How to File Chapter 11 Bankruptcy in Sterling Heights
Sterling Heights Chapter 11 Bankruptcy When you look for bankruptcy options, chapter 11 offers a smoother transition and continuity of operations, minimizing disruptions to the business and preserving its value. Chapter 11 bankruptcy allows you to remain in control of your assets and operations, known as the “debtor in possession” principle. This means you continue […]
Barbeque Chain Bankruptcy in Michigan
The Barbeque Chain Bankruptcy Dickey’s Barbeque Pit in Michigan is the latest casualty in the barbeque chain bankruptcies in Michigan. The chain which sold delicious slow-cooked meat over the counter was a huge hit with meat lovers. This bankruptcy comes in the wake of a new trend in the restaurant industry affecting the Midwest. Prior […]
What to Expect in a Meeting of Creditors
The 341 Hearing When you file for Chapter 7 or Chapter 13 Bankruptcy, the first step is the meeting of creditors. This is also known as 341 hearing. In this meeting, the lawyers, a trustee, and creditors discuss your bankruptcy petition. The 341 hearing or meeting of creditors is supervised by the trustee. Purpose of […]
Protecting Retirement Savings in Bankruptcy in Detroit
Reviewed by James Frego, bankruptcy attorney at Frego & Associates. Key Takeaways 401(k)s, 403(b)s, and pensions are protected in full in both Chapter 7 and Chapter 13, with no dollar limit, because they are ERISA-qualified. Traditional and Roth IRAs are protected up to a combined $1,711,975 per person for cases filed April 1, 2025 through […]
Can Student Loans be Discharged in Bankruptcy?
Reviewed by James Frego, bankruptcy attorney at Frego & Associates. Key Takeaways Student loans can be discharged in bankruptcy, but you must prove that repaying them would cause “undue hardship.” Since November 2022, new Department of Justice and Department of Education guidance has made discharge of federal student loans fairer and more accessible. Most courts […]
How to File Chapter 7 Bankruptcy in Detroit
Filing Chapter 7 Bankruptcy in Detroit Filing for Chapter 7 bankruptcy requires careful planning and preparation to ensure a smooth and successful process. By following several steps, you can ensure that your bankruptcy petition is accurately and efficiently processed, helping you to achieve a fresh start in your financial life. 1. Evaluating your financial status […]
Can You File Bankruptcy Without an Attorney in Michigan?
The bankruptcy process in Michigan can be complex and overwhelming, especially if pursued without the guidance of an attorney. For those who do not have the financial means to hire legal representation, it is possible, but not preferable to navigate this process independently. The Bankruptcy Process in Michigan The first step in the bankruptcy process […]
Do Chapter 13 Trustees Monitor Credit Reports?
Do Chapter 13 Trustees Monitor Credit Reports? Chapter 13 bankruptcy is primarily often used by wage earners who are struggling to pay off their credit card debt. It provides a payment plan to pay the creditors off over a period of time so they can eventually be debt-free. When Chapter 13 is filed, a trustee […]
Sole Proprietorship and Bankruptcy in Michigan
Written by James Frego, Bankruptcy Attorney at Frego & Associates · Michigan Bar #P55727 · Updated August 5, 2026 One slow season shouldn’t cost you your house. But in Michigan, if you run your business as a sole proprietor, it legally can. In the eyes of the law, you and your business are the same […]
Do Bankruptcies Show Up on Background Checks in Michigan?
Are you considering filing for bankruptcy in Michigan? One common concern that individuals have is whether bankruptcies will appear on their background checks and impact their future opportunities. Let’s look into this together. Does A Bankruptcy on a Background Check Matter in Michigan? In Michigan, the inclusion of bankruptcy information on a background check depends […]