Michigan Bankruptcy Blog

Michigan Bankruptcy Creditors Cannot Threaten Criminal Charges

Michigan Bankruptcy Creditors Cannot Threaten Criminal Charges

Collection Attempts Are Barred Post-Filing Even If Wrapped in Threat of Criminal Charge Filing a Chapter 7 or Chapter 13 Bankruptcy Collections Harassment The moment you file a bankruptcy in Michigan, all collections activity must stop under the "automatic stay" injunction that activates automatically and instantly with the filing of the case in the Federal Bankruptcy Court. Creditors cannot engage in any of the usual sorts of collection activity: no phone-calls, no mailing of invoices or bills ...

Posted on June 15th, 2016 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

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New Michigan Bankruptcy Means Test Numbers for April 1, 2013

Higher Michigan Bankruptcy Means Test Household Income Averages for April 1, 2013 The Michigan bankruptcy means test median numbers have risen slightly for case filed on or after April 1, 2013. As of April 1, 2013, the median incomes in Michigan for families of various sizes are: 1-Family Member Households:          $45,029 2-Family Member Households:          $52,621 3-Family Member Households:          $61,715 4-Family Member Households:          $73,864 More than 4 Family Members: add $7,500 per additional family member to the 4-Family Member median. What this means exactly for ...

Posted on March 20th, 2013 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

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Should I File a Chapter 7 Bankruptcy for a Small Business?

Chapter 7 Bankruptcy for a Small Business: Worth the Trouble?   Chapter 7 Bankruptcy for a Small Business: When You No Longer Wish to Operate the Business Only A Chapter 7 bankruptcy for a small business is a useful option in certain very specific situations only. Chapter 7 bankruptcy is at essence intended for individuals and not businesses, and it is not therefore possible for a business to obtain a discharge of its debts with a Chapter 7 bankruptcy filing. ...

Posted on February 21st, 2013 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

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Bankruptcy and Co-Debtors: How Does Your Filing Affect Them?

Bankruptcy and Co-Debtors & Co-Signors: What Happens When One Files? The relationship between your bankruptcy and co-debtors is a delicate one with both positive and negative impact upon those who have co-signed for your loans, or for whom you have co-signed a loan. Bankruptcy and Co-Debtors: Their Credit Reports The first question is easy: your bankruptcy will have no direct impact upon your co-debtors' credit reports. Your bankruptcy is your bankruptcy alone; it is reported to the ...

Posted on November 13th, 2012 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

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Do I Need to Disclose Overseas Property in my Michigan Bankruptcy?

Even though you may be filing a Michigan bankruptcy, either Chapter 7 or Chapter 13, you must disclose all of your assets no matter where they may be located, including real estate and other property located overseas, to your attorney for disclosure in your bankruptcy petition. Under penalty of perjury, you are required by Federal law to list all of your assets and all of your debts in a Chapter 7 or a Chapter 13 bankruptcy ...

Posted on November 1st, 2012 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

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New Michigan Bankruptcy Means Test Numbers for November, 2012

The Michigan bankruptcy means test median numbers have decreased again effective November 1, 2012, which means that, for the purposes of the Chapter 7 bankruptcy means test, it will be slightly more difficult to qualify for Chapter 7 bankruptcy in Michigan than it has been in the last couple of quarters. As of November 1, 2012, the median incomes in Michigan for families of various sizes are: 1-Family Member Households:          $44,116 2-Family Member Households:          $51,554 3-Family Member Households:          ...

Posted on October 31st, 2012 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

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