Bankruptcy Information
Can I Contact My Chapter 7 Trustee in Detroit? List Our Detroit Chapter 7 Trustee in Detroit
by BankruptcyMax on 02/02/20
You can contact the trustee only if you represent yourself without an attorney. If you have an attorney, the trustee or the trustee's attorney will not be able to speak to you due to ethical issues on communication with represented parties. The United States Trustee appoints each Chapter 7 trustee to a panel for up to one year, renewable at the United States Trustee’s discretion; these “panel trustees” are then assigned to Chapter 7 cases on a blind rotation basis. Here are Detroit Bankruptcy List of Chapter 7 Trustee.
| Dery, Fred 803 West Big Beaver Suite 353 Troy, MI 48084 (248)362-4655 (248)362-2779 (fax) [email protected] Deborah Bale [email protected] | McClarty, Homer W. 19785 West 12 Mile Road #331 Southfield, MI 48076 (248)352-7686 (248)438-8432 (fax) [email protected] Denise White [email protected] |
| Ellmann, Douglas 308 West Huron Ann Arbor, MI 48103 (734)668-4800 [email protected] Vickie Zhang [email protected] | Miller, Timothy 64541 Van Dyke Road Suite 101 Washington, MI 48095 (586) 281-3764 [email protected] Denise Becker [email protected] |
| Evangelista, Karen E. 410 West University Suite 225 Rochester, MI 48307 (248)652-7992 [email protected] Ann Brewer [email protected] | Nathan, Kenneth A. 32300 Northwestrn Hwy. Suite 200 Farmington Hills, MI 48334 (248)663-5133 [email protected] Karen Cartrette [email protected] |
| Gold, Stuart A. 24901 Northwestern Hwy. Suite 444 Southfield, MI 48075 (248)350-8220 ext. 233 (248)462-6748 (fax) [email protected] Denise White ext. 215 [email protected] | Shapiro, Mark H. 25925 Telegraph Road Suite 203 Southfield, MI 48033 (248)352-4700 (248)352-4488 (fax) [email protected] Joy Brown [email protected] Ilene Harmon [email protected] |
| Lewis, Wendy 444 West Willis #101 Detroit, MI 48201 (313)832-5555 (313)832-5566 (fax) [email protected] Lisa Bauer (part time) [email protected] | Simon, Basil 645 Griswold Suite 3466 Detroit, MI 48226 (313)962-6400 ext. 228 (313)963-4614 (fax) [email protected] Lisa Bauer ext. 229 [email protected] |
| Lim, K. Jin 176 S. Harvey Street Plymouth, MI 48170 (734)416-9420 [email protected] Kim Kalasky [email protected] | Stevenson, Michael 26100 American Drive Suite 500 Southfield, MI 48034 (248)354-7906 ext. 2223 (248)354-7907 (fax) [email protected] Rachel Schultz ext. 2231 [email protected] |
10 Best Bankruptcy Lawyers in Detroit
by BankruptcyMax on 01/21/20
24300 Southfield Road Ste 210
Southfield , MI . 48075
(248) 281-6299
17515 W Nine Mile Rd # 420,
Southfield, MI 48075
645 Griswold St #3156,
Detroit, MI 48226
24300 Southfield Road, Ste 210 b
Southfield, MI. 48075
(248) 996-8479
3321 Greenfield Road
Dearborn, MI 48120
23843 Joy Rd,
Dearborn Heights, MI 48127
29240 Buckingham St #8,
Livonia, MI 48154
BankruptcyMax is one the best bankruptcy lawyers in Detroit, Michigan
by BankruptcyMax on 01/07/20Bankruptcy can be a life saver when you're drowning in credit card debt. Bankruptcy can wipe lot of your debt and stop debt collectors from calling you and even stop or dismiss credit card lawsuit against you.
Consumers generally have two options when filing for bankruptcy. Chapter 7 forgives most debts and offers a fresh start and Chapter 13 is sometimes called "wage earner's bankruptcy". Under a Chapter 13 bankruptcy, the court creates a payment plan so you can make good on part of your debt over three to five years. Once time's up, any remaining debts are "discharged," or wiped clean. For more information visit bankruptcyMax.com or find us on facebook.
Bankruptcy Forms including Bankruptcy Schedules - BankruptcyMax.com
by BankruptcyMax on 12/09/19If you need bankruptcy form in Michigan, Click on the link below. if you need bankruptcy help, you may visit our bankruptcy law firm in Detroit BankruptcyMax.com or call (248) 281-6299.
The is the bankruptcy forms including all bankruptcy schedules, statement of intention, statement of financial affairs.
What is a Redemption Under Chapter 7 Bankruptcy?
by BankruptcyMax on 12/05/19
A redemption is another option available under chapter 7 bankruptcy that allows you to reduce the amount owed on your vehicle or other asset that is acting as collateral for secured debt and still keep it. A redemption is only available if you owe more on the vehicle than what it is worth. When you redeem a vehicle, you are essentially signing a new contract that states that you will keep paying on the vehicle if the bank agrees to lower the amount that is owed on it.
For example, you might own a vehicle that is only worth $10,000, but you owe $15,000. Through a redemption, the bank will create new terms for your loan where you now only owe $10,000 when you begin making payments on the new loan.
When you file Chapter 7, you have at least three choices in how you deal with your car loan:
Surrender your car to the lender
Reaffirm the debt
Redeem it for its value
A redemption usually has a higher interest rate than your original loan, but because the amount is owed is less, it typically lowers your monthly payment and/or duration of your payments.
The disadvantage of the redemption is, like a reaffirmation, you lose your bankruptcy protection on the vehicle. If you were to give your vehicle back to the bank, you would still owe on the remaining balance. Not everyone will qualify for a redemption.
You will have to owe significantly more on the vehicle than what it is worth, and the bank will have to be amenable to completing a redemption through your bankruptcy.
How to Redeem a Car in Chapter 7
Determine how much your vehicle is worth. Two good places to look are NADA and Kelley Blue Book.
Compare the value of your car with the amount your lender says you owe. If the value is significantly lower, it might be worth your while to pay off the value or to apply for redemption financing.
Talk with your bankruptcy attorney about whether it is feasible for you to redeem your vehicle.
Once you’ve come to terms with the lender, your attorney will prepare and file with the court a Motion to Redeem.
The redemption must be approved by the bankruptcy judge, but depending on your local procedures, it may not ever be necessary for you to appear in court. Of course, your attorney will explain your court’s process in more detail.
Once the court approves the redemption, the new lender will pay the old lender (and will pay your attorney any agreed-upon fee for handling the redemption). The old lender will release the old lien, and you will now be liable to the new lender on your new loan.
For more information call our Michigan Bankruptcy Lawyer in Detroit at (248) 281-6299 or visit our website bankruptcyMax.com
