Legal Question in Bankruptcy in Michigan
extreme debt caused by court adverse decision
MI law (statute 600.2961)requires ''prevailing party'' be awarded attorney fees and court costs. I sued a co. for not paying commissions on business I brought to them in a verbal agreement.I did not prevail.
Consequently, I am obliged to pay for costs outrageously beyond my means.
Currently I am up to date on all my bills and my credit report is excellent, however my net worth is slightly above zero.
Is ch7 my best option ? or are there other legal areas available ?
Thank you for any council you can provide. My current attorney feels his obligation to me has ended.
1 Answer from Attorneys
Re: extreme debt caused by court adverse decision
It is difficult to tell if a chapter 7 would be appropriate without full analysis of your assets and liabilities. The debt that you mention is dischargable in a chapter 7. You will need to consult a bankruptcy attorney in your area to determine which chapter, if any, would be appropriate. If you are in the tri-county area I would be available to speak with you in this regard.
Related Questions & Answers
-
Thinking its a last resort action My husband and I are considering bankruptcy. We... Asked 1/12/01, 11:52 am in United States Michigan Bankruptcy Law
-
Student Loans- Garnish wages 1. Can you add a non-federal student loan to a... Asked 12/14/00, 12:45 pm in United States Michigan Bankruptcy Law