If a consumer in Livonia, Michigan, can no longer pay their debts, they can file bankruptcy. Many consumers choose Chapter 7, but it requires them to sell the nonexempt property. However, they may be able to save some nonexempt property through exemptions. Nonexempt...
If you are struggling to stay current on your credit card debt, it may be tempting to file for bankruptcy. However, before heading to a Michigan bankruptcy court, it may be in your best interest to work out a new payment plan with the company that holds the debt. As a...
Debt consolidation is a popular option for many bankruptcy seekers in Michigan. But before you consolidate, it's important to do your research and weigh the pros and cons of such a major decision. What is debt consolidation? As the name implies, debt consolidation...
Although debt comes with an obligation for repayment, not all debt is "bad." A Michigan resident with a significant debt balance might be making many wise moves. People can't pay cash for everything, so financing certain essential purchases could do much good....
