What is the Role of a Bankruptcy Trustee?
Reviewed by James Frego, Bankruptcy Attorney at Frego & Associates — 29+ years, 40,000+ cases, MI Bar #P55727. Key Takeaways A bankruptcy trustee is appointed by the U.S. Trustee (a Department of Justice official), not the judge, to administer your case. A Chapter 7 trustee sells non-exempt property and pays creditors. A Chapter 13 trustee […]
Is Tax Debt Exempt Under Chapter 7 Bankruptcy?
Tax Debt Chapter 7 bankruptcy helps people get rid of some debts. But what about money owed to the IRS? Many think tax debt cannot be erased in Chapter 7 bankruptcy. Some tax debts can be erased, but not all. Let’s talk about tax debt and Chapter 7 bankruptcy in Michigan. Getting Rid of Income […]
How to File Chapter 11 Bankruptcy in Detroit
The foreclosure notice is already on the desk. A supplier just froze your account, and payroll still clears on Friday. For a Detroit business owner backed into that corner, filing Chapter 11 can stop every one of those threats the same day the petition reaches the court. Detroit businesses have weathered years of economic pressure, […]
Can You Restore a Drivers License Through Bankruptcy in Michigan?
In Michigan, having a driver’s license isn’t just about convenience—it’s often necessary for daily life, from getting to work to accessing basic services. Yet, financial challenges can sometimes lead to license suspension, compounding existing difficulties. Bankruptcy offers a potential solution. Whether through Chapter 7 or Chapter 13, it can help manage debts and potentially restore […]
When Was My Saginaw Chapter 7 Bankruptcy Discharged?
When Does a Chapter 7 Bankruptcy Discharge Occur in Saginaw? In Saginaw, Michigan, a bankruptcy discharge occurs at the end of the Chapter 7 bankruptcy process, signaling the conclusion of the case and the potential elimination of the debts that led to the bankruptcy filing. Once the bankruptcy is filed, an automatic stay is immediately […]
Sterling Heights Bankruptcy Laws
Bankruptcy can be an intimidating process, but knowing the laws specific to your area can make the process smoother. If you’re in Sterling Heights and considering filing for bankruptcy, find out what you need to know right here. In 2023, 18,236 people filed Chapter 7 and Chapter 13 in Michigan. [1] Laws on Qualifying for […]
Bankruptcy Laws You Need to Know in Detroit
The objective of bankruptcy laws in Detroit, and broadly across the United States, is to provide a structured and fair system for individuals and businesses struggling with insurmountable debt. These laws aim to offer debtors a fresh start by discharging certain debts while ensuring that creditors receive an equitable share of the debtor’s available assets. […]
What Disqualifies You from Filing Bankruptcy in Detroit?
Reviewed by James Frego, Bankruptcy Attorney at Frego & Associates — 29+ years, 40,000+ cases, MI Bar #P55727. Key Takeaways Most “disqualifiers” don’t stop you from filing; they can delay or block your discharge (the order that wipes out the debt). Timing after a prior case: 8 years between Chapter 7 discharges, 2 years between […]
What Disqualifies You from Filing Bankruptcy in Sterling Heights?
When a person is unable to pay their debts, their creditors may initiate a collection process, which can be stressful and overwhelming for the debtor. Filing for bankruptcy, the debtor can put a halt to this collection process. Once bankruptcy is declared, an automatic stay is put in place, preventing creditors from pursuing further collection […]
How to File Chapter 7 Bankruptcy in Sterling Heights
Are you overwhelmed by debt and considering filing for Chapter 7 bankruptcy in Sterling Heights? Filing for bankruptcy is a serious decision that can have long-term implications on your financial situation. We offer here the steps involved to qualify for Chapter 7 bankruptcy before proceeding with the process. Credit Counseling Course A credit counseling course […]