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Attorney Mike Shovan (989)847-6030

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Year: 2010

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Bankruptcy & Student Loan Relief

Are student loans dischargeable in a Chapter 7 Bankruptcy in Michigan?

January 1, 2010March 30, 2023 Mike Shovan

As a general rule, student loans are not dischargeable. However, they can be discharged if you can show that the repayment of the student loans

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Bankruptcy & Student Loan Relief

What debts are not dischargeable under a Chapter 7 Bankruptcy in Michigan?

January 1, 2010March 30, 2023 Mike Shovan

Tax debts owed to the IRS or the State of Michigan are not dischargeable. Any debts incurred by fraudulent acts are also not dischargeable. Same

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Bankruptcy & Student Loan Relief

What is the difference between a Chapter 7 bankruptcy and a Chapter 13 bankruptcy in Michigan?

January 1, 2010March 30, 2023 Mike Shovan

 If you file a Chapter 7 Bankruptcy, your obligation to pay your creditors is permanently relieved. If you have the income to make payments over

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Bankruptcy & Student Loan Relief

I was raised to be an honest person and pay my debts. Won’t I be cheating my creditors if I file for Bankruptcy in Michigan?

January 1, 2010March 30, 2023 Mike Shovan

Bankruptcy is not about cheating your creditors. Bankruptcy laws were enacted to help people facing financial difficulty. The public policy behind the Bankruptcy law is

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