Sheehan & Associates, P.L.C.

Bankruptcy Archives

What is a preferential transfer in bankruptcy proceedings?

If you own a business and you're about to go bankrupt, you know the wisdom of making strategic decisions so that you come out of the situation as financially intact as possible. But you could make a big mistake if you don't understand the rules about preferential transfers.

Saddled with debt? You probably aren't as alone as you think

Being broke and saddled with a lot of unpaid debts can be an incredibly lonely experience. More than likely, you see many of your friends and relatives through the filter of their social media accounts. That means that you see what they want to present rather than the whole picture. Most people don't discuss their financial woes that openly. It's easy to start to believe that you're the only person in your social group that's hiding from creditors or struggling to keep the utilities turned on.

Student loans and bankruptcy?

You've probably heard it before a few dozen times: Your student loans are not dischargeable in bankruptcy. That's been true ever since 2005 when the Bankruptcy Abuse Prevention and Consumer Protection Act went into action.

The holidays hold danger if you intend to file bankruptcy

Nobody really wants to think about their financial woes during the holiday season. However, if you're already planning on filing bankruptcy after the first of the year -- or even think that you might have to consider it -- you might want to consider talking with a bankruptcy attorney sooner, rather than later.

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

Toll Free: 877-600-7891
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