Personal Bankruptcy

Personal Bankruptcy

Debt service ratios explained

The bankruptcy courts provide ways for persons struggling with excessive debt to reverse their situation. A payment plan or a means-tested liquidation process could set a course for becoming debt free. Without massive debts, an individual may reestablish a more...

Cannabis income and federal bankruptcy courts

Filing for bankruptcy could save Michigan companies and consumers from the stress and challenges of heavy debts. Federal law guides bankruptcy proceedings, and anyone seeking protection from the courts must understand statutes guide actions. So, someone who fails the...

Misplaced worries about bankruptcy

Few people want to find themselves in a position where filing for bankruptcy is unavoidable. However, venturing into a Michigan federal bankruptcy court could be appropriate to deal with insurmountable debt. The bankruptcy laws provide ways for debtors to settle with...

Save your finances by filing for bankruptcy

If you feel as though you're overwhelmed with debt, then filing for bankruptcy in Michigan might be an option to consider. Even though your credit score could be impacted and some financial challenges could linger for a few years, it can be the start of financial...

Bankruptcy and stigmas

Although the pertinent law might not appear to serve the greater good, bankruptcy proceedings might lead to such results. When someone struggles with crushing debt, contributing to society effectively may be difficult. Conversely, creditors won’t benefit from chasing...

An overview of bankruptcy chapters

Bankruptcy is a legal process in Michigan that helps consumers deal with debt. Consumers file bankruptcy for several reasons, but medical debt is the primary reason in the United States. There are several types of bankruptcy that consumers may choose, which have...