Michigan Bankruptcy Blog Articles

Michigan Bankruptcy Blog articles from the attorneys at Bruce Law Firm.

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Should You File for Bankruptcy and Divorce at the Same Time?

You may be wondering if it’s wiser to file for bankruptcy and divorce simultaneously. At the same time, there is no easy answer because it depends on each case. Ending a marriage is difficult enough, but it can feel like too much to handle when you add bankruptcy into the mix.

We will explore the pros and cons of filing for bankruptcy and divorce simultaneously. We will also provide some tips on making the process as smooth as possible.

Talking to a bankruptcy lawyer and a divorce lawyer is the best way to determine what is suitable for your unique situation. An experienced attorney can be an invaluable resource and help you make the best decision for your future.

Chapter 7 Bankruptcy Timeline: What To Expect

Filing for chapter 7 bankruptcy is a big decision. It can be challenging to know what to expect during the process. We will provide an overview of the steps you will need to take and what to expect along the way. We will discuss the chapter 7 bankruptcy timeline and the related steps needed to file for Chapter 7 Bankruptcy.

Anyone considering Chapter 7 bankruptcy relief should know the timeline and what they will require. First, you’ll need to gather all the required information and documentation. This includes a list of your creditors, your income and expenses, and any assets you own. A bankruptcy attorney can be of great assistance in completing these official bankruptcy forms.

Can You File for Bankruptcy More Than Once?

In a perfect world, everyone would be able to pay their debts and live happily ever after. Unfortunately, we don’t live in an ideal world, and sometimes people find themselves buried in credit card debt, tax debts, and other unsecured debts.

If you are struggling to make ends meet and are considering debt relief under the bankruptcy code, you may be wondering: can you file bankruptcy more than once? The answer is yes – you can file for bankruptcy multiple times throughout your life.

Many individuals are shocked to learn that they can go bankrupt more than once. There are no restrictions on the number of times you may declare bankruptcy in reality. There are, however, limits on how frequently you can file for bankruptcy relief.

Can I Stay in My Apartment If I File Bankruptcy?

This is a question that many people ask themselves when filing for bankruptcy. If you are filing for Chapter 7 bankruptcy, then the answer is yes! You can stay in your apartment and continue to pay rent as you usually would on the rental property.

However, filing for Chapter 13 bankruptcy – which requires monthly payments – will depend on how much money you make each month and how much of your income goes to necessities like housing. In addition, chapter 13 and renting an apartment is a little more complicated in that the Bankruptcy Court may have to approve a new lease.