Mount Clemens Investment Group, LLC has filed for bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Michigan. The non-individuals have filed a default on a $1.5 million loan to a debtor of $2 million.
There are different types of bankruptcy petitions, and how the debt is forgiven depends on whether you file for Chapter 7 or Chapter 13 bankruptcy. It is important to understand which type of bankruptcy filing is most relevant to your situation. To file for bankruptcy, you need a document called the Petition Schedules Statement of Financial Affairs, a "Letter of Intent" that is properly prepared and filed in bankruptcy court. Filing a Chapter 7 bankruptcy usually requires a filing fee of $338, which must be paid to the court in person or in writing.
Most bankruptcy courts require only one copy of the application, but some courts, such as the bankruptcy court in Manhattan, require four copies.
There are a number of additional papers you may want to file after filing your bankruptcy petition, but you may never have to worry about one of them. Occasionally, things emerge at the end of bankruptcy proceedings, such as the need to deal with a new, non-tax-exempt property that you have discovered, or with creditors trying to recover claims that have been forfeited in bankruptcy. If you are considering your own case and would like to learn more about a situation that may arise prior to registration, you can contact one of our bankruptcy attorneys, rick mortara, for advice on how to keep the property and pay off the debt. We all guide you through the places where you can look and what legal tools are available to help you get into debt - for free.
Ask for additional guidance or speak to an experienced bankruptcy attorney in Grand Rapids to get your questions answered and know your rights. Our lawyers are active in all bankruptcy cases and our lawyers advise you on alternative bankruptcy procedures such as credit advice from other companies, the sale of real estate, negotiations with creditors and more.
Our attorneys have handled consumer bankruptcies in Western Michigan and helped numerous residents avoid foreclosures in Grand Rapids and surrounding communities. Our attorneys are well versed in Michigan bankruptcy law and handle a wide range of consumer bankruptcy cases from residential to commercial to industrial.
The bankruptcy court is a central place where you can get lost or forget to contact your lawyer, creditors, and even your bank account and credit card company. We are proud to offer free legal assistance to all residents of MI who have access to our state bankruptcy law and our bankruptcy court services. Access Legal Care is preparing bankruptcies and Chapter 7 filings for single couples with limited assets in all 50 states.
If you hire an experienced bankruptcy attorney from Powers & Chapman, you will get - on - a lawyer. Your attorney will also make sure that you make full use of all the exemptions allowed under bankruptcy law so that you can keep the things you want.
If your creditors continue to harass your team after filing for bankruptcy, you can hold them accountable and ensure that they are punished for their actions. If you contact one of our bankruptcy attorneys in Michigan, you can stop the catering so you can better use your income. You may also need to visit your local legal assistance organization to find out if you meet all of the local rules and requirements when signing up. Contact you if they can help you with your specific bankruptcy matters.
Attorney Login is for lawyers who have an account and want to see what their records are. This is a free program that provides access to all McHenry County cases where your attorney's office has filed a motion. Any lawyer who has an account and wants to see what his or her balance sheet looks like can contact them.
Several weeks after filing for bankruptcy, you must attend a hearing of 341 people, also called a creditors "meeting. The receiver appointed to handle your case will chair the meeting and may ask you questions about the information you provided on your bankruptcy form. Please provide detailed information on what to expect at your 341 hearings.
Jon Biernat, a Mount Clemens attorney, believes it is a unique point in his legal career to work as a bankruptcy attorney in a state with one of the highest rates of bankruptcy filings in Michigan. Super Lawyers offers accredited attorneys who have a Bachelor's degree in law, a Master's degree in law or a PhD in bankruptcy law. These lawyers with extensive experience in all areas of bankruptcy can help you successfully complete debt relief under bankruptcy law.
Early in his career, Sarnacki met lawyers who worked in general litigation and domestic policy matters and who were well versed in consumer bankruptcy law. Indeed, he believes that many lawyers who lack a degree in consumer law, or even a bachelor or master's degree, consistently sell themselves to their clients with little or no knowledge of their client's financial situation.