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Bankruptcy

The Bankruptcy Means Test in Northern Michigan

The means test was implemented in the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA). It looks at the gross income from all sources that you've obtained over the last six months. It then compares that figure to…

How to Buy Bankruptcy Assets Online

Bankruptcy auctions are filled with terminology and procedures somewhat foreign to the average investor; however, with a basic knowledge of the industry, a first time buyer can not only reduce risk but also close a phenomenal deal.…

Changes in Mortgage Payments in Chapter 13 Cases

A Chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a repayment plan to make installments to…