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Year: 2012

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Bankruptcy & Student Loan Relief

Is filing for Bankruptcy wrong – or is it a sin?

December 31, 2012March 30, 2023 Mike Shovan

The short answer is no. The Bankruptcy laws are mandated by the US Constitution. The purpose of bankruptcy is to allow you to get a

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Bankruptcy & Student Loan Relief

How is the Value of an Automobile determined if you want to Redeem your Auto in a Chapter 7 or “Cram it Down” in a Chapter 13 Bankruptcy?

December 9, 2012March 30, 2023 Mike Shovan

Under the Bankruptcy Code, the value of personal property is determined under § 506(a)(2) which provides: If the debtor is an individual in a case

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Bankruptcy & Student Loan Relief

How Can a Chapter 13 Bankruptcy Help Me With My Real Estate Taxes?

November 21, 2012March 30, 2023 Mike Shovan

If you are behind on your real property taxes and in danger of forfeiting your house or on the brink of foreclosure, filing a Chapter

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Bankruptcy & Student Loan Relief

What Happens to Utility Expenses that You Accrue After You File a Chapter 7 or a Chapter 13 Bankruptcy?

November 20, 2012March 30, 2023 Mike Shovan

§366 of the Bankruptcy Code governs matters relating to Utility companies, like Consumers, Bay City Power & Light and DTE. Typically, the utility company will

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Bankruptcy & Student Loan Relief

Chapter 13 Trustee Best Practice For Mortgage Arrearage Claims for Chapter 13 Bankruptcy in Michigan

November 18, 2012March 30, 2023 Mike Shovan

Mortgage Servicers frequently inflate their pre petition arrearages, including interst and penalty charges, in Chapter 13 proceedings. The Mortgage Committee of the National Association of

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Bankruptcy & Student Loan Relief

When is a Creditor entitle to a copy of your Income Tax Return when you file Bankruptcy in Michigan?

November 18, 2012March 30, 2023 Mike Shovan

Under the provisions of Bankruptcy Code amendments of 2005, you are required to provide a copy of your tax return to any creditor who requests

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Discharge Student Loans

Student Loans: The Shattered Dream of Education in America

November 9, 2012March 30, 2023 Mike Shovan

The Next Financial Crisis Is Upon Us For many, a college education is one very important part of achieving the American dream. Post-graduate degrees have

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