by Walter Metzen | Oct 26, 2021 | Reaffirmation agreements, reaffirmation of car note
In Chapter 7 bankruptcy, you are required to disclose your intent to retain or surrender a car or other vehicle for which you are still making payments. If you surrender a car, this is simple enough. The Chapter 7 discharges your obligation to...
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...
by Walter Metzen | May 5, 2015 | Bankruptcy, Reaffirmation agreements
What will happen to my debt, my monthly bills when I file Bankruptcy? When you file a bankruptcy, a Court order automatically goes into effect that keeps your creditors from legally collecting from you (the automatic stay). Later, when you are granted a bankruptcy...
by Walter Metzen | Dec 2, 2013 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Detroit Bankruptcy attorney, Detroit Bankruptcy Blog, Michigan Bankruptcy Attorney, Reaffirmation agreements
Credit Unions and Bankruptcy in Michigan As a Michigan bankruptcy attorney, I have noticed that my bankruptcy clients love their credit unions. They often have been with the credit union a long time and may even have developed some personal relationships...
by Walter Metzen | Jul 1, 2013 | Chapter 7 Bankruptcy, Detroit Bankruptcy Blog, Reaffirmation agreements
What is a reaffirmation agreement in bankruptcy? Immediately upon filing a bankruptcy petition in Michigan, whether it is a Chapter 7 or a Chapter 13 bankruptcy case, the automatic stay goes into effect. The Automatic Stay in bankruptcy stops all...
