Just about every single one of our married bankruptcy clients filing individually ask us how the bankruptcy will affect a non-filing spouse. In Michigan, the answer is generally not at all. The spouse of a bankruptcy filer will have to do some leg work, account for income and expenses, provide pay stubs for the seven […]
City of Southfield Family Fun and Safety Night
SOUTHFIELD, MICHIGAN – On Wednesday, June 26, the City of Southfield, MI will host a Family Fun and Safety Night. They will have many activities for all ages and local organizations will be on hand. This free event will offer something for the entire family, including: karate, soccer, football, cheerleading and L.A. Fitness clinics, children’s […]
Sixth Circuit Rules IRA with Cross-Collateralization Provision Still Exempt Under Bankruptcy Code
Yesterday, the Sixth Circuit Court of Appeals made a favorable ruling for bankruptcy debtors in the case of Daley v. Mostoller. Generally speaking, the assets in an individual retirement account are off limits from tax collectors and creditors in bankruptcy. Yet if the owner of a retirement account uses it in a prohibited way, the […]
When Should I Tell My Creditors I am Filing for Bankruptcy?
If you have already retained a bankruptcy attorney, you should discuss how his/her particular office handles contact with creditors prior to the filing of a bankruptcy. There may be specific reasons for disclosing or not disclosing this information depending on the type of debt and the time-frame for filing your bankruptcy case. For most run-of-the […]
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