Michigan Attorney Explains How To Bring Credit Score Up Quickly

Hi. I’m Mike Greiner. I’m a bankruptcy attorney here with The Financial Law Group located in Warren, Michigan. Our website is financiallawgroup.com, and my phone number is 586-693-2000. And I’m here to talk to you today about steps you can take to repair your credit after filing bankruptcy. One of the biggest concerns a lot of my clients have is how they can rebuild their credit after filing bankruptcy and it’s really surprisingly easy. What improves your credit over time is making timely payment on debts. So people a lot of the time will have all kinds of theories about this will improve your credit or that will improve your credit or this will hurt your credit or that will hurt your credit and the truth is most of those ideas are just myths. What helps your credit is making payment on your debts on time. So what you’re going to want to do after you file bankruptcy is actually get a little bit of debt. I know that sounds crazy but that’s the way that you improve your credit score. You want to get a credit card or two.  Now if you say, I can’t get credit cards, you’ll be amazed how soon after filing bankruptcy you’ll start to get credit card offers in the mail. If for some reason you don’t get credit card offers in the mail, there are two other routes you can go. Some of my clients have found that gas stations are a great place to go where you can go apply for their local credit card and then just use that credit card to buy gas every month and pay it off on time each month.  Marathon in particular I’ve seen is a good one.

Another option would be to gets what’s called a secured credit card. If you Google secured credits cards you’ll see a bunch of options pop up. I believe Consumer Reports said that Orchard Bank had a particularly good one.  What a secured credit card is, is it’s a real credit card. It’s not a debit card, like you, what you got from your bank or a prepaid credit card. It’s a real credit card but it’s just that, they, you give the bank a certain amount of money for them to hold on to, to make sure you make your payments. So, for example, say, then, you give the bank $300, then they give you a credit limit up to $300. And, over time, as you start to establish your history of charging a little bit and paying it off on time each month they’ll start to increase that credit limit, and at some point they might not require you to have a deposit with them anymore.  Secure credit cards are actually excellent ways of rebuilding your credit. Ideally you’ll want to get two or three ongoing credit lines that you can pay on each month as you’re going forward.

Car payments would be included. Car payments are a good option. As long as you reaffirm the car as you’re going thru bankruptcy. If you continue to make those car payments, that would be something that would improve your credit. Again secured credit cards or other credits cards are great options as well.  Don’t count on your mortgage payment helping you. Making your mortgage payment each month will not actually help you improve your credit score. So again, the key thing will be get some credit, and charge a little bit each month, and pay it off on time each month. Doesn’t have to be a lot, twenty, thirty dollars a month will be enough on some of these credit cards. They just want to show that you have that history of charging a little bit and paying it off on time each month. That’s what’ll improve your credit over the long term.

If you want to find out more about filing bankruptcy or repairing your credit, give my office a call. Our phone number is 586-693-2000 and I’ll be happy to meet with you personally.

Posted by Michigan Bankruptcy Attorney - Michael Greiner Feb 04, 2012
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Financial Law Group- Bouncing Back From Bad Credit

Hi, I’m Mike Greiner. I’m a bankruptcy attorney with The Financial Law Group located in Warren, Michigan. Our website is financiallawgroup.com and our phone is 586-693-2000. I’m here to talk to you today about repairing your credit after bankruptcy. One of the biggest surprises most of my clients have is how fast their credit bounces back after they’ve filed bankruptcy. I just had one client actually tell me, right now, who’d only been out of his bankruptcy a few months, that he had a 726 credit score. And that’s somebody who really had fallen behind on a number of his debts for a period of time, and so had a credit score down to the low 500s at one point.  It just shows how quickly things can bounce back. I had another client come in the other day and tell me that he was in the high 600s and had just financed a Ford Escape with 1.9% interest rate. It just shows how quickly your credit score can bounce back after bankruptcy.

Really this is a situation where the reports of your death are greatly exaggerated. People think that by filing bankruptcy you’re going to ruin your credit forever and that’s really not the case. The case is that bankruptcy does hit your credit at a certain point. But you start to recover relatively quickly. Most of my clients within a year they find their credit score’s bounced back to where they’re really in a very good situation like the high 600s low 700s, which is consider good credit by any stretch of the imagination. The irony is if you have good credit when you go into bankruptcy actually your credit score tends to bounce back faster. Because really what hurts your credit score the most would be the missed payments that you make over time, whether it be on a mortgage or on a credit card or any other bill that you’re paying. Missing those payments over time every month hits your credit just a little bit more and a little bit more, a little bit more and knocks it down much faster than even the one time hit of a bankruptcy. So in some respects it almost makes sense just file bankruptcy, get the pain over with and start rebuilding your credit from thereon out.

