Yes, more than likely, you would have to disclose your beneficial interest in the trust as an asset in your Chapter 7 bankruptcy in Michigan. However, in order to render a final opinion, I would need to carefully examine the trust document and other available exemptions.
If you have any questions about Bankruptcy in Michigan, call the law office of Michael J Shovan PLC right now at (877) 233-9389 and speak to an attorney who can answer your questions. Michael J Shovan PLC is a debt relief agency.
NOTICE: THIS POST IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO CONSTITUTE LEGAL ADVICE NOR WILL ANY EMAIL OR INTERNET BASED COMMUNICATION ESTABLISH AN ATTORNEY CLIENT RELATIONSHIP. ANY ATTORNEY CLIENT RELATIONSHIP WILL BE ESTABLISHED BY A WRITTEN AND SIGNED RETAINER AGREEMENT.
BECAUSE THE LAW IS CONSTANTLY CHANGING THIS INFORMATION MAY CHANGE. IF YOU NEED LEGAL ADVICE PLEASE CALL AN ATTORNEY AT MICHAEL J SHOVAN PLC AT (877) 233-9389.
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6 comments:
If you have tried to negotiate with your bill collectors to no avail, and you don't foresee your circumstance changing in the near future to pay off your bills it may be time to consult a bankruptcy lawyer.
Having to face the legal system with no idea as to how it functions is the place where many people find themselves. Whether innocent or guilty, having a good defense is the only way to go.
Look for a patent attorney who can thoroughly understand your idea and how to maximize the scope of your patent protection.
A bankruptcy lawyer can help guide you through all of your options and ensure that this is the best one for you. They can answer your questions and walk you through the process so you won't have to go through it alone.
It is best to stick to getting bankruptcy advice from people who are lawfully authorized to give legal advice (i.e. attorneys).
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