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Attorney Mike Shovan (989)847-6030

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Year: 2010

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Bankruptcy & Student Loan Relief

Bankruptcy and The Bible

April 1, 2010March 30, 2023 Mike Shovan

Bankruptcy and the Bible We live in a time like no other. Here in Michigan, many of us are struggling to just to keep up

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Is the debt canceled in a short sale treated as taxable income?

March 28, 2010March 30, 2023 Mike Shovan

The Mortgage Forgiveness Debt Relief Act of 2007 excludes canceled debts on your personal residence from being classified as income.This special, limited exception was extended

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Bankruptcy & Student Loan Relief

What’s the difference between the cancellation of a debt or the discharge of that same debt in a Michigan bankruptcy?

March 28, 2010March 30, 2023 Mike Shovan

The difference has huge tax implications. Discharged debt is not taxed as income to you – BUT canceled debt is treated as income and taxed.

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Bankruptcy & Student Loan Relief

Bankruptcies are on the rise in February of 2010

March 3, 2010March 30, 2023 Mike Shovan

The new law Congress passed to slow down bankruptcy filings is not working. All the new law does is impose unnecessary cost burdens on you.

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Do you offer free initial consultations?

February 14, 2010March 30, 2023 Mike Shovan

Free Michigan Bankruptcy Consultation Do we Offer a Free Consultaion? Yes.  Go over right now, fill out the contact form and we can get your

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Bankruptcy & Student Loan Relief

What is meant by the phrase “fresh start?”

February 14, 2010March 30, 2023 Mike Shovan

The “fresh start” concept allows you to free yourself from debt and engage in a newly productive life which is unimpaired by your past financial

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Bankruptcy & Student Loan Relief

What is the filing fee for filing a Chapter 7 bankruptcy?

February 14, 2010March 30, 2023 Mike Shovan

The fee for filing a petition is $299 and it is the same whether you file as a husband and wife or separately.

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