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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 [...]
“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 [...]
“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 Michigan bankruptcy exemptions chart, see below, details the property you can exempt or protect from creditors when you file bankruptcy in Michigan. You may exempt any property that falls into one of the exemptions categories below, up to the dollar amount listed. You will be able to kept this exempted property after you file [...]
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