Credit card debt is a big problem for a lot of people in Michigan. When you can’t keep up with your credit card bills, you could start defaulting on payments. This can set off a stressful chain of events that leads to a creditor lawsuit against you. What happens when...
Bankruptcy is a legal means to help consumers in Michigan relieve debt and stop calls from debt collectors. Many consumers choose Chapter 7 or Chapter 13 to discharge debt, but not all debt in bankruptcy can get discharged. Dischargeable debts in Chapter 7 and Chapter...
Michigan residents could find themselves facing financial troubles. Job losses or illnesses that make someone unable to work may lead to debt accumulating. Financially struggling debtors might wonder about the statute of limitations associated with debt collections....
Most people see a stigma attached to filing for bankruptcy. But this process has far more benefits than disadvantages to people who want to get out of debt and improve their financial decisions. The following are the best-known results of filing for bankruptcy in...
Sometimes, situations cause enormous debt, and a debtor can no longer pay them. Bankruptcy provides relief by erasing certain debts through Chapter 7 or Chapter 13. While debtors in Livonia, Michigan commonly choose Chapter 7, Chapter 13 offers several benefits....
Sometimes, consumers in Michigan have no choice but to file bankruptcy to help ease their debt load. Many filers opt for Chapter 7, which removes debt by selling assets, or they choose Chapter 13, which establishes a debt repayment plan. While bankruptcy is often...
Bankruptcy plans may not succeed when people fail to plan their finances in advance. Debtors in Michigan have a number of options to repay their debts, but they must prepare for a Chapter 13 plan correctly. The following are several steps that they are recommended to...
Residents of Livonia and other parts of Michigan may want to learn more about a solid approach to dealing with credit card debt. Taking an honest look at your debt may be the first step to trying one or more of these time-tested strategies for paying off debt. Define...
Bankruptcy can be an important option for Michigan consumers who need debt relief from unrepayable bills, including medical debt, credit card bills and personal loans. However, once a person has filed for bankruptcy once, there are limitations about whether and how...
For Michigan consumers who are facing a financial crisis or are unable to repay their debts, Chapter 7 bankruptcy may provide debt relief and a fresh start. Not all applicants are eligible for a Chapter 7 bankruptcy, which eliminates most of the person's outstanding...
