Forbes explains that the average U.S household has about $15,000 in credit card debt. If you feel like you are drowning in your credit card debt, you are not alone. Most cannot pay off the credit cards quickly, due to high interest rates that could have them paying...
Divorce and financial struggles often go hand in hand. When you face divorce and the prospect of bankruptcy at the same time, you may not know what is the right course to take. Should you file together or separately, before or after the marriage ends? The answers...
If you are a Michigan resident feeling overwhelmed by debt and hassled by creditors, you are not alone. Medical emergencies, loss of a job and other unexpected events can cause you to spiral into debt quickly. At Phoenix Law, we often assist clients in determining...
Filing for Chapter 13 bankruptcy in Michigan is the first step on the road to restoring your finances and emerging from under a cloud of debt. If you are considering a Chapter 13 filing, you should know how your debts will be dealt with. As you go through Chapter 13,...
Overwhelming debt is an issue that many face in Michigan, and bankruptcy provides a path to a fresh financial start. Those who are still struggling under the weight of smothering debt may not realize what kind of an emotional effect that excess debt can have. Those...
In your efforts to dig your way out of credit card debt and enjoy your life in Michigan, you may focus more on your actual debt and less on the credit card interest that adds to that debt. Now is the perfect time to change that. See what U.S. News & World Report...
To help get their mortgage debt under control and truly enjoy their real estate property in Michigan, some homeowners may consider refinancing their home loan. Those who do should first research the ups and downs of the option in equal measure. Money Crashers examines...
As a Michigan resident, you have multiple bankruptcy options available. We looked at Chapter 7 earlier, and today Phoenix Law will take a look at Chapter 13 bankruptcy and the possible benefits it can offer. Chapter 13 bankruptcy may also be called a wage-earner’s...
As a Michigan resident who is considering filing for bankruptcy, there are many factors to consider first. What you settle on will depend on your priorities, what you want to get out of the bankruptcy, and other personal factors that are unique to your own situation....
Debt owed to the Internal Revenue Service and the State of Michigan can be discharged in bankruptcy in certain situations! One of the most common misconceptions about personal income tax debt owed to the IRS is that is cannot be discharged in bankruptcy. However, IRS...
