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Myths and Truths About Chapter 7 Bankruptcy, Part V
(Legal Series: Read the previous parts at www.lickerlawfirm.com) Myth: A Chapter 7 bankruptcy will prevent a foreclosure or repossession. Truth: A Chapter 7 bankruptcy will not prevent a foreclosure or...
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Will My Friends and Neighbors Know If I File Bankruptcy?
by Michigan Bankruptcy Attorney John Hilla Concern for one’s reputation is one of the most widely expressed misgivings that potential clients want to talk about when we initially meet to explore the...
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Will I Lose my Stuff if I File for Bankruptcy?
Potential clients come to me with a wide variety of notions about how their assets are affected by the filing of a Chapter 7 or Chapter 13 bankruptcy. Some people are under the impression that they are...
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Why The Theory That Americans Are Too Broke To Go Bankrupt Is A Very...
I am writing this piece in response to an article entitled Americans: Too Broke To Go Bankrupt by Blake Ellis | CNNMoney.com published on Mon, May 7, 2012 6:55 AM EDT. See...
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Can i have too much debt to file a Chapter 7?
One of the biggest myths is can i have too much debt to file a Chapter 7? Contrary to what some might think the answer is no. The Bankruptcy Code does not impose a limit on Chapter 7 debts because...
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Do You Really Need a Good Credit Score?
A older potential client comes into the office to discuss bankruptcy. After analyzing the client’s situation, I explain what bankruptcy can do for them. The client will lament that their credit score...
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