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Archives for December 2009

Can I use my credit cards for Christmas presents if I am planning on filing a Bankruptcy in Michigan in the New Year?

The answer is no. If you use your credit card(s) to purchase Christmas presents or other holiday gifts you risk not being able to discharge that debt. If the credit card company finds out that you used the card without intending to repay the debt, the credit card company can object to the discharge of…

Do I have to give up my house and all of my other property and assets if I file for Bankruptcy in Michigan?

The short answer is NO! The Bankruptcy law provides that a debtor filing for bankruptcy can keep certain assets for a “fresh start” by exempting property from the  bankruptcy estate. See my related post titled “What are the bankruptcy exemptions.” If you have any questions about Bankruptcy in Michigan, call the law office of Michael J…

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