Grand Rapids, Michigan Bankruptcy Law Blog

Don’t let board games fool you. Bankruptcy doesn’t leave you broke. Bankruptcy does the opposite. Filing for bankruptcy helps you eliminate debt through the bankruptcy discharge. A bankruptcy discharge eliminates a creditor’s ability to collect on a debt (and most...

Sometimes even the best budgeting won’t help you get out of debt. Bankruptcy may offer a needed way out from under crushing debt. Our office offers a free consultation where we can explore your options and determine if there is a better way to tackle your debt....

People are often concerned about burdening their family with their debts when they pass on. Many people in Michigan fail to realize that those debts won’t become the responsibility of their family (unless they have co-signers). If the individual who passes has minimal...

It is not uncommon for individuals experiencing financial difficulties to get concerned about assets they own. A creditor, once they have sued you and obtained a judgment, can often seize assets to pay towards debts they have outstanding. Some debtors in hopes of...

Attorneys Rebecca Johnson-Ellis and Jeremy Shephard went to Eight West to discuss bankruptcy. At the law offices of Andersen, Ellis & Shephard, we have represented thousands of individuals in consumer bankruptcy filings. 616.784.1700 Contact Us

Filing for bankruptcy is a big decision that many of our clients wait too long to make. If you are struggling with debt, you should sit down and do a budget. If your budget is breakeven or negative, then bankruptcy is something worth considering Before pulling money...

Filing for Chapter 7 bankruptcy protection allows a debtor to eliminate their debt (some debts are non-dischargeable) to creditors. As part of the Chapter 7 process, the debtor can reaffirm on certain debts remaining responsible going forward. These debts generally...

The question of co-signers comes up regularly from individuals I meet with. It is not uncommon to hear, “I’m not primary on a debt” or “I’m secondary”. Unfortunately, those labels have little to do with whether you owe the debt. There is another common misconception...

Student loans remain one of the few debts that are extremely difficult to get rid of in bankruptcy. Now it’s possible the government may be changing the parameters of one of the better options out there for individuals with high federal student loan debt. This could...

Student loans are notoriously difficult to eliminate in bankruptcy under the current standards. While there are options for federal student loans, many private student loan lenders offer few options for those in need. Some congressional leaders have put forth a bill...