August, 2011 - Bankruptcy, Student Loan Relief & Estate Planning

What kind of issues would you consider when trying to decide whether to convert a Chapter 13 to a Chapter 7 bankruptcy vs dismissing the Chapter 13 and refiling a new chapter 7?

There are a number of factors that must be taken into consideration including the following: 1. Time since prior discharge. 2. The Means Test. 3.

Under MCL 600.5809(3), a judgment from a Michigan court is good for 10 years. A judgment can, however, be renewed for an additional 10-year period.