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Bankruptcy & Student Loan Relief

How do I know if filing Bankruptcy in Michigan is the right thing for me to do?

December 21, 2009March 30, 2023 Mike Shovan

You want to carefully consider your options before you make a decision to file a Bankruptcy in Michigan. You will want to review the free

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Bankruptcy & Student Loan Relief

What happens when I file for Bankruptcy in Michigan?

December 21, 2009March 30, 2023 Mike Shovan

When you file your bankruptcy petition in Michigan, an “automatic stay” goes into effect. The “automatic stay” prohibits and stops any action against you to

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Bankruptcy & Student Loan Relief

How do I pick a good lawyer for my Bankruptcy in Michigan?

December 18, 2009March 30, 2023 Mike Shovan

The most important thing in dealing with any lawyer is there response time. Do they return your calls promptly – within 24 hours or by

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Bankruptcy & Student Loan Relief

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

December 18, 2009March 30, 2023 Mike Shovan

NO! Under the Bankruptcy law you are entitled to keep certain assets for a “fresh start”. These assets or interests are called exemptions and here

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Bankruptcy & Student Loan Relief

What famous people have filed bankruptcy?

December 18, 2009March 30, 2023 Mike Shovan

Many famous people have filed for bankruptcy relief.

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Bankruptcy & Student Loan Relief

If I am working on a loan modification, will that stop the foreclosure process?

December 15, 2009March 30, 2023 Mike Shovan

The answer is no. Your bank can proceed with a foreclosure even if you are working on a loan modification. You may have to consider

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Bankruptcy & Student Loan Relief

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

December 15, 2009March 30, 2023 Mike Shovan

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

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