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Protecting Your Assets in Bankruptcy: Michigan Property Exemption Laws

Property you get to keep* The law of what has come to be called “Asset Protection” is actually a mixture.

Michigan Personal Property Exemptions

This category covers your car, your non-retirement bank accounts, and most of your other personal possessions, other than your house..

Special Rules for Retirement Accounts:

Under a new provision of the bankruptcy law, enacted in October 2005, virtually all types of pension and retirement accounts.

Our new cartoon video

Our new cartoon video

Will Filing A Michigan Bankruptcy Wipe Out All My Debts?

Yes, with some exceptions. Bankruptcy will not normally wipe out: (1) money owed for child support or alimony, fines, and.

5 Bankruptcy Myths Debunked

Nadya Suleman (known to gossip magazines as “Octomom”) recently filed for Chapter 7 bankruptcy after accumulating roughly $1 million in.

Michigan Bankruptcy Facts

Michigan residents who find themselves overwhelmed with debt can seek relief under the federal bankruptcy laws. There are two common.

Michigan Bankruptcy’s Automatic Stay

When a person files for bankruptcy, they usually receive immediate protection from creditors through a special court order known as.

Michigan Credit Card Debt Relief Options

Credit card companies make getting a credit card as easy as filling out a slip of paper at a baseball.

Medical Bankruptcy Is A Growing Phenomena

The problem of medical expenses in the U.S. economy has been gradually (and sometimes not so gradually) increasing over the.