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Posted by: Walter Metzen
How Much Does It Cost to File Bankruptcy?
Everyone preparing to file for bankruptcy wants to know the cost. After all, bankruptcy usually comes at a time when money is tight. Below, we’ll talk about filing fees, attorney fees, the cost of filing on your own versus filing with an attorney, and what your expected total bankruptcy cost might be. ContentsFiling Fees and…
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Posted by: Rob Cohen
Why Can Credit Card Companies Charge Such High Interest Rates?
How Can Credit Card Companies Charge Such High Interest Rates? Usury is defined as the act of lending money at an unreasonably high rate of interest. The practice is frowned upon almost universally and yet credit card companies continue to charge outrageous interest rates. How do they get away with it? At many points in…
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Posted by: Rob Cohen
Will a Chapter 13 Plan Look Better on My Credit Report Than Chapter 7?
Many people find it difficult to choose between Chapter 7 or Chapter 13 bankruptcy. Both have their advantages and disadvantages depending on your financial situation, but which one stays on your credit report longer? Does Chapter 13 look better to creditors long term as you try to improve your credit score? The short answer to…
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Posted by: Walter Metzen
How Can a Chapter 13 Plan Be Modified Post-Confirmation in the Eastern District of Michigan?
Chapter 13 of the Bankruptcy Code provides for the adjustment of an individual’s debts, when the individual has regular income, by allowing the debtor to keep property and pay debts over time (usually three to five years) pursuant to a Plan. For information on Chapter 13 generally, see this site. In these uncertain economic times,…
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Posted by: Walter Metzen
Denial of Discharge Due to Fraudulent Concealment of Property
The Sixth Circuit Court of Appeals has ruled on a debtor’s denial of discharge due to the Debtor fraudulently concealing property. A finding of fraudulent concealment must show that the debtor fraudulently concealed property of the Estate after the date of the filing of the Petition. The case In re: Doneta M. Beckham , the…
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Posted by: Rob Cohen
The Bankruptcy Discharge is the Key to Rebuilding Your Credit
ContentsThe Goal of Bankruptcy is to RebuildWhich Type of Bankruptcy Will Rebuild My Credit Faster?The Discharge is the Most Important Step Towards Obtaining Your Fresh StartWhen Will I Receive My Discharge? The Goal of Bankruptcy is to Rebuild Anyone filing for Bankruptcy is in financial pain, and the need to rehabilitate financially, to return to…
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