Curtailing your mortgage payments is a financial option that relieves you of mortgage debt ahead of your payment schedule. If you can pay your mortgage off early, you won't have to pay back as much money because you'll be saving on interest. If you're a Michigan...
Residents of Michigan who struggle with debt should explore their options for alleviating that debt. Chapter 13 bankruptcy is one of them. Knowing what it means can help you decide if this type of bankruptcy is right for you. What is Chapter 13 bankruptcy? Chapter 13...
Nonfinancial debt increases the chances that you'll obtain a mortgage loan. However, it increases the risks of doing business with clients who cannot repay their debts. Housing loans in Michigan are usually provided by banks and financial institutions, but there is...
Sometimes, bankruptcy is the only way to get out of debt. Most filers in Michigan choose Chapter 7 or Chapter 13, which both remove debt but work differently. Chapter 7 bankruptcy Chapter 7 bankruptcy is a liquidation procedure that involves converting non-exempt...
If you owe money to a credit card company, there is a good chance that the company will do whatever it takes to obtain what is owed. Fortunately, your lender will likely be willing to work with you in the event that you can't make a future payment in a timely manner....
If a consumer feels overwhelmed with debt, they may seek bankruptcy to get relief from certain debts. Most filers in Michigan and around the country choose Chapter 7 or Chapter 13, but these two types work differently. Chapter 7 bankruptcy Chapter 7 bankruptcy is a...
Keeping track of your debt can be challenging when you have loans, bank overdrafts, and credit cards that span across several different accounts. If you're a Michigan resident and looking to reduce your debt without turning to bankruptcy, you may want to consider...
If a consumer in Livonia, Michigan, can no longer pay their debts, they can file bankruptcy. Many consumers choose Chapter 7, but it requires them to sell the nonexempt property. However, they may be able to save some nonexempt property through exemptions. Nonexempt...
If you are struggling to stay current on your credit card debt, it may be tempting to file for bankruptcy. However, before heading to a Michigan bankruptcy court, it may be in your best interest to work out a new payment plan with the company that holds the debt. As a...
Debt consolidation is a popular option for many bankruptcy seekers in Michigan. But before you consolidate, it's important to do your research and weigh the pros and cons of such a major decision. What is debt consolidation? As the name implies, debt consolidation...
