If you are in Chapter 13 bankruptcy, keeping your entire tax refund depends on your specific situation. In some cases, the trustee may allocate a portion or all of it toward your creditors. The exact rule depends on your bankruptcy plan, local trustee requirements and...
Facing heavy debt often leads to constant collection calls, wage garnishments and serious financial stress. Filing for bankruptcy can address these pressures by stopping collection efforts. This legal process can clear qualifying debts, giving individuals a fresh...
A mortgage modification can save a Michigan home in some situations if the loan servicer agrees to change the loan terms in a way the household can afford. The main question is whether the servicer will approve a request that fits the homeowner’s income, expenses and...
Heavy debt creates serious stress and can feel paralyzing. Fortunately, Chapter 7 bankruptcy offers a clear path forward. By filing for Chapter 7 bankruptcy and meeting eligibility rules, you can receive a court order that erases qualifying unpaid bills without...
When a family member or close friend co-signed a loan to help you qualify, they put their own finances on the line for you. If you are now considering bankruptcy, you may worry about leaving that person responsible for the balance. Chapter 13 takes that concern into...
Bankruptcy can often help people get a fresh start financially. They are facing significant debt and financial issues, along with the stress that it creates. By filing for bankruptcy, they proactively address this debt, eliminate it and get to start over. The type of...
Filing for bankruptcy is intended to help people obtain financial relief through an honest and transparent legal process. The court expects complete and accurate financial information so that creditors and the bankruptcy trustee can evaluate your case fairly. Most...
If you’re considering bankruptcy, you’re likely facing overwhelming debt. If you’re being inundated by collection calls and notices, it’s understandable that you may have lost track of who you owe and how much. It’s possible that some of these are even “zombie debts.”...
Credit cards can often come in handy, but people who have multiple cards may soon realize that many payments being spread throughout the month is difficult to keep up with. There’s also the matter of the interest that’s added each month, which has an average annual...
Financial setbacks can happen to anyone. Unexpected medical bills, job loss or other life events can create challenges that feel difficult to overcome. When debt becomes overwhelming, many people hesitate to explore their options because they have heard misconceptions...