If you want to come to my office and find out more about filing bankruptcy, you can reach us at 586-693-2000. I offer free consultations and I’d be happy to meet with you personally.

Posted by Michigan Bankruptcy Attorney - Michael Greiner Feb 03, 2012
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Interaction Between Divorce Law and Bankruptcy Law in Warren, Michigan

Hi. My name is Mike Griener and I’m a bankruptcy attorney here with The Financial Law Group located in Warren, Michigan in Macomb County. Our website is financiallawgroup.com and our phone number is 586-693-2000. We do offer free consultations for people interested in this process. I’m here to talk to you today about the interaction between divorce law and bankruptcy law in particular with respect to real estate.

Something that’s become an issue in a lot of cases has been the fact that divorce decrees often have some type of requirement whereby the spouse whose keeping the house after the divorce would have to refinance the house within a certain period of time, often times that’s two years. Well the problem that a lot of people are finding right now is because of the real estate market and the drop in real estate values, that they’re not able to refinance the houses. And it really creates quite a quandary for people, going forward. What I’ve suggested to some of my clients actually is instead of some type of drop dead line by which the house needs to be refinanced or, then something needs to be done. Something which usually nobody really has any idea how to resolve it, because the house can’t be sold, because it’s not worth as much the, as is owed on the mortgages, and the, house can’t be refinanced, because it’s not worth as much as our mortgages. What I’ve suggested instead is some type of obligation whereby the spouse who’s keeping the house has to make an application to refinance the house every year, and provide proof of that application to the, to the spouse who’s not keeping the house, and that if it’s turned down, then the obligation rolls over to the following year, and that just continues until the house is able to be refinanced. And then, upon the house being refinanced, the spouse who’s not keeping the house signs a quick claim deed over to the spouse who is keeping the house.

I found that that might be a better way to address this problem, because it really is quite a quandary and especially some of the divorce attorneys think that they’re really accomplishing something by forcing the spouse who’s staying in the house to refinance the house by a certain date, but it ends up being a moot point because they cant refinance, they can’t sell the house and there is really nothing either, either spouse can do. So I found this to be a much better way to address a problem which down the road can lead to a lot of heartache. Again my name is Mike Griener. I’m bankruptcy attorney with The Financial Law Group in Warren and our phone number is (584) 693-2000 and our web site is financiallawgroup.com

Posted by Michigan Bankruptcy Attorney - Michael Greiner Oct 12, 2011
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Bankruptcy Attorney Talks About Personal Guarentees on Business Debts in Warren, Michigan

Hi, I’m Mike Greiner. I’m a bankruptcy attorney here at the Financial Law Group in Warren, Michigan in Macomb County.  Our website is www.financiallawgroup.com and our phone number is (586) 693-2000. And I’m here to talk to you today about personal guarantees on business debts.

Something that a lot of people think is that when you have a business, that you’re not going to be liable for the debts that you have for the business and that can be true for a lot of the suppliers and other kind of trade debts that you would have.  However, when you typically will have a bank loan or a credit card that is a business debt usually there will be a personal guarantee associated with that. Now what that means is even though the debt is a business debt and even though you’ve used that debt for business purposes typically you will be personal liable for that debt just like you would be for personal credit card even though it’s purely something that you used for business purposes and purely something that you used on the base of the business.  In fact business credit cards typically will not be granted to anybody unless there is a personal guarantee. And that’s usually true also for s.p.a. loans, and other kind of bank loans that would be involved in business cases.

The concern that a lot of people have is that they think that if they shut down a business. That they won’t have to, pay on any of these debts anymore. The truth is that usually those debts will follow you, unless you deal with a personal bankruptcy or do some kind of debt settlement. For your personal liabilities for these debts. What makes matters worse a lot of the time is many SBA loans also include a mortgage that is secured by your home. So, there can be some complex legal issues that need to be addressed to resolve your personal financial liability for any kind of these business debts. Now one thing that’s good about business debts is that, if you, there is a different standard that applies.  On the means test, for business debts opposed to consumer debts. Let me explain what, what I’m talking about here. When the law changed about five years ago, there was something called a means test that looks at your income, that looks at the size of your household and looks at certain specific deductions you can take to determine if you’re eligible for Chapter 7 bankruptcy.

