Michigan Real Estate Blog Articles

Michigan Real Estate Blog articles from the attorneys at Bruce Law Firm

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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.

Lady Bird Deed Michigan: Uses for Estate Planning

A Michigan Lady Bird Deed is a simple estate planning tool used to pass real property to your heirs upon death. A lady bird deed is a type of deed that allows the Grantor or the person leaving the property to retain a life estate. A Lady Bird Deed avoids probate and passes to your named heirs automatically. Michigan lady bird deeds are also known as an enhanced life estate deeds.

A lady bird deed Michigan is an estate planning tool that has many advantages. An estate planning attorney can be of value in discussing if it can benefit you and your needs.

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