My question is can this debt collector take my marital assets such as car house or furniture
In Michigan property can be owned several ways. 1) Property can be owned by one spouse. This property can be seized by the owner's creditors, but...
Warren, MI
Estate planning Lawyer at Warren, MI
Practice Areas: Estate Planning, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy
In Michigan property can be owned several ways. 1) Property can be owned by one spouse. This property can be seized by the owner's creditors, but...
To give a complete answer much more information would be needed. What type of debt do you owe? Taxes? Child Support? Driver's responsibility...
Assuming that you have made no payments on the debt since 2008, and assuming that the office never filed a civil suit for collections, this debt is...
When a person files Chapter 7 bankruptcy their personal obligations are discharged. Secured debts are discharged as well, but the security...
When you file a Chapter 7 bankruptcy it discharges any past or future obligation on the lease. However, if you continue to live there, you must...
When you file for bankruptcy you are required to list all of your assets and place a value on those assets. Then you use exemptions to protect...
In Michigan a person can only be held personally liable for their own debts. They do not owe the debts of a spouse. I would suggest that you tape...
$200,000.00 is certainly enough debt to consider filing for bankruptcy. Whether bankruptcy is the right choice is a more complicated question that...
As others have stated, your tax refund is an asset. Whether you are allowed to retain that asset will be decided by whether you protect it...
Whether bankruptcy is a good idea is a complicated question. It depends on your income history, your assets, your future plans regarding your home...