Michigan Bankruptcy Blog

Eastern District of Michigan Bankruptcy: New “Bare Legal Title” Vehicle Ownership Decision

Eastern District of Michigan Bankruptcy: New “Bare Legal Title” Vehicle Ownership Decision

If Your Name Is on the Vehicle's Title and You File Bankruptcy—You Own It No "Bare Legal Title" in the Eastern District of Michigan for Vehicles "Bare Legal Title" has been an effective defense in Detroit, Michigan bankruptcy cases to the efforts of a Chapter 7 bankruptcy trustee to seize and liquidate a vehicle or other titled property. The argument comes into play when the filing debtor's name lies on the title to the vehicle—but the debtor does ...

Posted on January 27th, 2017 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

Read More

Tags: , , , , , ,

How Do I Redeem a Car in Chapter 7 Bankruptcy?

Vehicle Redemption in Chapter 7 Bankruptcy: Pay Only What the Car Is Worth Retaining Property Securing Debts in Chapter 7 When you file a Chapter 7 bankruptcy, you  must include in your bankruptcy petition a document called a "Statement of Intention," in which you make an initial declaration of whether you intend to retain or surrender property serving as collateral securing debts, such as a home or a vehicle with regard to a mortgage loan or vehicle ...

Posted on September 3rd, 2013 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

Read More

Tags: , , , , ,

Should I Buy a Car Before Filing Bankruptcy?

Really? You Can Buy a Car Before Filing Bankruptcy? Can I Buy a Car before Filing Bankruptcy: Maybe. In considering whether or not to buy a car before filing for bankruptcy, either Chapter 7 or  Chapter 13, there are multiple issues involved. Any such decision should only be made with the counsel of an experienced Michigan bankruptcy attorney. Should I Buy a Car before Filing Bankruptcy: Asset vs. Debt Issues A new car purchased prior to filing for bankruptcy represents ...

Posted on February 27th, 2013 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

Read More

Tags: , , , , , , ,

Keeping or Surrendering a Mobile Home in Bankruptcy: Do I Have a Choice?

My Mobile Home in Bankruptcy: Will I Lose it in Chapter 7 or Chapter 13?  Can I Surrender It if I Want To? Mobile Home in Bankruptcy: Is It a Car or Is It a House? A mobile home in bankruptcy, or a manufactured home, is treated the same way that all property is treated in bankruptcy: it is retained or surrendered (voluntarily), and it is protected from seizure & liquidation or it isn't. That is, it is ...

Posted on January 7th, 2013 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

Read More

Tags: , , , , , ,

Auto Reaffirmation Agreements and Michigan Bankruptcy

Reaffirmation Agreements in Chapter 7 Bankruptcy: To Sign or Not to Sign?   A reaffirmation agreement is a written agreement that some individuals filing for Chapter 7 bankruptcy make with a creditor in order to retain liability for the debt owed to that creditor after the bankruptcy would otherwise have discharged it. Generally, an automobile loan is the only sort of debt for which you might consider signing a reaffirmation agreement in a Chapter 7. (Note that ...

Posted on November 26th, 2012 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

Read More

Tags: , , , ,