Tag Archives: debt

Are My Co-Signers Affected By Bankruptcy?

Your Chapter 7 or Chapter 13 bankruptcy filing will not negatively affect the credit reports of any co-signers on your debt, but neither it will discharge their joint liability for the debt.

Click here to read more about how co-signers are affected by bankruptcy on the new Michigan bankruptcy blog of Michigan bankruptcy attorney The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident and are interested in discussing your options for bankruptcy, please feel free to contact me at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.

Can I Discharge Attorney Fees in Bankruptcy?

Debts owed to attorneys for services rendered prior to a Chapter 7 or Chapter 13 bankruptcy is usually just as dischargeable as any other unsecured debt.

However, there are situations in which this is not so cut-and-dry.

Click here to read more about whether you can discharge attorney fees in bankruptcy on the new Michigan Bankruptcy Blog of Michigan bankruptcy attorneys The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident considering filing for bankruptcy, please feel free to contact me at (866) 674-2317 to schedule a free initial consultation.

What Are the Tax Consequences of a Short Sale?

There can be serious tax liabilities arising from a short sale, or the sale of real estate for less than is owed on the balances of the mortgage notes attached to the property.

Click here to read more about the tax consequences of a short sale on the new Michigan Bankruptcy Blog of Michigan Bankruptcy Attorneys The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident and are considering filing for bankruptcy, please feel free to contact us at john@hillalaw.com or (866) 674-2317 to schedule a free, initial consultation.

Business Debt and the Chapter 7 Bankruptcy Means Test

Chapter 7 bankruptcy may be available to prospective filers whose debts are mostly business debts rather than consumer debts regardless of their actual income.

Click here to read more about business debt and the Chapter 7 bankruptcy means test on the new Michigan Bankruptcy Blog of Michigan Bankruptcy Attorneys The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident and are considering filing for bankruptcy, please contact us at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.

How Can a Chapter 13 Bankruptcy Help Me Pay Down my Student Loans?

Student loans are not dischargeable in bankruptcy without a court order from the Bankruptcy Court declaring them discharged. But that does not mean that the bankruptcy process offers no solution to dealing with unmanageable student loan collections. Chapter 13 bankruptcy may be able to help you deal with such loan debt.

To read more about Chapter 13 bankruptcy and student loan debt, click here to read our full article on this topic on the new Michigan Bankruptcy Blog of The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident and are considering filing for bankruptcy, please contact me at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.

Is Income Tax Debt Dischargeable in Bankruptcy?

Income tax debt is, under some circumstances, dischargeable in Chapter 7 bankruptcy. Even outside of those circumstances, it is at least “treatable” in a Chapter 13 bankruptcy in a manner that can be a much better deal for the taxpayer than any of the payment schemes offered by the IRS.

To read more about the discharge of tax debt in bankruptcy, click here to read our full article on this topic on the new Michigan Bankruptcy Blog of The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident and are considering filing for bankruptcy, please contact me at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.

Can I Discharge a Personal Injury Judgment in Bankruptcy?

A claim or a judgment for an injury that is the result of an “intentional” tort is not dischargeable in Chapter 7 or Chapter 13 bankruptcy, but it may be repaid according to your ability to repay after household expenses are accounted for in a Chapter 13 bankruptcy.

To read more about this topic, please click here to read our full article on personal injury claims and judgments in bankruptcy on the new Michigan Bankruptcy Blog of The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident and are considering filing for bankruptcy, please contact us at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.