If you have credit card debt, it's important to immediately take steps toward paying it off. Researching your options is the first step to take. Then, you choose what strategy works for your situation. Michigan allows creditors up to six years to collect debts,...
The bankruptcy courts provide ways for persons struggling with excessive debt to reverse their situation. A payment plan or a means-tested liquidation process could set a course for becoming debt free. Without massive debts, an individual may reestablish a more...
Filing for bankruptcy could save Michigan companies and consumers from the stress and challenges of heavy debts. Federal law guides bankruptcy proceedings, and anyone seeking protection from the courts must understand statutes guide actions. So, someone who fails the...
It can be exciting to purchase a home in Michigan. If this is your goal, it's essential to understand all the elements involved. While considering finances is necessary, analyzing affordability is also critical. You'll need to examine mortgage rates and your...
Anyone with severe financial problems might consider filing for bankruptcy. A federal bankruptcy court in Michigan could help someone address debts they cannot pay by approving Chapter 7 liquidation bankruptcy. Would-be filers may need to understand Chapter 7...
No one ever expects to face divorce and bankruptcy at the same time in Michigan, but it happens more often than you might think. When these two life-changing events collide, it can be challenging to know what to do. Therefore, let’s look at the steps you need to take...
Filing for a Chapter 7 bankruptcy in the state of Michigan can be an expensive process. This seems to run counter to logic since Chapter 7 means that your debts have become unmanageable. However, there are certain ways that you can qualify for Chapter 7 even without...
When it comes to buying a home, there are many important things to think about. One of the most important is how you will pay for the property. There are a few different ways to finance a home purchase, but one of the most common is through a mortgage. What is a...
If you are struggling to stay current on outstanding credit card balances, it may be in your best interest to file for bankruptcy. However, that largely depends on how large your outstanding balances are, your income and your ability to pay down the debt in a timely...
Few people want to find themselves in a position where filing for bankruptcy is unavoidable. However, venturing into a Michigan federal bankruptcy court could be appropriate to deal with insurmountable debt. The bankruptcy laws provide ways for debtors to settle with...
