Blog Posts in January, 2013

  • K is for Knowledge

    || 27-Jan-2013

    Just about every client I've met has some preconceived notion about bankruptcy. Some think they have to have zero income to file. Some think they'll lose all or most of their property. Some think they'll never be able to obtain credit again in the future. Some believe since a creditor has a Judgment against them that it's too late to do anything. After an initial consultation - ...
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  • J is for Judgment

    || 13-Jan-2013

    When a creditor files a collection lawsuit against you (i.e. credit card debt, medical bill, deficiency balance on a car, etc.), the goal that they have is to obtain a Judgment against you. A Judgment is a very powerful piece of paper in the State of Michigan. It gives this creditor certain powers to collect a debt. These powers include: Garnishment of wages, bank accounts or State tax refunds. ...
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  • Hensel Law Office, PLLC Announces Move to New Office Location

    || 8-Jan-2013

    At the Hensel Law Office, PLLC, we are a Michigan bankruptcy law firm that is 100% dedicated to assisting the residents of Madison Heights, Royal Oak, Sterling Heights, Clinton Township, Warren, Brighton, South Lyon, and Howell in their bankruptcy needs. We provide up to the minute information on the state and federal bankruptcy exemptions, as well as the bankruptcy do's and don'ts, ...
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  • I is for Income

    || 6-Jan-2013

    Income is one of the most important factors to examine when determining bankruptcy options. Income determines if you'll be eligible under Chapter 7. In the context of Chapter 13, it will dictate how long your Plan must last for – as well as how much money you may have to pay back to your creditors. Since I've been practicing bankruptcy law, I've had clients who have had incomes ...
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