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January 2013 Archives

Spending to fuel addictions can lead to insolvency

While many of our Michigan readers now know the damage that the sluggish economy has had on people's finances, it's important to think about the other reasons that people may have to seek bankruptcy protection. Many times it can be self inflicted due to poor spending habits. One of the many ways that people can waste their money is to fuel an addiction.

Asset forfeiture likely in Chapter 7 liquidation

Something else many of our readers in Michigan may not know is what goes on in a bankruptcy filing. It's important to know what chapter of the U.S. Bankruptcy Code that you are seeking protection under before you file. This is where expert legal advice can come into play. If you file for Chapter 7 bankruptcy, you may be subjected to asset liquidation and forfeiture. This could be the case for one of the nation's premier organic farms, which recently had to file for Chapter 7 protection.

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    Posted by MaryDecember 11, 2015

    "I am overwhelmed by your response to my call, even 10 years after my bankruptcy was discharged. You have more knowledge and expertise than I could have imagined. Because of you, my fears have been put to rest. For that, I'm so very grateful. Thank you many times over. "

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    Posted by ClientOctober 26, 2010

    "... I was extremely impressed with Charles' understanding of the bankruptcy laws to the extent that I felt certain that my best interests were always at the forefront. "

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    Posted by MarleneJanuary 8, 2014

    He helped me thru my 1st bankruptcy and now the second. I had no idea what to expect , but they kept me informed and answered all my questions. Mr. Schneider is the most experienced and knowledgeable lawyer I have ever met. If you have to file call this attorney first!

  • Avvo Rating 10.0 superb | Top Attorney Bankruptcy
  • Rated By Super Lawyers Charles J. Schneider | visit | super lawyers 2011-2015
  • Avvo Ratting 10.0 superb Top attorney chapter 7
  • Avvo clients' choice 2014 | chapter 7
  • American board of certification | certified consumer bankruptcy specialist
  • AV lexisNexis Martindale-Hubbell Peer Review Rated for ethical standards and legal ability
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