Temperance, MI Bankruptcy Law Firms & Lawyers

Unfortunately, there is no "one size fits all." Choosing the right chapter depends upon income, how far in default you are on your obligations, how much equity you have, i.e. how much more than the liens is the item worth and a host of other factors. It is something that a competent bankruptcy attorney ought to be able to tell you after taking into account all the facts.

In NJ, yes, it is possible. You and your attorney would discuss Reaffirmation Agreements which is the way that you can keep cars. It will also depend on the current status of payments, and if it can be afforded in your budget with the Bankruptcy. Kindly consult with a Bankruptcy Attorney in your State.

It is unclear what you mean by "fictitious corporation." If you charter a corporation with the Secretary of State of Illinois and continue business in its name after its corporate status lapses for nonpayment of franchise taxes, you (and anyone else conducting the business) incur personal liability. Reinstatement of the corporation does not erase the personal liability for the period before reinstatement. Chartering a new entity would have the same (lack of) effect: it protects the individuals only for the time after its charter is issued.