Well, one of the good things is, is that that means test really only applies if the bulk of your debts are consumer related not business related. However, if you’re a small business person and the bulk of your debt actually are business debts then what that means is that you don’t even have to pass that means just to be able to be eligible for chapter 7 bankruptcy. So one thing that is good is that you’ll have certain options available to you if most of your debts are business debts as opposed to personal debts and what’s more is the course of rules that even if a debt is a personal debt where you are personally liable for let’s say a credit card that’s a personal credit card if you use those credit cards and those debts for business purposes, and that still applies. An example of business debt is, for example, could be a landlord who owns a lot of real estate but they have a lot of mortgages on all those pieces of real estate. Those would be considered business debts. So you might be eligible for a Chapter 7 case where, because of your income, you might not have been eligible otherwise. So there are some options that are available to people. But what I would strongly suggest someone to do is to talk to a bankruptcy attorney if you’ve got business debts because something that’s surprising to a lot of people is that you can often be held liable for them personally, even though they really are business steps. Again, with The Financial Law Group here in Warren Michigan, And, our phone number is 586-693-2000. And our website is financiallawgroup.com.

Posted by Michigan Bankruptcy Attorney - Michael Greiner Oct 11, 2011
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Means Test for Chapter 7 Bankruptcy

Hi, I’m Mike Greiner. I’m a bankruptcy attorney here with The Financial Law Group located in Warren, Michigan, and I’m here to talk to you today about the Means Test for Chapter 7 bankruptcy. Now, a number of years ago they changed the law, and a lot of people were convinced when the law was changed that it made it impossible for you to get rid of your debts though Chapter 7 bankruptcy; well, that’s not the case. What they did do though, is that they implemented a means test, a test that basically looks at your income over the last six months, and based upon what your income is, it determines if you’re eligible for Chapter Seven bankruptcy.

If you’re above the income that typically would be allowed, then what you do is you get…you’re allowed to take certain specific kinds of deductions from that then to see if you’re eligible based upon that. The test does take into consideration your household size. It does take into consideration certain things like your mortgage payment, for example, or how many vehicles you’re paying on. It also takes into consideration things like domestic support issues you may have, like child support or alimony that you need to pay. So all those things get boiled into the test. And what I’ve found is most of my clients, when they’re feeling under financial stress the fact is that they are recognized as being in financial stress, by this means test, and it does allow them to file for chapter 7 bankruptcy.

One more thing we’re able to do in a number of cases is say for example someone had a very good income for the last six months but is just going into a period where they’re unemployed or their income has been significantly declined for one reason or another. What we’ve been able to do is to file what’s called an Affidavit of Special Circumstances. By filing that Affidavit, what that does is informs the court that even though based upon the income of the last six months, you would not be eligible for Chapter 7 bankruptcy, looking forward at your income for the next six months then that you would be eligible for Chapter 7 bankruptcy,  We founds that the courts have responded very favorably to that type of affidavit.

If you want to find out if you’re eligible for chapter 7 bankruptcy, call my office for a free consultation. I’ll be happy to meet with you anytime. The number of the office is 586-693-2000, and my website is financiallawgroup.com

Posted by Michigan Bankruptcy Attorney - Michael Greiner Oct 10, 2011
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Chapter 13 Bankruptcy and Second Mortgages- With Finanical Law Group Attorney, Mike Greiner


Hi, I’m Mike Greiner, I’m an attorney with the Financial Law Group located here in Warren and I’m here today to talk to you about chapter 13 bankruptcy and how we’ve been able to take the second mortgage lean on people’s homes through chapter13 bankruptcy. You can contact us by the way at 586-693-2000 and our website is financiallawgroup.com. Now coming back to chapter 13 bankruptcy, something a lot of people have thought coming into my office is that they can get rid of a second mortgage through chapter 7 bankruptcy.

Mortgages actually include two elements. There is the note which is the personal liability that, that you have for the mortgage and there is the mortgage which is actually the lien that the mortgage company has on your home. The lien is the right, the property rights that the mortgage company has so that they can take back your home if you do not make your mortgage payments. The the note is just the personal liability you have. Just like a credit card. You have a note with a credit card and it’s that personal liability you have to pay that debt. The Chapter 7 bankruptcy does actually wipe out the personal liability.

