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Attorney Mike Shovan (989)847-6030

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Year: 2011

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Bankruptcy & Student Loan Relief

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

May 15, 2011March 30, 2023 Mike Shovan

The biggest difference between a Chapter 7 and a Chapter 13 is that in a 13 you repay a portion of your unsecured debt. In

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Bankruptcy & Student Loan Relief

What are the new median income levels in Michigan effective March 15, 2011?

April 27, 2011March 30, 2023 Mike Shovan

Effective March 15, 2011, the Median Income figures for Michigan will change as follows: 1 person:           $42,562 UP FROM         $41,875. 2 persons:         $50,738

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What happens if I get sued by a creditor?

March 28, 2011 Mike Shovan

If you get sued by a creditor, you have to be aware of some basic civil procedure rules. The first thing to do is to

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Bankruptcy & Student Loan Relief

Has the “New Law” been effective in reducing the number of bankruptcies filed in Michigan?

March 1, 2011March 30, 2023 Mike Shovan

Absolutely not. Leave it to the US Congress to just muck up the process with ridiculous course requirements that teach you nothing and a means

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Bankruptcy & Student Loan Relief

What happens if I inherit assets or money or property after I file for bankruptcy in Michigan?

March 1, 2011March 30, 2023 Mike Shovan

If you inherit assets within 180 days of filing for bankruptcy in Michigan, those assets become part of your bankruptcy estate. Make sure that you

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Bankruptcy & Student Loan Relief

What happens if I get divorced after I file for bankruptcy in Michigan?

March 1, 2011March 30, 2023 Mike Shovan

If you get divorced within 180 days of filing for bankruptcy in Michigan, any property that you acquire through a property settlement agreement becomes property

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Bankruptcy & Student Loan Relief

Can I recover money that was garnished before I filed for bankruptcy?

March 1, 2011March 30, 2023 Mike Shovan

Yes. You can demand that a creditor return any money that is garnished within 90 days of your filing for bankruptcy. The creditor’s taking of

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