If you are struggling with debt in Michigan, Chapter 7 bankruptcy can help because it allows you to get on with your life much faster and with a clean slate. During the process, the court will allow you to only sell some types of assets to clear your debt. Non-exempt...
Chapter 7 Bankruptcy
Examine the differences between debt settlement and bankruptcy
If you've got credit card debt and unforeseen circumstances occur, such as losing your job in Michigan, keeping up with monthly payments can be challenging. When you're in this position, you have a few options. You can ask your creditors to settle for less. You can...
Spending money in Chapter 7
Chapter 7 bankruptcy offers a possible solution to those struggling with excessive debts. A Michigan debtor could find a path to a fresh start after successfully passing the required means test and filing for Chapter 7. A mistake the filer could make might involve...
Understanding the Chapter 7 means test
Anyone with severe financial problems might consider filing for bankruptcy. A federal bankruptcy court in Michigan could help someone address debts they cannot pay by approving Chapter 7 liquidation bankruptcy. Would-be filers may need to understand Chapter 7...
Can you file Chapter 7 bankruptcy for free?
Filing for a Chapter 7 bankruptcy in the state of Michigan can be an expensive process. This seems to run counter to logic since Chapter 7 means that your debts have become unmanageable. However, there are certain ways that you can qualify for Chapter 7 even without...
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...