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Financial Tips & Information

Are Parents sacrificing their own financial security to help adult children?

December 21, 2018April 6, 2023 Mike Shovan

Reliable facts and recent reports show that parents are spending billions on adult children. It’s getting very expensive for American parents to support their adult

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Discharge Student Loans

Can a Student Loan Creditor Compel Arbitration pursuant to contract provisions?

December 19, 2018March 30, 2023 Mike Shovan

The Bankruptcy Court in Indiana denied the student loan creditor’s motion to compel arbitration of the debtor’s dischargeability proceeding under Code § 523(a)(8). The Roth

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Bankruptcy & Student Loan Relief

Can I keep my securities license if I file bankruptcy?

December 18, 2018March 30, 2023 Mike Shovan

According to the Financial Industry Regulatory Authority (FINRA) By-Law, Article III, Section 4, filing for bankruptcy is not an event that would disqualify an individual

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Financial Tips & Information

Scammers are Attempting to Collect Past-due Tax Debts with Fake Letters

December 5, 2018April 6, 2023 Mike Shovan

Michigan taxpayers with past-due tax debts should be aware of a new scam making the rounds through the U.S. Postal Service, according to the Michigan

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Bankruptcy & Student Loan Relief

What does a Proof of Claim regarding an automobile have to show to allow for treatment as a secured claim?

November 1, 2017March 30, 2023 Mike Shovan

In a recent case before Judge Daniel S. Opperman, Chapter 13 Trustee, Thomas W. McDonald, Jr., objected to the Proof of Claim filed by the

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Bankruptcy & Student Loan Relief

What happens to my Federal Income Tax Refund after I file a Chapter 13 Bankruptcy and I still owe the IRS Pre-Petition Income Taxes?

June 6, 2016March 30, 2023 Mike Shovan

In the Eastern District of Michigan, Judge Opperman concluded that the IRS permitted to set off prepetition tax refunds against prepetition debts. However, the IRS

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Bankruptcy & Student Loan Relief

WHY REAFFIRM A MORTGAGE LOAN IN MICHIGAN?

April 5, 2016March 30, 2023 Mike Shovan

Entering into a reaffirmation agreement on a fixed term mortgage is not generally advised.  The vast majority of attorneys will advise their clients not to

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