Reaffirmation Required: No "Ride-Through" Allowed Says Bankruptcy Judge
—
Reaffirmation Required: What Is It?
Reaffirmation agreements and their role in Michigan Chapter 7 bankruptcies were described in our prior blog post on the subjection...
Active Duty Reservists and Disabled Vets Eligible for Chapter 7 Bankruptcy Means Test Exemption
The Financial Hardship of Active Military Duty or Disability Is Recognized in the US Bankruptcy Code
There is a limited exception or exclusion...
Michigan Bankruptcy Exemption Amounts Increased—And About Darn Time!
For the first time since 2011, the Michigan State Legislature has taken time to think about Michigan citizens in economic need and has updated some of the state statutory...
Increased Michigan Median Income Numbers = Increased Chapter 7 Eligibility Challenges
The Office of the US Trustee has released its new bankruptcy means test numbers for all case filed on or after April 1, 2014. These numbers reflect the median...
It's Simple: Just File a Chapter 7 Bankruptcy
[caption id="attachment_2605" align="aligncenter" width="225"] Image by Gertjian R., courtesy of Wikimedia Commons[/caption]
Debtors Have No Power to Reject or Assume a Residential Lease in Chapter 7...
Chapter 7 Bankruptcy after Refinancing: Timing Is Everything
Modification or Refinance?
You own your home, you like your home, you want to keep your home—but you just have too much credit card debt. Or medical debt. Or have suffered some other...
Payday Lending: Usury at its Worst
Image by Swanksalot, courtesy of Wikimedia Commons
Payday lending represents the worst of the worst when it comes to consumer lending. The practice nearly always involves a request for post-dated checks,...
The Dangers of Repaying Personal Loans Prior to Filing Chapter 7
[caption id="attachment_2286" align="aligncenter" width="300"] Image courtesy of Azoreg via Wikimedia Commons[/caption]
Insider Creditors & Preference Payments in Chapter 7...
