Bankruptcy Basics

Do you have an investment in a company that has recently filed for chapter 11 bankruptcy protection? Or are you researching a potential investment in a company that recently filed for chapter 11? Learn about how to follow these companies’ bankruptcy cases to protect your interests. To help, we’ve prepared the following presentation: The Top [...]

Did your employer recently file for chapter 11 bankruptcy protection? Learn about how to follow the company’s bankruptcy case to protect your interests. To help, we’ve prepared the following presentation: The Top 10 Chapter 11 Bankruptcy Case Pleadings to Watch for Employees Plus Bonus Tips for Protecting Your Interests When Your Employer Files for Bankruptcy

Your Current Monthly Income Affects Eligibility for Chapter 7 Bankruptcy The term “current monthly income” (CMI) is an important concept in bankruptcy that courts use in several “bankruptcy tests”. For example, your “current monthly income” is important because it can effect whether you are eligible to file in a Chapter 7 bankruptcy, and in a [...]

Feeling Guilty About Bankruptcy? The U.S. economy has historically been fueled by consumer spending. For years, lenders have spent many billions of dollars on target advertising containing subliminal messages that are aimed to convince us to buy goods we cannot afford. If you don’t have enough money to purchase what you want today, you can [...]

Most people don’t realize that filing bankruptcy can stop a garnishment. The conventional thinking is, “Well, they got the judgment in court, so nothing I can do”. Nothing can be further from the truth. Bankruptcy can and will stop the garnishment, even after your creditor has received their judgment. Your Detroit Bankruptcy Lawyer can stop [...]