On behalf of Babut Law Offices, PLLC | Sep 15, 2020 | Bankruptcy
Many people avoid filing for bankruptcy because they worry about losing their possessions. In fact, bankruptcy laws allow filers to keep certain assets, including equity in a primary home and a vehicle. Before pursuing bankruptcy in Michigan, review the state’s...
On behalf of Babut Law Offices, PLLC | Jul 16, 2020 | Bankruptcy
Many people who file bankruptcy only need to do so once to discharge or repay their debts. Yet, yours may have continued mounting after your first bankruptcy. You may fear that you cannot file a second time. But you can do so, depending on the date of your previous...
On behalf of Babut Law Offices, PLLC | Jun 9, 2020 | Bankruptcy
If you experience financial hardship to the point where you are unable to pay down your debt and afford basic living expenses, you may consider filing for bankruptcy. There are two types of bankruptcies for which consumers can file: Chapter 7 and Chapter 13. Chapter...
On behalf of Babut Law Offices, PLLC | Apr 29, 2020 | Bankruptcy
Making the decision to file for bankruptcy takes a lot of consideration. Although it gives people a fresh start, it also negatively affects one’s credit and ability to borrow money. The good news is it does not take long to bounce back if one is responsible and takes...
On behalf of Babut Law Offices, PLLC | Apr 20, 2020 | Bankruptcy
Although the Affordable Care Act was designed to help minimize medical costs and ensure all Americans have access to affordable insurance options, millions of Americans suffer from medical debt. Whether they have recently been diagnosed with a chronic medical...
On behalf of Babut Law Offices, PLLC | Mar 31, 2020 | Bankruptcy
Once you have made the decision to file bankruptcy, there are many aspects of the process that you want to be aware of. For example, different varieties of bankruptcies have different stipulations regarding keeping your current property. Many people worry that they...
On behalf of Babut Law Offices, PLLC | Feb 27, 2020 | Bankruptcy
Many people who are looking at filing personal bankruptcy wonder if Chapter 7 or Chapter 13 bankruptcy is the better option. There are many things to consider when choosing the right bankruptcy plan for you. According to Credit Karma, you are likely to clear your...
On behalf of Babut Law Offices, PLLC | Jan 27, 2020 | Bankruptcy
The key dates in your filing is the date you actually file your case. That is actually considered the dates that the order for relief is granted. According to US Courts, from that moment on, you are protected from your creditors. They can not call you, sue you, harass...
On behalf of Babut Law Offices, PLLC | Jan 6, 2020 | Bankruptcy
Tired of receiving a near-constant barrage of communications from creditors looking to collect what you owe them? You are not alone. Many people across Michigan are struggling to stay on top of their finances, and some of those people find that filing for bankruptcy...
On behalf of Babut Law Offices, PLLC | Aug 31, 2019 | Bankruptcy
Do you feel like you have lost control of your debt? If you struggle to make monthly payments and have limited income left over after paying bills, you may still hesitant to file bankruptcy because of concern over your credit score. Although a bankruptcy will...
