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“Exemption” is a bankruptcy term that describes what you keep when filing for bankruptcy.
We don’t think there is a more misunderstood part of bankruptcy as exemptions. Exemptions is one of the major reasons a person should file bankruptcy with the help of an experience bankruptcy attorney rather than alone.
Persons in Michigan are allowed to exempt (keep) [...]
The bankruptcy paperwork looks simple at face value and many Michiganders are tempted to do it themselves because they may feel that they cannot afford an experienced and compassionate bankruptcy lawyer or that they don’t have anything to lose anyway. This is unfortunate because a person may lose a lot more and an attorney can make [...]
The economy in Michigan, increased healthcare costs and reduced medical benefits from a declining automotive industry, and the threat of foreclosure may cause senior citizens to consider Bankruptcy during their retirement years. Many senior citizens do not want to lean on thier children during these tough economic times – because their children are having financial [...]
The thought of filing Bankruptcy may seem like the end to your financial life. While in fact, the exact opposite may be true. The purpose of filing bankruptcy is to help you to come out from under your debt to create a new future. It’s not prospect that should be taken lightly, but many people [...]
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