If you are struggling to pay your debts, it may be a good idea to seek protection from creditors in a Michigan court. In many cases, filing for bankruptcy can help you eliminate both secured and unsecured debts. Take a closer look at the differences between these two...
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Month: February 2022
How the automatic stay works in bankruptcy
If a consumer in Michigan gets overwhelmed with debt, they may decide to file for bankruptcy. Consumers commonly choose to liquidate through Chapter 7 or repay debt through Chapter 13. Both have the benefit of the automatic stay. How the automatic stay works The...
Getting a fresh financial start through Chapter 7 bankruptcy
The weight of debt can feel heavy when you are dealing with frequent phone calls from creditors. Getting out from under your financial burden may be all you can think about as living in debt affects your mental well-being and strains your relationships with loved...
You may need to pay off a few debts before obtaining a mortgage
If you're trying to get a mortgage in Michigan, it's essential to understand the type of debts you can own to qualify. Maintaining a high amount of debt that doesn't meet the required debt-to-income ratio, or DTI, for the mortgage you're trying to obtain will likely...
