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Bankruptcy Archives

What exemptions can you claim in Michigan bankruptcy proceedings?

One of the most pervasive myths about bankruptcy is the incorrect belief that the courts will demand that you liquidate your assets, up to and including your home. The truth is far more complicated, and a variety of factors will impact whether you need to liquidate anything at all.

Credit card debts may lead to bankruptcy

Credit cards are helpful in emergencies. Unfortunately, however, relying on credit cards can have negative long-term effects. Credit card debt may accumulate slowly over time. A serious illness, divorce, job loss or other issue can make it impossible to pay your credit card balances.

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5885 N. Wayne RD | The | Smith | Law Offices, P.C. | 734.729.4465

The Smith Law Offices, P.C.
5885 N. Wayne
Westland, MI 48185

Phone: 734-729-4465
Fax: 734-729-4498
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