Blog Posts in December, 2012

  • Eligibility for a Chapter 7 Bankruptcy

    || 20-Dec-2012

    A lot of people would choose filing a Chapter 7 bankruptcy over a Chapter 13 if they were given the choice. However, not everyone has the ability to choose between a Chapter 7 and a Chapter 13 bankruptcy. What sets the two bankruptcies apart? With a Chapter 7 bankruptcy, the bankruptcy trustee cancels all or the majority of your debts, meaning they are literally wiped out and you are no longer ...
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  • H is for Hensel Law Office

    || 11-Dec-2012

    Okay it's time for a little shameless self-promotion! My name is Thomas Hensel and I'm a Consumer Bankruptcy Attorney. I've been practicing for a little more than 13 years now. I opened my firm – Hensel Law Office, PLLC - in 2008. My practice is 100% dedicated to representing Debtors in Chapter 7 and Chapter 13 bankruptcy proceedings. Prior to opening my firm I spent considerable ...
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  • G is for Garnishment

    || 4-Dec-2012

    Garnishment is one of the most powerful weapons that a judgment creditor can wield. It can take many forms – wage garnishment, bank account garnishment, tax refund garnishment. Any or all of these may be utilized in order to collect on a judgment. In the state of Michigan, a judgment creditor can seize up to 25% of your wages via a wage garnishment – this may continue until the debt is ...
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  • Understanding the Automatic Stay in Bankruptcy

    || 4-Dec-2012

    Once a debtor files for bankruptcy, they typically notice the immediate benefits of what is called the "automatic stay." What is the automatic stay and how does it affect you directly? The automatic stay is automatic injunction (a legal order) that immediately halts creditors from collecting on debts from a debtor who has filed bankruptcy. Under 11 USC §362 – Automatic Stay, ...
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