Livonia Michigan Bankruptcy - Michigan Bankruptcy Blog

Livonia Michigan Bankruptcy

Michigan Bankruptcy Blog

Archive for December, 2012

NEW DETROIT CHAPTER 13 MODEL PLAN

Posted by Peter Behrmann, Esq. On December 28th

NEW DETROIT CHAPTER 13 MODEL PLANChapter 13

 

The Chapter 13 Trustees for the Eastern District of Michigan developed a new Chapter 13 Model Plan for use in the Bankruptcy Court for the Eastern District of Michigan.

 

After reviewing the new model plan, the Court entered an Administrative Order requiring that all Chapter 13 Plans filed in the Eastern District of Michigan be in the form and contains the content of the new model plan.  What this means is that all Chapter 13 Bankruptcies filed in Detroit after January 1st will use a different plan then has been used in the past.

 

In all fairness this probably does not mean much to you but these two plans are vastly different.  They both treat creditors in different ways.  They both require understanding by your Chapter 13 attorney to be implemented properly.  Both my wife and I have been involved since the new plan was first proposed.  We have both reviewed the proposals and drafts and have a complete understanding on how the new plan is different from the old.

 

Ultimately, you do not have a choice what plan will be used in your case.  If you file bankruptcy before January 1st you will use the old plan.  If you file on or after January 1st you will use the new plan.  What is important is that you hire an attorney to file your Chapter 13 Bankruptcy that is experienced and keeps up on the changes in the law and policies.  Imagine if you hired an attorney that just filed one or two cases a year and they happened to file the wrong plan in your case!

 

Peter Behrmann is a Livonia Bankruptcy Attorney.  From my Livonia, Michigan location, I represent clients throughout Metro Detroit and beyond, including Garden City, Wayne, Westland, Redford, Dearborn, Taylor, Ann Arbor, Belleville, Northville, Novi, Farmington, Farmington Hills, Plymouth, Canton, and the Counties of Wayne, Oakland, Livingston, and Washtenaw. My practice is limited to helping consumers like you file Chapter 7 and Chapter 13 Bankruptcy.

Wayne County Michigan Tax Foreclosure Process

Posted by Peter Behrmann, Esq. On December 17th

Wayne / Oakland County Tax Foreclosure Process

In the last two weeks I have met with several people who are losing theirWayne County Tax homes to tax foreclosure.  These homes are paid in full, have no mortgage, but are just one step away from being lost.  The good news is I am helping several of these people keep their homes, stop the tax foreclosure process, and get back on the right track.  The bad news is there are thousands of other people just like them that are about to lose their homes.   

Today, people in Wayne, Oakland, or any other Michigan County that owe property taxes for the year 2010 will lose their home in March of 2013.  Your home will then be sold at public auction in the September of 2013 and you will have to move.  Maybe you saw the billboards throughout the Detroit area just a few months ago advertising homes being sold by the Wayne County Treasurer, those were the tax foreclosure homes from 2009. 

If your are behind on your property taxes and you want to understand the time frame a little better please review the Michigan Property Tax Foreclosure process.  Please understand that doing nothing is the worst thing you can do.  A consultation with my office is complementary.  Also, both Wayne and Oakland counties have assistance programs to help people keep their homes.  Regardless, you need to figure this problem out now!  In just about three months there will be nothing I, nor anyone else will be able to do to help you. 

Peter Behrmann is a Livonia Bankruptcy Attorney.  From my Livonia, Michigan location, I represent clients throughout Metro Detroit and beyond, including Garden City, Wayne, Westland, Redford, Dearborn, Taylor, Ann Arbor, Belleville, Northville, Novi, Farmington, Farmington Hills, Plymouth, Canton, and the Counties of Wayne, Oakland, Livingston, and Washtenaw. My practice is limited to helping consumers like you file Chapter 7 and Chapter 13 Bankruptcy, and Foreclosure Prevention.

Christmas and Bankruptcy

Posted by Peter Behrmann, Esq. On December 6th

Christmas is a very exciting time for most people, filled with family, friends, holiday parties, and let’s not forgets financial stress. Financial stresses from the holiday can literary destroy some people, completely undermining the entire point of the holiday season. Many People spend more money than they anticipated or can afford on Christmas. It also can leave people with credit card bills that they will be unable to pay. There are many ways to avoid or minimize the effects of Christmas spending. Many of the tips below will help to avoid the overspending that many people deal with.

Budget – And Keep to it!

The first rule is to find out what you can afford.  Once you make your budget, keep to it. People often get in over their head when they do not have a proper budget and spend more than they can afford.  Just because it’s a good deal or you think that someone would love a gift idea, if it is not in the budget pass on the opportunity.  

Make Gifts or Baked Goods!

One of the best gifts I receive each year at my family’s Christmas is homemade candy.  This was a tradition started by my Grandmother and now carried on by my Aunt.  Another family member always brings a plate of assorted cookies for everyone.  If baking is not your think maybe making Christmas decorations or ornaments is more your style.  You don’t have to go out and buy everyone a gift if you can make the gift at home.

Divide the Family Up!

I grew up in a large family that would often have 20 to 30 people at Christmas.  We would put everyone names into a hat and each draw one person to shop for with a reasonable limit everyone could afford.  This way everyone had a gift to open and everyone did not have to buy a gift for everyone. 

Don’t Use Credit Cards!

The easiest way to spend more money then you have is to use a credit card.  It’s too easy to go over your budget or spend money you do not have by using a credit card.  On that same note, pass on the store credit card offers you will most likely get while shopping, for example, saving an extra 15% today by opening that Kohl’s card will end up costing you more money down the road if you cannot afford to pay the bill. 

Do not forget the point of the Holidays!

The point of Christmas is not to go into debt and have to file bankruptcy.  I know it seems weird that a Bankruptcy Attorney is telling you that he does not want you to have to file bankruptcy but it’s true.  The point of holiday season is to spend time with friends and family, catch up on the year, and enjoy each other’s company.  If financially you can afford to spend money on gifts, by all means spend what you can afford but remember the point of the holidays is not about spending money, it’s about spending time with those you care about. 

Peter Behrmann is a Livonia Bankruptcy Attorney.  From my Livonia, Michigan location, I represent clients throughout Metro Detroit and beyond, including Garden City, Wayne, Westland, Redford, Dearborn, Taylor, Ann Arbor, Belleville, Northville, Novi, Farmington, Farmington Hills, Plymouth, Canton, and the Counties of Wayne, Oakland, Livingston, and Washtenaw. My practice is limited to helping consumers like you file Chapter 7 and Chapter 13 Bankruptcy, and Foreclosure Prevention.