Livonia Bankruptcy Law Blog

Filing Chapter 7 may be intimidating at first because it is a liquidation process, which means the court can seize your assets and sell them to repay your debts. However, the court does not want to leave you destitute after your bankruptcy. The goal is to help you get...

Chapter 7 bankruptcy processes may give you options for paying back your creditors when you no longer have a source of income or your debt far outpaces it. According to the United States Courts, both individuals and companies may file for this type of bankruptcy once...

If the recent economic downturn hit you hard, you may face serious financial difficulties that put you in fear of losing your home to foreclosure. You consequently may wish to consider filing Chapter 13 bankruptcy. Why? Because as US Courts explains, Chapter 13 can...

If you have just filed for bankruptcy, a credit card is likely the last thing that you need or want. However, not all credit cards are equal, and some of them can be a great tool to help you rebuild your credit score in the aftermath of filing bankruptcy. Secured...

Buying a home is a major investment, one that is truly worth it to provide your family with a place to grow. However, securing a mortgage is really the first part of the battle. You must also ensure that you can handle the debt associated with homeownership to stay...

You might so intensely focus on wiping out your credit card debt that you have not planned on what to do once you are debt free. You want to make your triumph over your debt last. With a few smart financial planning steps, you might not have to worry about card debt...

Filing for bankruptcy relieves you of the burden of crushing debt. There are different bankruptcy options available to you as a consumer, and each offers you specific benefits. If your income is regular but not sufficient to pay all your bills, Chapter 13 may be a...

Michigan residents like you know that debt collectors are often overbearing. Sometimes, they are so aggressive that their behavior counts as harassment. When faced with debt collector or creditor harassment, you can file for bankruptcy. This will put an end to...

Sometimes events just happen. You or your spouse lose a job or an economic downturn causes a lack of customers and sales at your current job, which reduces your take-home pay. The problem is severe enough that you miss a mortgage payment or two. As a homeowner, you...