Kostopoulos Bankruptcy Law

Category: Bankruptcy

How Much Does It Cost to File Bankruptcy in Michigan?

Posted on by Kostopoulos Bankruptcy Law

The cost to file bankruptcy in Michigan depends on the type of bankruptcy. For Chapter 7, court filing fees are $338, and attorney fees typically range from $1,200 to $2,000. For Chapter 13, the court filing fee is $313, and attorney fees average between $3,000 and $5,000. Additionally, credit counseling and debtor education courses cost between $20 and $100.

Continue reading “How Much Does It Cost to File Bankruptcy in Michigan?”

Start Your Financial Reset
Embrace A Debt-free Future

FAQs About The Costs Involved with Bankruptcy in MIchigan

Can I file for bankruptcy myself in Michigan?
Yes, you can file for bankruptcy yourself in Michigan, a process called “pro se” filing. However, it’s often recommended to hire an attorney to ensure your case is handled properly and to avoid costly mistakes.
How long does a bankruptcy take in Michigan?
In Michigan, a Chapter 7 bankruptcy typically takes 3 to 4 months to complete. Chapter 13 bankruptcy can last 3 to 5 years, depending on your repayment plan.
Can I keep my car if I file bankruptcy in Michigan?
Yes, you may keep your car if you file for bankruptcy in Michigan, as long as you continue making payments and the car’s equity falls within Michigan’s exemption limits.
Is it cheaper to file Chapter 7 or 13?
It is generally cheaper to file Chapter 7 bankruptcy, as attorney fees typically range from $1,200 to $2,000, whereas Chapter 13 fees can be between $3,000 and $5,000.

Can I Rent an Apartment While in Chapter 13 in California?

Posted on by Kostopoulos Bankruptcy Law

Yes, you can rent an apartment while in Chapter 13 bankruptcy in California, but there are a few key factors to keep in mind. Your bankruptcy filing will appear on your credit report, and some landlords may hesitate to rent to you.

However, if you have a steady income and can demonstrate the ability to meet rent obligations, many landlords will still consider your application. It may help to look for individual property owners rather than large complexes, as they tend to have more flexibility. Be prepared to provide proof of income, a strong rental history, and possibly a larger security deposit to improve your chances.

Continue reading “Can I Rent an Apartment While in Chapter 13 in California?”

Start Your Financial Reset
Embrace A Debt-free Future

Frequently Asked Questions

Can I spend money during Chapter 13?
Yes, you can spend money during Chapter 13, but your disposable income is allocated to your repayment plan. Essential living expenses like rent, food, and utilities are allowed, but large or non-essential purchases may need court approval.
Can you get an apartment with a bankruptcy on your credit report?
Yes, you can rent an apartment with a bankruptcy on your credit report. Some landlords may be cautious, but providing proof of income, a strong rental history, and offering a higher security deposit can improve your chances.
How long do bankruptcies stay on your record?
A Chapter 13 bankruptcy stays on your credit report for seven years from the filing date. During this time, it may impact your credit score and rental applications, but responsible financial behavior can help you rebuild credit.
Can I convert from Chapter 13 bankruptcy to Chapter 7?
Yes, you can convert from Chapter 13 to Chapter 7 bankruptcy if you meet eligibility requirements, such as passing the Chapter 7 means test. Conversion may be beneficial if you're struggling with your Chapter 13 repayment plan. Court approval is required for the conversion.

Also, you can convert from Chapter 7 to Chapter 13 bankruptcy. You must meet the eligibility criteria, such as having a regular income to fund a repayment plan. This may be beneficial if you want to keep certain assets or catch up on missed payments.

Can I Stay in My Apartment if I File Bankruptcy?

Posted on by Kostopoulos Bankruptcy Law

Yes, you may be able to stay in your apartment if you file for bankruptcy. In both Chapter 7 and Chapter 13, the automatic stay temporarily stops eviction proceedings. However, staying in your apartment depends on your ability to catch up on rent or include it in a repayment plan.

In Chapter 7, if you are behind on rent, you’ll typically need to get current within 30 days of filing, or your landlord can request to lift the automatic stay and proceed with eviction.

