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Livonia Bankruptcy Law Blog

What are some misconceptions about bankruptcy?

Michigan residents like you may need some extra financial help from time to time. In dire cases, there are options available to you. Bankruptcy is one of these options.  But bankruptcy also has a strong stigma surrounding it. Because of this stigma, rumors often...

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Does bankruptcy require you to sell your dog?

As a dog owner, you recognize the many joys your furry friend brings to your life. You may not even think of the dog as an animal. Instead, your pooch seems like a member of the family. If you are waiting to take control of your finances because of a fear of losing...

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Can you avoid summer credit card debt?

Most Americans struggle with credit card debt. While this can be a year-round struggle, there are seasons where people feel compelled to spend more money. In the summer months, consumer spending increases. Often, this leads to reliance on credit cards. If you are...

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Chapter 13 and repayment plans

Chapter 13 is advantageous for many individuals for a host of reasons. However, it is crucial to carefully review this process before filing a petition and have a clear understanding of the responsibilities that come with Chapter 13. When taking this route, people set...

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The benefits of Chapter 13 bankruptcy

Individuals who are in over their heads with debt often envision a future without any monetary obligations. Most of these individuals want to obtain that debt free life immediately, which they can do through Chapter 7 bankruptcy. However, though Chapter 7 works to...

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What is the chapter 7 means test?

Bankruptcy offers you a chance to get out from under overwhelming debt and rebuild your finances. There are two basic options: chapter 7 and chapter 13. Each one has its own benefits and eligibility requirements, so you may need to research both to figure out which...

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