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...
Filing for bankruptcy often leaves an unsavory impression, which is why some people choose to battle mounting debt instead, even if they are already at their wits’ end and unable to make timely payments. When paying off your debt seems too overwhelming, you may...
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...
About 100 million Americans are weighed down by medical debt, compelling families to make difficult compromises. With growing medical costs, you might feel as though you're drowning with no way out. The struggle can make it challenging to maintain daily life and...
In Michigan, creditors have up to 6 years to collect credit card debt or to obtain a judgment on it. Michigan residents might find this information useful, as credit card delinquencies have reached an all-time high across the country. Federal Reserve Bank data The...
Chapter 13 bankruptcy can be a standard option for individuals who need help organizing and relieving debt while receiving a regular wage. Typically, it is straightforward, indicating when the filing party will repay their debt, possibly in installments or following a...
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...
When inflation reached a four-decade high in mid-2022, millions of consumers in Michigan and around the country began using their credit cards to pay for necessities like groceries. They were dealt another blow when the U.S. Federal Reserve started to increase...
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...
