When Michigan residents find themselves struggling to pay their debts, they may explore many options. Perhaps one of the riskiest paths they can take is dealing with a debt settlement company. While there may be some of these companies that are trustworthy, it is...
A DUI arrest puts a truck driver’s livelihood at risk
The state of Michigan does necessarily consider a “normal” driver legally drunk until his or her blood alcohol concentration reaches 0.08%. However, if an individual has a commercial driver’s license, that legal limit for a DUI arrest drops dramatically since the...
Bankruptcy exemptions may protect assets
Many in Michigan hesitate to seek debt relief through bankruptcy because they believe certain myths about the process. This may mean they continue to struggle with a burden of debt from which they may never find relief. One common misconception about bankruptcy is...
It could be a mistake to simply pay a traffic ticket
Every day here in Michigan and elsewhere, someone gets pulled over and receives a citation for failing to follow the rules of the road. If you are one of the unlucky ones, and like most drivers, you do not consider a traffic ticket to be a big deal. However, that...
Are you at risk of vehicle repossession?
When someone in Michigan is struggling to make payments on a vehicle loan, it can be devastating to discover that the lender has repossessed the vehicle. In fact, the mere threat from a lender may lead a car owner to take drastic measures to avoid the humiliation and...
What is too much credit card debt?
When it comes to credit card debt, there is no magic number that society considers too much. Some in Michigan may use their credit cards only for emergencies, but others find it a convenient way to manage their budgets. What may be a comfortable amount for one person...
MSP says breath testing machines are working again
At the beginning of the year, the state of Michigan took all 203 of its alcohol breath testing machines used at jails and police stations, not the ones used for roadside tests, out of service. These are the machines that provide the results prosecutors seek to use in...
When is Filing Chapter 13 Bankruptcy Best?
Sometimes Chapter 13 bankruptcy is the only option for you – if you are not eligible for Chapter 7 bankruptcy, because you did not pass the “means test.” (See Qualifying for Chapter 7 HERE) And, under some circumstance, Chapter 13 bankruptcy may be better option for...
Chapter 7 Bankruptcy FAQs
Do I have to “Qualify” for Chapter 7 Bankruptcy? Yes. There are specific criteria set under the bankruptcy rules for determining if you “qualify” to file Chapter 7. If you do not qualify, though, you can usually qualify to file Chapter 13. In Chapter 7 bankruptcy...
What Property Can I Keep if I file Chapter 7 Bankruptcy?
Chapter 7 allows you to “wipe out” most of your debt. However, in the process of doing this, Chapter 7 also requires “liquidation.” This means that some of your property must be sold, and the money from the sale is used to pay back the debtor’s creditors. Chapter 7...