Michigan Bankruptcy Blog

What Happens if I Have Property Liquidated in Chapter 7 Bankruptcy?

What Happens if I Have Property Liquidated in Chapter 7 Bankruptcy?

Let Non-Exempt Property Go or Make a Deal The question of what happens in the Chapter 7 Bankruptcy process when a filing debtor's property is NOT fully protected by the available bankruptcy exemptions is a very basic question, the complete answer to which will be come from the advice of an experienced bankruptcy attorney and not from the text of the Bankruptcy Code statute you may find here and there on the internet. The Bankruptcy Code says that ...

Posted on August 12th, 2013 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

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The Supreme Court’s DOMA Ruling and Michigan Bankruptcy

United States v. Windsor and Filing Joint Bankruptcies in Michigan Today, in the case of United States v. Windsor, the US Supreme Court struck the definition of marriage as requiring "one man and one woman" from the Defense of Marriage Act (DOMA). While an important victory for advocates of marriage equality, the ruling did not sweep as far as some had hoped, simply allowing for gay marriage across the United States. Instead, the impact of the ...

Posted on June 26th, 2013 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

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Can I Keep My House in Chapter 7 Bankruptcy?

Can I Keep My House in Chapter 7 Bankruptcy? Yes—If You Can.   Keep My House in Chapter 7 Bankruptcy: Creditors vs. the Chapter Trustee Generally, you should not worry that you will lose your home if you file for Chapter 7 Bankruptcy. However, there are two specific circumstances in which keeping your house through a Chapter 7 bankruptcy in Michigan may be difficult: (1) You are behind on your mortgage payments and (2) You have more equity in ...

Posted on January 4th, 2013 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

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