So the mortgage company, although it used to not happen very often. It happened more and more frequently recently could sue you under the note, just like a credit card can to collect on that debt. They also, as a result of the mortgage, have foreclosure rights against your property.  By filing Chapter 7 bankruptcy you get rid of the rights that the mortgage company has to sue you personally. They still have the rights to foreclose though. Those rights, in this day and age with the property values have declined, might be worthless because the fact that your home might be worth less than what you owe on the first mortgage, or what you owe on property taxes. If that’s the case, then once the foreclosure happens the second mortgage would get nothing. So there’s no reason for the second mortgage to foreclose. So I’ve had a lot of clients who’ve come in they’ve just filed chapter 7 bankruptcy. They’ve gotten rid of their personal liability for the second mortgage. They might not be planning on staying in the house for very long or at some point moving out, or might not know. But the bottom line is that they’re in a situation they just want to get rid of the personal liability and they don’t really care if there’s that lien sitting out there that could potentially foreclose on their house someday if the value of the first mortgage goes down base on the payments that you make. And the value of the property goes up, based upon the property value starting to bounce back. So if you’re in situation chapter 7 bankruptcy can certainly be helpful to you.

If not however then the other option is we can actually file a chapter 13 case. Now chapter 13 scares a lot of people because that’s the chapter where you pay certain payments that could go toward your creditors. A lot of my clients though actually pay nothing or very little toward their unsecured creditors, unsecured creditors would include things like credit cards and medical bills. The secured creditors would include things like your mortgages and car loans, those debts have to be paid unless you want to surrender the property.

So if you have a car loan that you want to that, that, that where you wanna keep the vehicle. You need to keep making those payments.  That payment could potentially be included in chapter 13 bankruptcy. And there are certain circumstances where it can actually reduce the amount you owe on the car based upon chapter 13 bankruptcy. Although those opportunities have really been narrowed when law was changed a few years ago. Your first mortgage, either you’ll have to stay current on, or if you’re behind on it, we can get you caught up on that mortgage through chapter 13 bankruptcy. We can’t actually change the payment, on the first mortgage, but we can get you caught up on it, with no interest, over a period of time. Which often times is a better deal than you can get anywhere else. But the second mortgage, that’s the key if the property values of your home have declined, to the point where you owe more on the first mortgage then your home is worth, then there is no equity there.

In the house for a second mortgage, if that’s the case then through chapter 13 if you make all your payments on chapter 13 case, even if you pay nothing toward the second mortgage, then that second mortgage can be wiped off your home and you will never owe that second mortgage again. A lot of our clients have found that to be very helpful, and especially with the way that the mortgage companies really don’t work with people to do mortgage modifications. A lot of people have found that this is really the most effective mortgage modification out there. We have a unique opportunity now where so many people have second mortgages because of the way the mortgage industry was a few years before the crash.

Property values have declined so much because of the economic crisis we’re in. Although it’s a crisis it’s difficult for a lot of people. It’s also an opportunity. And the opportunity is that you can get rid of a second mortgage which you might not have been able to pay off for many years or ever.  But you can get rid of it often with a very low payment through chapter 13 bankruptcy. If you want to find out if this will work for you give my office a call. I have free consultations. Number’s 586-693-2000 and our website is financiallawgroup.com. I’d be happy to discuss your options on this.

Posted by Michigan Bankruptcy Attorney - Michael Greiner Sep 03, 2011
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The Means Test for Bankruptcy- Warren Attorney, Mike Greiner


Hi. I’m Mike Greiner. I’m an attorney with the Financial Law Group here located in Warren and we specialize in bankruptcy law here at the financial law group. Our phone number is 586-693-2000. Our website is financiallawgroup.com. And I’m here to talk to you today about the means test for bankruptcy.  A lot of people are concerned that since the change in the law a few years ago, that they might not be eligible for chapter 7 bankruptcy anymore. And what I’ve found is that most people that come into my office who are concerned about that, are actually eligible for chapter 7 bankruptcy. In fact, right before the law changed there was a big rush by people to file bankruptcy thinking that they wouldn’t be able to file bankruptcy after the law changed and really, for most of those people, they could have easily filed Chapter 7 bankruptcy.

