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Bankruptcy & Student Loan Relief

5 Things You Must Understand About Your Bankruptcy

November 4, 2013March 30, 2023 Mike Shovan

Bankruptcy provides the benefit of allowing you to walk away from a huge amount of debt and other obligations that you cannot afford. You are

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Bankruptcy & Student Loan Relief

What Needs to Happen Before I Get Credit After My Chapter 7 Bankruptcy?

October 14, 2013March 30, 2023 Mike Shovan

The first thing that needs to happen is get your discharge. Keep a copy of your Discharge Order with your important papers – this is

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Bankruptcy & Student Loan Relief

How is a Chapter 13 plan payment determined?

June 30, 2013March 30, 2023 Mike Shovan

The primary difference between Chapter 7 bankruptcy and Chapter 13 is that under Chapter 13, the debtor(s) is required to make payments for the benefit

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Bankruptcy & Student Loan Relief

Bullock Court Clarifies the term: “Defalcation” in the Bankruptcy Context

May 15, 2013March 30, 2023 Mike Shovan

In Bullok v Bankchampaign NA, the US Supreme Court clarified the term “defalcation” as that term is used in 11 USC 523(a)(4) which provides that

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Bankruptcy & Student Loan Relief

US Bankruptcy Judge Opening

April 29, 2013March 30, 2023 Mike Shovan

The Sixth Circuit Judicial Council is soliciting applications from persons interested in appointment as United States Bankruptcy Judge for the Eastern District of Michigan at

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Bankruptcy & Student Loan Relief

New Median Income Data will be used beginning April 1, 2013

March 25, 2013March 30, 2023 Mike Shovan

Effective April 1, 2013, new median income data will be used for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy proceedings. Remember that means testing is

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Bankruptcy & Student Loan Relief

What is a “Transfer” and how does it affect your “Chapter 7 Bankruptcy”?

March 11, 2013March 30, 2023 Mike Shovan

With every initial consultation,  I always ask about whether you transferred any interest in any property. What I am really trying to find out is

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