Lien stripping is a way of eliminate second mortgage and/or home equity lines. With the decline in housing values, lien stripping has becomes more prevalent in Chapter 13 bankruptcy filings. A lien strip allows us to transform a secured second …
The 3 Reasons Most People File for Bankruptcy
You don’t have to be psychic to know why you are in our office. Most people are not “deadbeats” or “people who just spend too much” they aren’t “immature and irresponsible”. Bad stuff happens to good people. Plain and simple. …
You retained our office for bankruptcy. What’s next?
So you have retained our office for bankruptcy. What happens next? When you retain with our office you will be given some information. Most importantly you will receive the homework package, a document checklist, and credit counseling information. The homework …
How Soon Can I File Bankruptcy Again?
We get asked this all the time. There are a series of time constraints on when you can file another bankruptcy if you have had successfully discharged bankruptcy. Here’s how it goes: From date of FILING Chapter 13 to Chapter …
I Need A Cheap Detroit Bankruptcy Attorney!
I’m Broke! I Need a Cheap Bankruptcy Lawyer ! I Know everyone price shops, heck I do too but lets put price shopping your bankruptcy attorney in perspective. If you needed heart surgery would you price shop the doctor you …
What is the “Automatic Stay”?
If you haven’t filed or had a case dismissed in the last year then when you file for bankruptcy, you receive immediate protection from creditors through a special court order known as the bankruptcy automatic stay. Think of it as …
Required Debtor Education
Once your bankruptcy has been filed you (and your spouse if you file jointly) are required to take a course in “Debtor Education” from an approved agency before you will receive your discharge. A List of the approved Debtor Education …
Required Credit Counseling and Debtor Education
Before you can file for Chapter 7 or Chapter 13 bankruptcy, you must complete a credit counseling course from an approved agency. Here is a list of the approved agencies. The Certificate of Credit Counseling expires after 180 days and …
What is a reaffirmation agreement?
Even if a debt can be discharged, you may have special reasons why you want to promise to pay it. For example, you may want to work out a plan with the bank to keep your car. To promise to …
Bankruptcy Information
You can choose the kind of bankruptcy that best meets your needs (provided you meet certain qualifications): Chapter 7 – A trustee is appointed to take over your property – you can think of them as protecting the best interest …