Articles Tagged with bankruptcy claims

Bankruptcy Lawyer Bryan W. Stone answers the question: “Are my 401k and IRA protected in bankruptcy?”

In a horrifying bit of news for residents of Michigan, critics say that a state agency may be responsible for forcing hundreds and maybe even thousands of people into unnecessary bankruptcies. Reports indicate that Michigan’s Unemployment Insurance Agency has filed a number of false claims alleging that individuals have been overpaid unemployment benefits. These claims then force otherwise financially stable individuals into bankruptcy, at which point the UIA extracts massive settlements in exchange for eliminating the debt.

Bankruptcy Lawyer Bryan W. Stone answers the question: “Can I keep my house if I file bankruptcy?”

Bankruptcy is a process that would seem to occur with the same frequency no matter your state or region. After all, people can have financial problems anywhere. While it’s true that people do run into financial trouble all across the country, the extent to which people encounter such trouble varies depending on your geography. To learn more about what geography tells us about bankruptcy rates, keep reading.

Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 13 bankruptcy?”

Most people choose to file bankruptcy because they need to lessen their debt burden. A Chapter 13 bankruptcy is one good way of doing that, with the court overseeing an agreement between the debtor and creditors on a repayment plan. The creditors agree to cooperate because it is better to get something in a repayment plan than nothing should the filer instead pursue a Chapter 7 bankruptcy. Debtors like Chapter 13s because they can restructure their debts and hopefully pay less over the course of the plan than what’s owed.