Sheehan & Associates, P.L.C.

Posts tagged "Bankruptcy"

Another celebrity goes to jail for bankruptcy fraud

Bankruptcy fraud is no laughing matter, even though certain celebrities have lately treated the court's rules like a joke -- at least until they were caught. The latest celebrity to land in jail over the issue is Abby Lee Miller, the owner of the dance school featured in TV's Dance Moms.

Handling debt collectors after you've filed bankruptcy in 7 steps

Once you've filed for bankruptcy, the court issues something known as an "automatic stay." This bars your creditors from taking further action against you unless the bankruptcy court specifically allows it. That doesn't always stop the harassment immediately, however.

What are 'avoidance powers'?

Many people don't realize this, but from the moment that you file your bankruptcy, the trustee assigned to your case has the status and power of a creditor -- but not just any ordinary creditor.

Dealing with 'zombie debts' after bankruptcy

Sometimes it seems like old debts just won't die. These "zombie debts" may be past the statutory point where the creditor can sue for breach of contract (which, in Michigan, is 6 years), and they may even be from before you received a bankruptcy discharge, but that won't stop some collectors from trying to get you to pay.

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