Effective April 1, 2010, the federal exemptions that you can use in your Michigan bankruptcy have changed. Exemptions are dollar allowances for real and personal
Author: Mike Shovan
This is a short entry on who should file chapter 7 bankruptcy in Michigan and why. Chapter 7 bankruptcy is unique in couple very significant
Is strategic default a good strategy for Michigan foreclosures? I recently saw a piece on 60 Minutes talking about a process called “Strategic Default.” With
This is a story I received from a client who retained my services for a Michigan chapter 7 bankruptcy. I don’t usually post personal stories
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
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
The difference has huge tax implications. Discharged debt is not taxed as income to you – BUT canceled debt is treated as income and taxed.