The question of what happens in the Chapter 7 Bankruptcy process when a filing debtor’s property is NOT fully protected by the available bankruptcy exemptions is a very basic question—but the answer to that question is not one that will be easily located in any bank of public information on the subject.
Click here to read more about non-exempt property in Chapter 7 bankruptcy on the new Michigan Bankruptcy Blog of The Hilla Law Firm, PLLC.
If you are a southeast Michigan resident considering filing for bankruptcy, please feel free to contact us at (866) 674-2317 or firstname.lastname@example.org to schedule a free, initial consultation.
Posted in Chapter 7, Chapter 7 Trustee, Exemptions, Michigan, Personal Property in Bankruptcy, Property
Tagged Chapter 7, chapter 7 bankruptcy, chapter 7 trustee, detroit bankruptcy lawyer, exemptions, Michigan, michigan bankruptcy attorney
Although I have not seen this happening much, so far, in the Eastern District of Michigan, where I practice as a bankruptcy lawyer, some of my colleagues around the country are reporting that Chapter 7 bankruptcy Trustees are beginning to review and to ask questions about debtors’ Facebook accounts. In some extreme cases, Trustees have reportedly requested debtors’ user-names and passwords at the 341 Meeting of Creditors hearing that occurs in the Chapter 7 bankruptcy process.
Posted in 341 Hearing, Chapter 7, Michigan, Personal Property in Bankruptcy, Property
Tagged Bankruptcy, Chapter 7, chapter 7 bankruptcy, Facebook, personal goods, privacy, property, trustee