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December 2015 Archives

Furniture retailer plans emergence from Chapter 11 bankruptcy

Although economists tell us that the recession is long past and business is booming, business owners in Wayne County may not necessarily agree. Many businesses - especially those that depend on the housing market - are still feeling the effects several years on. One furniture store chain has been struggling recently and has chosen a common route for a fresh start.

Understanding the benefits associated with bankruptcy

Many people believe bankruptcy to be the ultimate financial failure, and a situation that should be avoided at all costs. But, the fact is that depending on a person's situation filing for bankruptcy may be helpful, and may provide a person with a new start and a way to get out of a financial hole.

Chapter 13 can help to stop Michigan foreclosure

One of the most common concerns for people who are experiencing financial challenges in Michigan is fear of losing property and how filing for bankruptcy will affect their ability to keep certain forms of property. This can include a home and a motor vehicle. To avoid having to lose one's home and a vehicle, an effective bankruptcy option is filing for Chapter 13. Before moving forward, it is extremely important to find the type of bankruptcy that is best suited to the individual. If a home and vehicle are concerns, then Chapter 13 might be the proper choice.

How a Chapter 11 filing affects stockholders and partners

Since a Chapter 11 bankruptcy is a bankruptcy strategy that is often meant to apply to businesses, there are frequent concerns that arise. These involve the debtor in possession and what that means, how the filing will affect the assets, what will happen to shareholders and how a partner might be influenced. Understanding these numerous issues can make the process easier and help people who are considering this option decide if it is the best choice for them.

Obligation when filing for Michigan Chapter 13 bankruptcy

Wage earners in Wayne, Michigan, may be eligible for Chapter 13 bankruptcy. This bankruptcy option allows consumers to repay at least part of their balances owed over a specified time period. Once the period has elapsed, the consumer's remaining eligible debts are wiped out, if the consumer has stuck to the plan.

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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. "

  • rating

    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!

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