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With the beginning of tax season upon us, it is crucial to start planning if you are a consumer considering filing for Chapters 7 or 13 Bankruptcy protection. Your taxes and bankruptcy are connected – but it is not always apparent.
When you consider that approximately 85% of people filing bankruptcy in Michigan are entitled to [...]
Many individuals are hesitant to file bankruptcy because they feel that they can be discriminated against in the future.  Section 525 of the U.S. Bankruptcy Code has made sure that this cannot happen to you.
Utility servicesâ€â€Public utilities, such as electric company, cannot refuse or cut off service because you have filed for bankruptcy. However, the utility [...]
Living on Social Security is not easy. The bankruptcy expert attornies at Chimko and Associates can help you through a bankruptcy is you are receiving Social Security benefits of any kind.
Federal law makes your Social Security benefits exempt from levy, garnishment, assignment by regular creditors, and from the trustee in bankruptcy.
(The federal government can withhold some [...]
First, spousal support and child support payments generally are not dischargeable. If you are contemplating bankruptcy in Michigan and either owe or receive child support or alimony, call the bankruptcy experts at Chimko and Associates, today.
The short answer to a court hearing is no. Bankruptcy does not affect any court hearing regarding child support in [...]
With 2010 quickly approaching, many of you are resolving to do things differently in the new year. It’s always a good thing to examine our lives, evaluate our strengths and weaknesses, and set specific, measurable and realistic goals for the future.
If you are struggling with debt problems and would like to know more about how [...]
It is sad, but it is not surprising. People in their early twenties, many of them university students, are among the fastest growing group of bankruptcy filers in Michigan and in the United States. 2009 surveys indicate that 10 % of all teenagers have a credit card of their own and this can be detrimental [...]
“Don’t Do It” is our advice.
Running up your credit cards prior to filing bankruptcy in Michigan ( in anticipation of filing ) may cause your debt to be non-dischargeable.  It may become non-dischareable on the grounds of “fraud” and you can be fined at a minimum. The bankruptcy trustee can review your purchases prior to filing for bankruptcy and [...]
Recently, the questions we get regarding filing bankruptcy after retirement has escalated. Newsweek ran an article – http://www.newsweek.com/id/224154 that may be worth reading if you are contemplating bankruptcy and you are retired.
If you are a senior citizen contemplating bankruptcy or if a loved one of yours needs help from large medical or credit card debt, the sooner you understand your [...]
One of the worst parts about struggling to overcome debt is wage garnishment.
In many instances, creditors who receive judgment against you can have your wages garnished which means your paycheck will not even reach your bank account but instead go straight to the creditors.
If this is happening to you, then you can understand how negatively [...]
“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) [...]
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