In Chapter 13, past-due rent can be included in a repayment plan, allowing you to stay in your apartment as long as you keep up with rent and repayment obligations.

Continue reading “Can I Stay in My Apartment if I File Bankruptcy?”

Start Your Financial Reset
Embrace A Debt-free Future

FAQs About Apartment Rentals and Bankruptcy

Will I be evicted if I file for bankruptcy?
Filing for bankruptcy can temporarily halt an eviction through the automatic stay, but you’ll need to address your rent issues to avoid eviction in the long term.
Can I stay in my apartment during Chapter 7 bankruptcy?
Yes, but you’ll need to bring your rent current within 30 days of filing. If you can’t, your landlord can request that the court lift the automatic stay and proceed with eviction.
Can I Keep My Apartment If I File Chapter 13 Bankruptcy?
Yes, Chapter 13 allows you to keep your apartment as long as you stay current on your rent and follow the repayment plan approved by the court. Past-due rent can be included in your plan, helping you catch up over time.
How does Chapter 13 bankruptcy help renters?
Chapter 13 allows you to include past-due rent in a repayment plan spread over 3-5 years, which can help you avoid eviction and stay in your apartment as long as you stay current on rent.
What Happens If I Reject My Lease During Bankruptcy?
Rejecting your lease means you're terminating the rental agreement and won’t be responsible for future rent payments. However, you will still need to pay any unpaid rent up to the date you reject the lease.
Can I Break My Lease During Bankruptcy?
Yes, bankruptcy allows you to break your lease without facing penalties for future rent payments. This can be a useful option if you're moving to a more affordable apartment. However, any unpaid rent before rejecting the lease must still be paid.
Do Bankruptcies Affect Getting an Apartment?
Yes, bankruptcy can make it harder to rent a new apartment, particularly within the first two years after filing. Many landlords conduct background checks that will show your bankruptcy. Offering a larger security deposit or having a co-signer can improve your chances of getting approved.

Can Bankruptcy Remove Evictions in Michigan?

Posted on by Kostopoulos Bankruptcy Law

Bankruptcy cannot remove past evictions from your record in Michigan, but it can temporarily stop an ongoing eviction through the automatic stay. When you file for bankruptcy, the automatic stay prevents landlords from continuing eviction proceedings, but only if they haven’t already obtained a court judgment.

Continue reading “Can Bankruptcy Remove Evictions in Michigan?”

Start Your Financial Reset
Embrace A Debt-free Future

Answers to FAQs About Bankruptcy and Evictions in Michigan

Can filing bankruptcy remove an eviction from my record in Michigan?
No, filing for bankruptcy does not remove an eviction from your record or credit report in Michigan. Evictions are part of public court records, and bankruptcy cannot erase them. However, bankruptcy may provide temporary relief from ongoing eviction proceedings.
Will the automatic stay stop my eviction?
The automatic stay triggered by bankruptcy can temporarily halt eviction proceedings, but this only applies if your landlord has not yet obtained an eviction judgment. If the eviction judgment has already been issued, the automatic stay will not stop the eviction.
Can Chapter 13 bankruptcy help me avoid eviction?
Yes, Chapter 13 bankruptcy can help tenants avoid eviction by allowing them to catch up on overdue rent through a repayment plan. The automatic stay applies to Chapter 13, temporarily halting eviction proceedings while the tenant works on a financial plan.
Can I still be evicted if I file bankruptcy?
Yes, you can still be evicted if you file for bankruptcy, especially if your landlord has already obtained an eviction judgment or if your bankruptcy filing does not resolve overdue rent or other issues.

How Much Does it Cost to File Bankruptcy in California?

Posted on by Kostopoulos Bankruptcy Law

The cost to file bankruptcy in California depends on the type of bankruptcy you choose. As of 2024, the filing fee for Chapter 7 bankruptcy is $338, while the filing fee for Chapter 13 bankruptcy is $313. In addition to court fees, attorney fees vary. For Chapter 7, attorney fees typically range from $1,000 to $1,500, and for Chapter 13, attorney fees generally range from $3,000 to $5,000. Additional costs include credit counseling and debtor education courses, which range from $50 to $100 each.

