Sault Sainte Marie, MI
Bankruptcy and debt Lawyer at Sault Sainte Marie, MI
Practice Areas: Bankruptcy & Debt, Real Estate ... +5 more
OUTCOME: The bankruptcy Appellate panel reversed the decision and held that tenancy by the entireties property is exempt from the claim of a creditor if the claim is against just one of the debtors.
Appeal from W.D. of Michigan Bankruptcy Court ruling which held that a creditor of one spouse could reach tenancy by the entireties property when both spouses filed bankruptcy. I represented the debto ... rs.
OUTCOME: Successful in reducing $52,000 student loan debt to $12,000.
Debtor sought to discharge $52,000 of student loan debt in a Chapter 7 bankruptcy. Bankruptcy. Bankruptcy Court ruled repayment imposed an undue hardship and reduced the debt to $6,000. The Guarante ... e Agency appealed. The U.S. Court for the Western District of Michigan agreed that repayment imposed an undue hardship but decreased the amount discharged. The debtor had to repay $12,000, and the other $40,000 was discharge.
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