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...
Prices are rising rapidly across the nation for basic things like groceries and gasoline. People struggling to afford these increasing costs may wonder how they can continue to pay their bills when struggling to afford life’s necessities. Tariffs and other factors...
The decision to file for bankruptcy will likely come after a deep look at your finances because you realize that you don’t have enough money to keep up with life’s expenses and make payments on your debts. Once you file for bankruptcy, you may start to look toward the...
There are numerous bankruptcy exemptions in Michigan, and one is for the tools of the trade. This allows someone to keep tools, implements, materials, and other necessary items for them to carry on with their profession or occupation. The law does state that this...
Once you have decided that a fresh financial start is just what you need to get you back on track, your next decision will likely be to determine whether you can file for consumer bankruptcy under Chapters 7 or 13. A primary thing to understand about the difference...
