If you file a Chapter 7 and you have a secured debt, often times a car note or a mortgage, you will be asked by the creditor to reaffirm that debt. What does that mean?  When a Chapter 7 debtor reaffirms a debt they agree to continue paying that obligation even after their bankruptcy case […]

The decision to file or not to file a bankruptcy can be stressful and overwhelming.  Many attorneys offer free consultations to get to know the prospective client’s situation to better be able to counsel them in making a proper, informative decision.  If you and your attorney decide that a bankruptcy is beneficial to you and […]

The decision to file or not to file a bankruptcy can be stressful and overwhelming.  Many attorneys offer free consultations to get to know the prospective client’s situation to better be able to counsel them in making a proper, informative decision.  If you and your attorney decide that a bankruptcy is beneficial to you and […]

Want to make your bankruptcy case smoother?
If you’re thinking about bankruptcy, there’s a good chance you’ve never been through the process before.
In fact, most of the people who look into bankruptcy are going through this for the first and only time in their lives.

By:  Steven P. Taylor, Law Office of Steven P, Taylor, PC

Assignment of Mortgage Promissory Note 

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for March 27th, 2014 Interfaith Medical Center files plan to exit bankruptcy Brookstone Preparing to File for Bankruptcy Energy Future Said Closer to Deal That Speeds Bankruptcy

A recent study continues to confirm one of most leading causes of consumer bankruptcy: medical bills. Yet, the study also brought to light other significant points that may hint medical bills may become the number one reason why bankruptcy is filed.  Unpaid medical bills may surpass mortgage debt and credit card debt for various reasons, […]

A recent decision in the U.S. Bankruptcy Court for the Western District of Michigan[1] granted a Motion filed by the Chapter 7 Trustee requesting turnover by the debtor of proceeds of a life insurance policy that were used by the debtor to pay the burial expenses of her father.

I will be attending the American Bankruptcy Institute's Student Loan Debt Crisis Symposium being held in in Washington DC on May 30.  The timing of this event could not be better.  The student loan problem keeps getting worse and it is high time that bankruptcy practictioners create workable solutions for the millions of Americans who are trapped under the weight of these debts.  The common belief that student loans are never dischargeable is absolutely not true.  What is true is that Courts are lookin