Sheehan & Associates, P.L.C.

November 2016 Archives

Chapter 11 bankruptcy: What is it?

What is a Chapter 11 bankruptcy? Chapter 11 bankruptcy is a tool that is used most often by business owners when their business is drowning in debt and needs relief. This bankruptcy allows a business to reorganize and repay debt, while still conducting business as usual. The reorganization is very structured and must be approved and monitored by the bankruptcy court.

Unconventional assets and property division in Detroit

So, you and your spouse have worked your property division out in anticipation of Michigan's equitable distribution laws and are ready to divorce. However, we have a couple of questions to ask you before you head into the courtroom. Have you taken any unconventional assets you may share into account, and are you really sure you are prepared?

What kind of estate planning questions do lawyers ask?

This is a great question and one which estate planning attorneys are not often asked. People often do not realize that a lawyer tasked with helping create an estate plan will have many questions. Hopefully, this blog post will help you and other residents of Detroit become well-prepared for the estate planning process by knowing what to expect.

When you need authoritative bankruptcy advice, ask a professional

People notoriously fear bankruptcy and seek to avoid it at all costs. While this is somewhat understandable, there are times when bankruptcy truly is the best option. For many residents of Detroit, the trickiest part can be deciding if bankruptcy is right for their situation. You can take the time to learn everything you can about the bankruptcy process and it may provide insight into your personal circumstances. Educating oneself is never a bad idea, but it might not provide all of the answers you need.

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Sheehan & Associates, P.L.C.
1460 Walton Blvd , Suite 102
Rochester Hills, MI 48309

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