Which Exemption Laws Apply in a Chapter 7 Where the Debtor Moved to Michigan from Florida Before Filing? (Part 3 of 3)

September 5th, 2022 by

Recall in part 1 and part 2 of this article that Joe is a former Florida resident who moved to Michigan and then filed chapter 7 bankruptcy. Under the bankruptcy code, Florida is considered to be his domicile because he lived in Florida for the 180-day period preceding the 730-day period preceding the filing of […]

Which Exemption Laws Apply in a Chapter 7 Where the Debtor Moved to Michigan from Florida Before Filing? (Part 2 of 3)

August 16th, 2022 by

Recall in Part 1 of our Chapter 7 Bankruptcy blog series that “Joe” is a former Florida resident who filed chapter 7 after he moved to Michigan. Under the bankruptcy code, Florida was considered to be his domicile because he lived in Florida for the 180-day period preceding the 730-day period preceding the filing of […]

WHICH EXEMPTION LAWS APPLY IN A CHAPTER 7 WHERE THE DEBTOR MOVED TO MICHIGAN FROM FLORIDA BEFORE FILING? (PART 1)

September 15th, 2018 by

People often think that chapter 7 cases are easy, straight forward and uncomplicated. It’s easy, right? An attorney just buys a computer software bankruptcy program, inputs some information, files the case, goes to the 341 hearing and then waits for the discharge order. While I certainly don’t turn down simple cases, I do come across […]

FILING BANKRUPTCY VERSUS USING CREDIT COUNSELING

September 15th, 2018 by

Your back is against the wall. You have tried to pay your bills on time and service your debt but you simply do not make enough money to do both. Now, you have creditors who have placed some of your accounts in collection and your gut tells you that the situation isn’t going to get […]

THE CURE FOR THE HOLIDAY DEBT HANGOVER

September 15th, 2018 by

“The holidays only come around once a year.” “They would really love this gift…it will only cost a little more.” “I’m sure that my creditors take the holidays off too, so that buys me some extra time to make a payment.” At one point, or another, we have all made these types of excuses that […]

CHAPTER 11 BUSINESS BANKRUPTCY IN MICHIGAN

September 15th, 2018 by

It’s tough running a business and even tougher to keep a business profitable. Business owners throughout Michigan navigate the delicate balance of profitability on a monthly, weekly, and even daily basis. In some situations, the accumulation of business debt overcomes a business’s ability to generate income, and in that particular situation, Chapter 11 bankruptcy should be given […]

WAYS FILING BANKRUPTCY CAN ELIMINATE INCOME TAX LIABILITY

September 15th, 2018 by

It’s a total myth that a properly executed bankruptcy cannot provide relief from an individual’s income tax liabilities. In fact, a chapter 7 bankruptcy can greatly assist with income tax problems in certain limited situations. Let’s explore below how a bankruptcy can discharge (wipe out) personal income tax liabilities in the following scenarios and situations: SOME IMPORTANT […]

DEFEND YOURSELF AGAINST WAGE AND TAX GARNISHMENTS

September 15th, 2018 by

Imagine receiving your next paycheck and learning that 25% of it has gone missing! Then, imagine learning that the reason for the missing money from your paycheck was because your wages are being garnished. What do you do then? Your paycheck (wages) and tax refunds can be garnished by creditors that have sought and won […]

FACTORS THAT CONTRIBUTE TO RETAIL BUSINESS BANKRUPTCY

September 15th, 2018 by

Owning and operating a business is tough. Customer expectations coupled with their buying patterns and strong competition all have a dramatic impact on the bottom line of a business. Let’s explore in further detail how some of these factors truly impact a business: CUSTOMER BUYING PATTERNS AND CONVENIENCE The vastness of the internet means that […]

MISLED ABOUT YOUR BANKRUPTCY CASE?

September 15th, 2018 by

The process of working with an attorney to guide you through the bankruptcy process involves placing your trust and confidence in them. Unfortunately, not all attorneys are equally skilled in navigating the bankruptcy process and bankruptcy laws. This reality has resulted in some cases not producing the outcome that the client expects and they end […]