Continue reading “How Much Does it Cost to File Bankruptcy in California?”

Can You File Bankruptcy on Medical Bills in Michigan?

Posted on by Kostopoulos Bankruptcy Law

Yes, you can file bankruptcy on medical bills. This article covers how Chapter 7 and Chapter 13 can help with this situation, as well as Michigan-specific exemptions and credit effects. It aims to give you a clear understanding of whether you can file bankruptcy on medical bills, allowing you to make an informed decision. Can you file bankruptcy on medical bills? Let’s explore the options available to you.

Continue reading “Can You File Bankruptcy on Medical Bills in Michigan?”

Start Your Financial Reset
Embrace A Debt-free Future

Frequently Asked Questions

What is a debt relief program?
A debt relief program is designed to help individuals manage overwhelming debt by utilizing various methods to reduce or eliminate financial burdens. Participating in such a program can provide structured support to regain financial stability.
Can debt relief hurt your credit?
Yes, certain debt relief options can hurt your credit score, particularly those involving debt settlement or bankruptcy, while others may have a lesser impact. It's essential to weigh the benefits against potential credit consequences.
What is the income limit for Chapter 7 bankruptcy in Michigan?
The income limit for Chapter 7 bankruptcy in Michigan is determined by the state's median income and varies based on household size. It's crucial to check the latest figures to determine your eligibility.
What are the bankruptcy exemptions in Michigan?
In Michigan, bankruptcy exemptions include a homestead exemption of up to $40,475 in home equity and a vehicle exemption of up to $3,775 for one vehicle, allowing you to protect essential assets during bankruptcy.
What happens to retirement accounts in bankruptcy?
In bankruptcy, most retirement accounts such as 401(k)s and IRAs are generally protected, ensuring that your savings remain intact for your future needs. This protection allows individuals to preserve essential retirement funds despite their financial situation.

How Do Bankruptcy Lawyers Get Paid in Michigan?

Posted on by Kostopoulos Bankruptcy Law

Bankruptcy lawyers in Michigan are typically paid through flat fees, hourly rates, or payment plans. In Chapter 7 cases, attorneys often charge a flat fee upfront, covering all services until the case is complete. Fees for Chapter 7 usually range between $1,000 and $2,500. For Chapter 13 bankruptcy, lawyers may allow clients to pay part of their fee upfront, with the remainder included in the repayment plan, which spans three to five years. This makes legal costs more manageable for individuals undergoing financial distress.

Continue reading “How Do Bankruptcy Lawyers Get Paid in Michigan?”

Affordable Bankruptcy Lawyers Who Speak Arabic in Michigan

Posted on by Kostopoulos Bankruptcy Law

Looking for an affordable bankruptcy lawyer who speaks Arabic in Michigan? Our experienced attorneys specialize in helping Arabic-speaking clients navigate Chapter 7 and Chapter 13 bankruptcy, providing personalized legal support and financial relief. We proudly serve communities across Michigan, including Dearborn and Detroit, offering affordable rates and flexible payment plans to ensure you get the representation you need.

Continue reading “Affordable Bankruptcy Lawyers Who Speak Arabic in Michigan”

Who Pays for Bankruptcies in California?

Posted on by Kostopoulos Bankruptcy Law

Breakdown of Bankruptcy Fees

In California, the filer of bankruptcies in California is responsible for all associated costs, including:

  • Court fees
  • Trustee fees
  • Attorney fees

Continue reading “Who Pays for Bankruptcies in California?”

Is Bankruptcy Public Record in California?

Posted on by Kostopoulos Bankruptcy Law

Yes, bankruptcy records are public record in California. You can access them for free at the courthouse or online through PACER (Public Access to Court Electronic Records). However, bankruptcy records are unlikely to be published.

Continue reading “Is Bankruptcy Public Record in California?”

Do you have a matter with which our lawyers can help you?

Get a Free, No-obligation Consultation