Tag Archives: hilla

Can I Still Provide Financial Assistance to Elderly Relatives if I File Chapter 7 or Chapter 13 Bankruptcy?

Financial assistance provided on a regular, monthly basis to elderly or dependent family-members outside of your immediate household is an expense that Congress allowed in the drafting of the US Bankruptcy Code. Thus, if it has been your habit to send a few dollars to your grandmother every month to help her with her prescription costs, this is generally not a problem in either Chapter 7 or Chapter 13 bankruptcy—but there are caveats.

Click here to read more about financial assistance to elderly relatives in bankruptcy 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 me at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.

Do I Have to Include my Annual Bonus in the Chapter 7 Bankruptcy Means Test?

An annual bonus or other “extra” income received within the 6 months prior to the filing of a Chapter 7 or Chapter 13 bankruptcy must be disclosed and computed in the bankruptcy means test which determines Chapter 7 eligibility and determines whether you are eligible to propose a 36-month Chapter 13 payment plan rather than a longer payment plan.

Click here to read more about the including an annual bonus in 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 considering filing for bankruptcy, please feel free to contact us at john@hillalaw.com or (866) 674-2317 to schedule a free, initial consultation.

Does the Death of a Debtor Stop a Chapter 7 or Chapter 13 Bankruptcy Case?

Death during a Chapter 7 or Chapter 3 Bankruptcy will not automatically stop the bankruptcy case. Strange as it may sound, further steps are required, and, in some cases, it may be best to continue the case even after an unfortunate passing.

Click here to read more about death during bankruptcy 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 me at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.

What Is My Redemption Period in Michigan if I Have More Than 3 Acres of Land?

The length of the redemption period in Michigan is no longer simply 6 months if you have less than 3 acres of land and 12 months if you have more. In December, 2011, the Michigan legislature made a change to the statute governing the redemption period in Michigan.

Read more about the new rules concerning the redemption period in Michigan here on the new Michigan Bankruptcy Blog of The Hilla Law Firm, PLLC, Michigan bankruptcy attorneys.

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.

How Can I Save My Home with a Chapter 13 Bankruptcy?

While Bankruptcy is one of the most cost-effective and efficient legal means of walking away from an underwater or foreclosed home available, it is also, under the right circumstances, a better means of saving a home in danger of foreclosure than other non-bankruptcy strategies, such as mortgage modification.

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What Is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy is a “reorganization” bankruptcy rather than a complete liquidation of debt as in a Chapter 7. A Chapter 13 is, basically, a payment plan enforced by the Federal Bankruptcy Court upon all of your creditors, whether the debt is a “dischargeable” debt like a credit card or “non-dischargeable” debt like a child support arrearage or recent income taxes owed. Contrary to popular belief, you are not required to pay back 100% of what you owe to your creditors in a Chapter 13.

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Getting a Refund in a Chapter 13: Will Your Trustee Let You Have It?

Many prospective Chapter 13 bankruptcy clients are surprised (and annoyed) to learn that, typically, they will be required to turn over their annual Federal tax refunds to the Chapter 13 Trustee assigned to their case each year that they are in the Chapter 13.

However, there are Chapter 13 plans and other circumstances in which you would not have to turn the refunds over.

Read our full article about Chapter 13 bankruptcy and tax refund turnover here on the new Michigan Bankruptcy Blog of The Hilla Law Firm, PLLC, Michigan bankruptcy attorneys.

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.