Can I Run a Business While In Bankruptcy?
You can run a business while in bankruptcy in Michigan. However, depending upon the value of that business, you may need to […]
Category: Chapter 7 Banrkuptcy
What Is the Bankruptcy Estate?
The term “Bankruptcy Estate” is one that is thrown around a lot when you file for Chapter 7 or Chapter 13 bankruptcy […]
Can I Discharge My Lawsuit Judgment in Michigan Bankruptcy?
A lawsuit judgment can indeed be discharged in a Chapter 7 or Chapter 13 bankruptcy in Michigan. However, there are exceptions to […]
2022 Updates to the Federal Bankruptcy Exemptions
The Federal Bankruptcy Exemptions are provisions in the US Bankruptcy Code that allow you to protect most of your property in a […]
Is Bankruptcy a Last Resort, Really?
One of the most common misperceptions about filing bankruptcy in Michigan is that it is a last resort. It is a given, […]
Who Will Know I’ve Filed Chapter 7 or Chapter 13 Bankruptcy in Michigan?
Generally speaking, no one will know that you’ve filed bankruptcy in Michigan unless you tell them. However, there are exceptions to this […]
What Is the Bankruptcy 341 Meeting of Creditors?
The 341 Meeting of Creditors is a required hearing in Chapter 7 and Chapter 13 bankruptcy cases in Michigan. For many, the […]
Can I Discharge Taxes in Michigan Bankruptcy?
That you cannot discharge taxes is one of the most common bankruptcy myths in Michigan. In fact, you can discharge taxes in […]
Who Is the Chapter 7 Trustee?
The Chapter 7 Trustee is the individual assigned by the US Bankruptcy Court to administer the assets of the Bankruptcy Case. This […]
How Does the Chapter 7 Means Test Work?
The Chapter 7 Means Test is the mathematical formula and accompanying form that determines whether or not a person is eligible to […]