Michigan Bankruptcy Legal Questions

Not entirely sure what is happening or what you want to know. You have no right to have credit information be reported, and most creditors, including mortgage lenders, do not report after a bankruptcy discharge. Bankruptcy does not erase past credit reporting. You pay your mortgage and keep the property, or you stop paying and you lose the property by foreclosure. The mortgage discharge by bankruptcy only means that you cannot be personally sued for a deficiency in the event of a foreclosure.... Read More

If this is a party-then-suicide plan. Talk to a counselor, as a bankruptcy attorney, I know that a lot of people follow the spending part then get cold feet at the suicide part. Then they are screwed up financially and depressed. If you're just planning to spend big then die naturally. Why bother to file bankruptcy? If you're going to be dead, your creditors won't bother you much in any of the major religions. I believe Bernie Sanders believes he can collect taxes from the great beyond (because there isn't anywhere else the money is going to come from once his plans crater the economy). As a rule, intent isn't a consideration in bankruptcy. If you truthfully fill out the credit application and don't spend money on luxuries in the 90 days before filing bankruptcy, then you can discharge the debts in bankruptcy. You have to avoid buying assets and just blow the money. If you buy a car or other assets, the court will seize those to pay your creditors.... Read More

Here is the problem with a voluntary surrender. You did not really voluntarily surrender. You just left the car in a place of your own choosing and assumed the lender would dance to your tune. A real voluntary surrender is returning the vehicle to a place the lender chooses. Oh and by the way, a voluntary surrender is never any better than having the repossession man come to your door. You are going to find out about being sued for a deficiency real soon.... Read More