by Walter Metzen | Feb 12, 2021 | Michigan bankruptcy
One of the great advantages of discharging debt in bankruptcy over non-bankruptcy debt settlement or other such options is that a bankruptcy discharge is a non-taxable event under the U.S. Internal Revenue Service Code. What in the world does that mean? It means that,...
by Walter Metzen | Oct 14, 2020 | Bankruptcy Attorney in Michigan, Chapter 13 Bankruptcy, Michigan bankruptcy, Modify Chapter 13 bankruptcy plan payment
THE CONFIRMED CHAPTER 13 BANKRUPTCY PAYMENT PLAN: NOT ETCHED IN STONE The Chapter 13 bankruptcy process consists of 2 separate stages: (1) the “pre-Confirmation” stage; and (2) the “post-Confirmation” stage. When you initially file your Chapter 13 bankruptcy...
by Walter Metzen | Oct 3, 2020 | Automatic Stay, creditors calling after filing bankruptcy, Filing Bankruptcy in Michigan, Michigan bankruptcy
MICHIGAN CHAPTER 7 & CHAPTER 13 BANKRUPTCY: THE DISCHARGE INJUNCTION The discharge of debt received at the end of a successful Chapter 7 or Chapter 13 bankruptcy proceeding is one of the most powerful civil remedies available under US law. The “bankruptcy...
by Walter Metzen | May 10, 2020 | Chapter 7 Bankruptcy, Michigan bankruptcy, mortgage reaffirmation agreement and bankruptcy, Reaffirmation agreements
If you are a homeowner, you most likely have a mortgage and sometimes even a second mortgage or what is called a home equity line of credit or home equity loan. Unlike credit card debt or medical bills which are unsecured debt, meaning there is no collateral that is...
