Chapter 7

Recent Posts in Chapter 7

  • 18-Jan-2018

    Chapter 7 Means Test - What You Need to Know

    Chapter 7 bankruptcy allows you to discharge certain unsecured debts, such as credit card debt and medical bills. When you file for Chapter 7, you are basically saying that you don’t have enough income to pay off your debts. Known as ...
  • 24-Mar-2016

    What is Chapter 7 Bankruptcy?

    Having an unmanageable financial debt can be overwhelming. If you’re thinking of filing for bankruptcy, you may want to explore which bankruptcy chapter is best for you. Our Detroit bankruptcy attorneys can help you understand if filing for ...
  • 5-Oct-2015

    Benefits of Chapter 7 Bankruptcy

    For those unable to manage their debt, bankruptcy is a means of restructuring it such that some of your assets can be sold off to pay down your debts and can make further payments more manageable. While filing for bankruptcy is a very significant ...
  • 10-Sep-2014

    How Long Does a Chapter 7 Case Last?

    If you are trapped in debt and your income is below the median, you may be able to file for Chapter 7 bankruptcy. This process will allow you to eliminate certain types of debt and resume life without the stress caused by years of accumulated debt. ...
  • 18-Mar-2014

    If I Cannot Pass the Means Test, Can I Still File for Bankruptcy?

    One of the most common misconceptions people have about bankruptcy is that they will be unable to file for bankruptcy if they cannot pass the means test. That is simply not true. Bankruptcy is available to almost any individual who wants to clean ...
  • 21-Feb-2014

    What do I need to do to file for Bankruptcy?

    Filing for bankruptcy is one of the ways in which an individual can be given a fresh financial start so as to move on with his or her life unencumbered by an overwhelming amount of debt. If you are considering filing for bankruptcy, you may be ...
  • 14-Jan-2014

    In Chapter 7, What Debts Can I Discharge And What Assets Can I Keep?

    If you have far more debt than your current income allows, you have fallen behind on your financial obligations, you have creditors harassing you for payment, you are at risk of losing your home or vehicle, and you see no light at the end of the ...
  • 15-May-2013

    Parents of Former Michigan Brewing Co. Founder Lose Their Home, and Face Untimely Financial Ruin, After Son Files for Bankruptcy

    When Michigan Brewing Co. founder, Bobby Mason, recently filed for Chapter 7 bankruptcy, to liquidate his estimated $8 million dollars worth of liabilities, which he owed to close to 400 creditors, he also put his parents in a desperate position, ...
  • 19-Apr-2013

    Tips for Rebuilding Your Credit after Bankruptcy

    While bankruptcy offers debtors a fresh start, it's vitally important that they begin focusing on establishing healthy spending habits and rebuilding their credit as soon as possible. For debtors who filed a Chapter 7 bankruptcy, they can begin ...
  • 5-Apr-2013

    Michigan Brewing Co. Founder Files Consumer Bankruptcy

    The Michigan microbrewer Bobby Mason, founder of Michigan Brewing, Co., of Webberville has filed for Chapter 7, the debt liquidation bankruptcy, listing his assets at $3,236 and his liabilities at over $8 million dollars. Bobby Mason, from rural ...

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