Michigan Bankruptcy Blog

Changes to Michigan’s Foreclosure Redemption Period

Changes to Michigan’s Foreclosure Redemption Period

Kiss Your Privacy Goodbye   Michigan's Foreclosure Redemption Period: New Duty to Allow Inspections It used to be the case under Michigan law that you were entitled to a 6-month "redemption period" following a foreclosure sheriff's sale, during which period of time you could continue to reside in your house as you always had. It was a period of time that Michigan law granted foreclosed homeowners in order that they might be able to obtain the financing necessary to ...

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

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Can I Pay Back Rent in Chapter 13 Bankruptcy?

Catch Up Back Rent in Chapter 13 Bankruptcy If you rent your Michigan home and are behind on your rent payments, back-rent owed to your landlord is an unsecured debt that is dischargeable in either a Chapter 7 bankruptcy or a Chapter 13 bankruptcy. In other words, if you are leaving the rental home, a Chapter 7 or Chapter 13 bankruptcy will discharge the debt entirely, and your landlord will not be able to collect it ...

Posted on June 24th, 2013 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

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What Is the Redemption Period in Michigan?

How Many Acres Are Involved, and What Are They Used For?   The Redemption Period in Michigan: The Laws Have Changed As of December, 2011, the amount of acreage owned is no longer a factor in determining the length of the post-foreclosure sheriff's sale redemption period in Michigan. Prior to December, 2011, foreclosure of land more than 3 acres required a "redemption period" of 12 months as opposed to the 6 months required for non-abandoned property of less than 3 ...

Posted on April 24th, 2013 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

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Can Bankruptcy Stop Eviction?

Will Bankruptcy Stop Eviction? For a Minute, at Best—   Will a Chapter 7 or Chapter 13  bankruptcy stop eviction? Maybe, but not for long! A Michigan Chapter 7 or Chapter 13 bankruptcy will stop an eviction proceeding along with all other measures constituting the collection of a debt upon filing. The "automatic stay" that goes into effect upon the filing of a petition for bankruptcy has the effect, with a few exceptions, of immediately halting all collection attempts ...

Posted on December 15th, 2012 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

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