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Bankruptcy & Student Loan Relief

What happens if I file a Chapter 7 bankruptcy in Michigan and I discharge the debt underlying my mortgatge?

February 15, 2011March 30, 2023 Mike Shovan

Just because the debt was written off does not mean they will release the mortgage.  Michigan law (MCLA 600.3175(1)) provides: (1) When a recorded mortgage

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Bankruptcy & Student Loan Relief

The trend for foreclosures and bankruptcy filings in Saginaw Michigan is not good.

February 6, 2011March 30, 2023 Mike Shovan

The Saginaw News reported today that mortgage foreclosures in Saginaw County rose to 1000 in 2010. Foreclosures for 2009 were 740 and 1130 for 2008.

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Bankruptcy & Student Loan Relief

What happens if you file a Chapter 13 Plan and you need your income tax refund to cover unexpected expenses or repairs?

January 27, 2011March 30, 2023 Mike Shovan

I file several plan mod’s a year to keep tax refunds, and have yet to have a major issue.  In each case I have clear

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Bankruptcy & Student Loan Relief

Bankruptcy: An Overview with FAQ’s

January 23, 2011March 30, 2023 Mike Shovan

What is bankruptcy? Bankruptcy is the most sophisticated financial planning tool available to consumers. It’s not about cheating your creditors–it’s really about being a responsible

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Bankruptcy & Student Loan Relief

12 Factors to Consider in Deciding Whether You Can Keep Your House

November 29, 2010March 30, 2023 Mike Shovan

1. Why did you get behind in your mortgage? Was it because of a temporary issue (sudden illness that you have recovered from) or some

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Bankruptcy & Student Loan Relief

Michigan Median Income Levels Change on November 1, 2010

October 25, 2010March 30, 2023 Mike Shovan

The “New” Bankruptcy law from 2005 establishes a median income to determine whether you can file a Chapter 7 or whether you have to consider filing

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Bankruptcy & Student Loan Relief

The Bankruptcy Checklist

September 25, 2010March 30, 2023 Mike Shovan

Bankruptcy is a planning process which requires the disclosure of any and all documents and other information relating to your financial situation. Here is a

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