www.abetterwaybankruptcy.com Going Through Chapter 7 or 13 Bankruptcy is Emotionally Draining. Working with a Detroit Bankruptcy Attorney Shouldn’t Be Based in Southfield, A Better Way Bankruptcy is a debt relief agency serving individuals and families throughout the Detroit, Michigan area. For many people facing financial problems, unpaid bills, and harassment from collection agencies, declaring bankruptcy is the best option. With nearly three decades of collective experience in bankruptcy law, our attorneys and professionals can help you get the creditors off your back so you can start fresh. http The bankruptcy code has recently undergone significant changes. Here’s what you need to know straight from your friendly neighborhood Detroit Michigan Bankruptcy Attorney: •The “MEANS” test is now used to determine if you have enough disposable income to make payments into a Chapter 13 plan. •Chapter 13 filers must calculate their disposable income using allowed expense amounts, as laid out in guidelines set by the IRS. •To declare bankruptcy, an individual must live in a state for at least two years. •Credit counseling must be completed within 180 days of filing bankruptcy. •More paperwork is required to document how the bankruptcy is warranted. •Filing fees have increased for a Chapter 7 and decreased for a Chapter 13. •Your assets must now be valued at replacement cost. •You must now wait 8 years after filing a Chapter 7 to file another Chapter 7. •Luxury items purchased …
www.abetterwaybankruptcy.com Going Through Chapter 7 or 13 Bankruptcy is Emotionally Draining. Working with a Detroit Bankruptcy Attorney Shouldn’t Be Based in Southfield, A Better Way Bankruptcy is a debt relief agency serving individuals and families throughout the Detroit, Michigan area. For many people facing financial problems, unpaid bills, and harassment from collection agencies, declaring bankruptcy is the best option. With nearly three decades of collective experience in bankruptcy law, our attorneys and professionals can help you get the creditors off your back so you can start fresh. http The bankruptcy code has recently undergone significant changes. Here’s what you need to know straight from your friendly neighborhood Detroit Michigan Bankruptcy Attorney: •The “MEANS” test is now used to determine if you have enough disposable income to make payments into a Chapter 13 plan. •Chapter 13 filers must calculate their disposable income using allowed expense amounts, as laid out in guidelines set by the IRS. •To declare bankruptcy, an individual must live in a state for at least two years. •Credit counseling must be completed within 180 days of filing bankruptcy. •More paperwork is required to document how the bankruptcy is warranted. •Filing fees have increased for a Chapter 7 and decreased for a Chapter 13. •Your assets must now be valued at replacement cost. •You must now wait 8 years after filing a Chapter 7 to file another Chapter 7. •Luxury items purchased …
www.abetterwaybankruptcy.com Going Through Chapter 7 or 13 Bankruptcy is Emotionally Draining. Working with a Detroit Bankruptcy Attorney Shouldn’t Be Based in Southfield, A Better Way Bankruptcy is a debt relief agency serving individuals and families throughout the Detroit, Michigan area. For many people facing financial problems, unpaid bills, and harassment from collection agencies, declaring bankruptcy is the best option. With nearly three decades of collective experience in bankruptcy law, our attorneys and professionals can help you get the creditors off your back so you can start fresh. http The bankruptcy code has recently undergone significant changes. Here’s what you need to know straight from your friendly neighborhood Detroit Michigan Bankruptcy Attorney: •The “MEANS” test is now used to determine if you have enough disposable income to make payments into a Chapter 13 plan. •Chapter 13 filers must calculate their disposable income using allowed expense amounts, as laid out in guidelines set by the IRS. •To declare bankruptcy, an individual must live in a state for at least two years. •Credit counseling must be completed within 180 days of filing bankruptcy. •More paperwork is required to document how the bankruptcy is warranted. •Filing fees have increased for a Chapter 7 and decreased for a Chapter 13. •Your assets must now be valued at replacement cost. •You must now wait 8 years after filing a Chapter 7 to file another Chapter 7. •Luxury items purchased …
