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Bankruptcy & Student Loan Relief

How is the value of property that you want to redeem under 722 determined?

January 15, 2013March 30, 2023 Mike Shovan

If you file a Chapter 7, you have the option to redeem tangible personal property that is subject to a secured claim by paying that

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Financial Tips & Information

The Mortgage Forgiveness Debt Relief Act and Debt Cancellation is Extended throught 2013!

January 3, 2013April 6, 2023 Mike Shovan

Congress did one thing right in their last minute wranglings over the federal budget and their efforts to avoiding falling over the fiscal cliff –

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Bankruptcy & Student Loan Relief

Is filing for Bankruptcy wrong – or is it a sin?

December 31, 2012March 30, 2023 Mike Shovan

The short answer is no. The Bankruptcy laws are mandated by the US Constitution. The purpose of bankruptcy is to allow you to get a

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Bankruptcy & Student Loan Relief

How is the Value of an Automobile determined if you want to Redeem your Auto in a Chapter 7 or “Cram it Down” in a Chapter 13 Bankruptcy?

December 9, 2012March 30, 2023 Mike Shovan

Under the Bankruptcy Code, the value of personal property is determined under § 506(a)(2) which provides: If the debtor is an individual in a case

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Bankruptcy & Student Loan Relief

How Can a Chapter 13 Bankruptcy Help Me With My Real Estate Taxes?

November 21, 2012March 30, 2023 Mike Shovan

If you are behind on your real property taxes and in danger of forfeiting your house or on the brink of foreclosure, filing a Chapter

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Bankruptcy & Student Loan Relief

What Happens to Utility Expenses that You Accrue After You File a Chapter 7 or a Chapter 13 Bankruptcy?

November 20, 2012March 30, 2023 Mike Shovan

§366 of the Bankruptcy Code governs matters relating to Utility companies, like Consumers, Bay City Power & Light and DTE. Typically, the utility company will

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Bankruptcy & Student Loan Relief

Chapter 13 Trustee Best Practice For Mortgage Arrearage Claims for Chapter 13 Bankruptcy in Michigan

November 18, 2012March 30, 2023 Mike Shovan

Mortgage Servicers frequently inflate their pre petition arrearages, including interst and penalty charges, in Chapter 13 proceedings. The Mortgage Committee of the National Association of

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