Livonia Bankruptcy Law Blog

Facing foreclosure on your home in Michigan is a scary prospect. The thought of losing your home can be quite upsetting and make you fear what comes next. The good news is that the foreclosure process usually progresses the same regardless of where you live or what...

Millions of Arizona residents have found relief in bankruptcy throughout the years. Overwhelming debt can create stress, anxiety, depression and hopelessness. Many times, the life events leading up to the excessive debt are out of your control, such as a medical...

Credit cards can be wonderful if you use them carefully and make sure that you make payments to avoid going into debt. However, if you have a higher balance and cannot pay off the card at each billing statement, you always have the option of making the minimum...

Despite modern advances in medical care and constant debate in Congress regarding health insurance coverage, many Americans still end up filing for Chapter 7 or Chapter 13 bankruptcy due to medical debts. According to CNBC, recent studies of medical debtors from...

Deciding which type of bankruptcy is best for Michigan residents takes an understanding of each kind. While many different types of bankruptcy declarations exist, two of the most common are Chapter 7 and Chapter 13. The U.S. Bankruptcy Code defines Chapter 7 as a...

It seems easier than ever to get a credit card in America these days, with so many different companies offering seemingly great options for customers. However, credit card debt can swiftly rise without careful financial management. Business Insider reports that at...

The longer you own your home in Michigan and the more you pay down your mortgage, the better you are financially because you gain equity in your home. That equity helps to balance the debt of your mortgage. Ideally, you will have more equity than debt. However, over...

Michigan consumers most often file for Chapter 7 or Chapter 11 bankruptcy. Both provide a fresh financial start and a brighter, happier future without stress about debt, but how do you choose which one is right for you? There are several benefits for filing for...

Facing bankruptcy is a trying time, but it is important to fully understand your options. The two kinds of bankruptcy that individuals are eligible to file in Livonia are known as “Chapter 13” and “Chapter 7.” There are several differences between the two, and which...

Falling behind on debt repayment can create anxiety, stress and worry. If you are struggling to pay bills and facing rising late fees and interest rates, bankruptcy could put you back on the path to financial freedom. If these four statements sound familiar, you may...