed for Chapter 9 Bankruptcy.
It may not be a major surprise, given that Michigan Governor Snyder appointed a corporate bankruptcy attorney Kevyn Orr as Detroit's Emergency Manager, but the full impact nonetheless...
Contingent Claims in Bankruptcy: Assets You're Not Sure You'll Ever Really Have
Contingent Claims: Disclose Everything!
All assets of whatever value must be listed and disclosed in a Chapter 7 or Chapter 13 bankruptcy petition. This...
SSD Settlements: Right To Receive a Payment vs. Already Received the Payment
Protecting the Right to Receive Social Security Disability Settlements in Chapter 7 Bankruptcy
If you have applied for Social Security Disability benefits and have...
Charitable Giving & Tithing: Protected Expenses in Bankruptcy
Charitable contributions and tithing in particular are protected activities under the US Bankruptcy Code. In 2006, Congress enacted the Religious Liberty and Charitable Donation...
You Can Discharge Attorney Fees in Bankruptcy
Debt to an attorney for attorney fees owed is not any different than any other sort of "unsecured" debt, such as a credit card or medical bill. Unsecured debts, by and large and with a few...
Good Faith, the Mortgage Payment, and the Chapter 7 Bankruptcy
The question, "Is my mortgage payment too high for Chapter 7 bankruptcy?" is really a question of something that the Bankruptcy Code calls "good faith" in the filing of a Chapter 7...
United States v. Windsor and Filing Joint Bankruptcies in Michigan
Today, in the case of United States v. Windsor, the US Supreme Court struck the definition of marriage as requiring "one man and one woman" from the Defense of Marriage Act...
Catch Up Back Rent in Chapter 13 Bankruptcy
If you rent your Michigan home and are behind on your rent payments, back-rent owed to your landlord is an unsecured debt that is dischargeable in either a Chapter 7 bankruptcy or a Chapter 13...