The requirements for income for your household size are actually quite high and most people who would be eligible for chapter 7 bankruptcy because of the fact that they have a lot of debt would still be eligible for chapter 7 bankruptcy under the, under thee change in the law. The big change in the law was the means test. The means test only applies if most of your debts are related to your consumer affairs as opposed to business affairs. So if you’re a business person and you’ve accumulated a lot of debt related to your business affairs then to start with, the means test doesn’t even apply to you so you don’t even have to worry about it from that point.

Then what happens is the means test looks at the average household income for you.  Your household is the total size of all the dependents that you’ve got living with you. Just because someone’s not a dependent for tax purposes doesn’t mean they’re not a dependent for bankruptcy purposes. So, say you’ve got a son or daughter who’s 25 years old, living with you. That person might not be someone you can claim on your taxes as a dependent, but may still for all practical purposes be a dependent of yours. And so, as a result, the courts have ruled that they could be dependent for bankruptcy purposes. So that also helps expand the size of your household.

Similar situation could be an elderly relative who’s living with you may only receive Social Security. Then what you do is you take a look at all the household sources of income and add them together for the last 6 months and divide that by 6. You come up with an average monthly income over the last 6 months and then that amount gets compared to the average household income for a family the size of your household in Michigan. And you should know in terms of income certain types of income are excluded from this. For example Social Security income, anything related to the Social Security Act and that includes for example unemployment compensation. Those are not considered income for the purposes of the means test. So again that could be something else that makes you eligible for the means test where you might not have thought you were eligible for it. Then if your higher than the average household income for family or size in Michigan, then you continue on. You can take certain deductions, to see if those deductions make it so your eligible. So say for example, if you have high child care costs. If you have to pay child support or alimony. If you have a higher mortgage payment, often times that can make it so you’re eligible for chapter 7 bankruptcy, where you might have been in the past. Also, you can take deductions for charitable contributions you make. If you make regular charitable contributions, to church. Say for example, a lot of my clients have tithed. And for them, that would be the type of thing that would be a deduction that you can take on the Means test.

I’ve also had clients who have union dues, or large deductions for insurance- health insurance, for example, or even disability insurance. Those would be deductions you can take. Life insurance, term life insurance would be a deduction you can take. So, you can see there are a lot of deductions that you can take that might be able to make you eligible for Chapter 7 bankruptcy, where you might not have been eligible for Chapter 7 bankruptcy in the first place.

My suggestion is come into my office. Give us a call 586-693-2000. I’ll be happy to sit down with you and look at all your sources of income. And talk with you about your situation and see if you are eligible for Chapter 7 bankruptcy. But don’t just assume. Because of the fact that if you look at the kind of income you have coming into your household that’s more than you thought would make you eligible for chapter 7 bankruptcy, don’t assume that your automatically ineligible, cause there could be ways working through the means test, that you would become eligible and certainly worth taking the time to look at.

Posted by Michigan Bankruptcy Attorney - Michael Greiner Sep 02, 2011
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Attorney Mike Greiner Warns About Borrowing Money From A Family Member


Hi, my name is Mike Greiner and I’m a bankruptcy attorney with the Financial Law Group located here in Warren, Michigan. Our phone number is 586-693-2000 and our website is financiallawgroup.com and I’m here to today to make a warning to you if you are struggling with debt, and you are thinking about borrowing money from a family member, and you want to pay back that family member.  My warning to you is, do not do it.  What I’ve seen, and this is the law, is that people prefer to pay back their family members, than to pay back certain credit cards that they may owe. And that is called a preference, for obvious reasons. If you pay back a relative, rather than paying back your other creditors, and then file bankruptcy, then the creditors- as you go through your bankruptcy, will be able to sue you, or sue your relative, to get back the money that you paid to them within the year before you file bankruptcy. So my advice to people is, if you are thinking about borrowing money from a relative to help yourself out of some financial trouble, do not do it. If you’re thinking about paying back a relative to where you owe money to them before you file bankruptcy do not do it. That’s the worst thing you can do.

There are things that we can do to protect assets that you may have as your going through bankruptcy, but if you have already paid back on these, there’s nothing we can do to help you at that point. Your relative might be subject of a lawsuit by the creditors as your, as your going through this process. If you want to discus your options and your dealing with financial problems um, we do have free consultations at my office my phone number if 586-693-2000, and our website is financiallawgroup.com.

