Financial difficultly can strike no matter the strength of your family. It is not uncommon for even cautious planning to fail to account for devastation like medical emergencies, home repairs or divorce. Whatever the reason for the trouble, many Americans turn to...
Bankruptcy often carries a heavy weight of misunderstanding. Many individuals grappling with debt find themselves tangled in a web of myths about this legal process. This blog aims to highlight common bankruptcy myths and provide clarity for those considering this...
Bankruptcy can feel like a fresh start, but what happens when you need to borrow money while still repaying your bankruptcy plan? You may need to apply for a car loan, pay rent or face other unexpected expenses. This blog will explore your options for borrowing while...
Struggling with student loan debt can feel overwhelming, especially when you have been juggling it along with other financial responsibilities. Fortunately, bankruptcy could offer you a path to relief. And understanding the 'undue hardship' standard is key to...
Michigan residents who are thinking about filing Chapter 7 or Chapter 13 personal bankruptcy petitions often wonder if they will be able to keep their cars if they seek debt relief. In most cases, the answer to this question is likely to be yes. Every state has...
Filing for bankruptcy can often be an effective way to reorganize or eliminate debts. However, it can also make it harder to buy a home in Michigan. You will need to wait at least a year to obtain an FHA mortgage from a bank or credit union while it can take up to...
When Pew Charitable Trusts studied consumer survey data in 2018, the researchers found that almost 40 million people in Michigan and around the country pay at least one overdraft fee each year. The data also suggests that about a third of the people who pay these fees...
Struggling with debt in Michigan can be overwhelming. If you have exhausted other options for alleviating it, you might have no choice but to consider filing for bankruptcy. Consider the debts that can and cannot be discharged. Debts that can be discharged When filing...
Chapter 7 is the bankruptcy choice for most individual filers in Michigan. It gives you a fresh start with your finances. The only downside is it takes some time to rebuild your credit. The good news is that with patience and discipline, rebuilding your credit after...
Michigan residents file personal bankruptcies when their financial situations become unmanageable and their debts become inescapable. The Bankruptcy Code does not establish a minimum amount of debt that an individual must have to qualify for Chapter 7 or Chapter 13,...