Posted by Michigan Bankruptcy Attorney - Michael Greiner Sep 01, 2011
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Attorney Mike Greiner Discusses Deficiencies With Both Mortgages and with Car Loans


Hi, my name is Mike Greiner and I’m a bankruptcy attorney with the Financial Law Group located in Warren, Michigan. Our phone number is 586-693-2000, and our website is financiallawgroup.com. I’m here to talk to you today about deficiencies with both mortgages and with car loans. What a lot of people, what a lot of people don’t realize is say you decide you don’t want to keep your home anymore. You cannot sell it. You owe more on the house than the house is worth. People think well I’ll just walk away from the house and not be liable for that house anymore and unfortunately that’s not the way it works. You still get held liable for what’s called the deficiency. The deficiency is the difference between what you owe on that debt and what they sell the house for- and that could be very substantial. I just had a client come into my office last night  who is being pursued for more than $100,000 deficiency on a mortgage that was foreclosed on and he thought he gave back the house. He didn’t owe this money anymore. But that is not the way the law works. You actually still do owe  the money on the mortgage.

It’s the same thing on a car loan if the car gets repossessed.  Oftentimes, say you owe $10,000 on the vehicle. They sell it at auction for $3,000. You still owe $7,000 on that loan, and they will pursue you for that amount. People frequently think that I’m exaggerating when I say that the banks do come after people for this. But I can point you out to this gentleman who was here just night being pursued for more than $100,000 deficiency on a mortgage loan.  I’ve met a number of other people who are facing lawsuits and garnishments because of the fact that these mortgage companies or car loan companies are coming after them for deficiencies where the home had been foreclosed or the vehicle had been repossessed.

The good news about all this is that these debts are dischargeable in bankruptcy. And so if you’re being pursued by one of these creditors I would definitely suggest you come into my office and meet with me to discuss your options. We offer free consultations here. My website is financiallawgroup.com. My phone number is 586-693-2000. We can talk to you about ways that we can get rid of any further liability that you have for property that has been either repossessed or foreclosed.

Posted by Michigan Bankruptcy Attorney - Michael Greiner Aug 29, 2011
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Losing Assets Through Bankruptcy- Attorney Mike Greiner of Warren, Michigan


Hi, my name is Mike Greiner and I’m a bankruptcy attorney with the financial law group located here in Warren, Michigan. Our phone number is (586)693-2000 and our website is financiallawgroup.com. And I’m here to talk to you today about a concern that a lot of my clients have which is whether they’re going to lose assets as they go through a bankruptcy. And the truth of the matter is, is that for most of my clients they do not lose any assets as they go through a chapter 7 bankruptcy or a chapter 13 bankruptcy. We’re able to protect them with something called exemptions. What exemptions are is there’s something  into the law to allow you to  protect assets. The theory behind chapter 7 bankruptcy is that you get rid of all your debts and all your assets, and that’s the way it works with a business when a business files chapter 7 bankruptcy.

But with individuals, Congress understood you can’t do that, that you still need a home, you still need transportation, you still clothing, you still need household goods and furnishings. You still the kinds of things that you would normally need to live a normal life.  And so those things are protected up to a certain value as your going through a bankruptcy case. For most of my clients where you have a home with a mortgage on it, you might have a vehicle or two, you might have a car loan, all those things can typically be can be protected. It’s very rare when someone has enough assets their, that they loose something through a bankruptcy case.

What I’m able to do as we prepare the documents. I’m able to do an analysis and determine if there is any concern that any of these assets will be lost. Again, it’s very rare that anybody actually loses any assets their going through a bankruptcy case. One thing that a lot of people also are concerned about is say you’ve got a mortgage on your home or a car loan on a vehicle, will that mean that that, that that would be a loss you go through in a bankruptcy case? And the truth is if you want to keep that and you can stay current on your payments, most cases you are able to keep those assets as you go through the bankruptcy case. With vehicles for example we do something called a reaffirmation agreement. And what that allows you to do is just keep making the payments on the vehicle and as long as you stay current on your payments you’ll get to keep the car. We do a similar thing with the mortgage, where again just continue making your mortgage payments.

As long as you stay current on your mortgage payments you’ll be able to keep your home. If you are thinking about bankruptcy and are concerned if you might lose some assets again, I urge you to talk to me because in most cases we’re able to protect them. I do offer free consultations. We’d be happy to discuss your options with you. Again, my name is Michael Greiner with the Financial Law Group. Our phone number is 586-693-2000 and our website is FinancialLawGroup.com.

Posted by Michigan Bankruptcy Attorney - Michael Greiner Aug 27, 2011
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