You may think that because you have retirement accounts, you should use these to pay your debts before you declare bankruptcy in Michigan. At Phoenix Law, we often advise people on their alternatives to this course of action. In a Chapter 13 bankruptcy, your goal is...
Phoenix Law is proud to announce that attorney Peter Behrmann was recently elected to the Wixom City Council. He began serving after the November 5 election and will serve a four-year term. Peter also serves on the board of the United States Junior Chamber of...
If you are one of the many Michigan residents who have credit card debt, you know that this sort of financial situation may create stress or anxiety. While it is common for credit card debt to feel overwhelming, there are several positive steps you may take to reduce...
Not being able to keep up with mortgage payments is a fear all homeowners have. After so many missed payments you may be faced with the risk of foreclosure, which is something no homeowner wants to think about. Fortunately, there are many steps you can take if you're...
Accumulating debt happens for a variety of reasons. Like many Arizonians, you may not truly understand how you went from one credit card to 15 seemingly overnight, and yet, here you are. While bankruptcy is a personal choice that you must make for yourself, consider...
Forbes explains that the average U.S household has about $15,000 in credit card debt. If you feel like you are drowning in your credit card debt, you are not alone. Most cannot pay off the credit cards quickly, due to high interest rates that could have them paying...
Divorce and financial struggles often go hand in hand. When you face divorce and the prospect of bankruptcy at the same time, you may not know what is the right course to take. Should you file together or separately, before or after the marriage ends? The answers...
If you are a Michigan resident feeling overwhelmed by debt and hassled by creditors, you are not alone. Medical emergencies, loss of a job and other unexpected events can cause you to spiral into debt quickly. At Phoenix Law, we often assist clients in determining...
Filing for Chapter 13 bankruptcy in Michigan is the first step on the road to restoring your finances and emerging from under a cloud of debt. If you are considering a Chapter 13 filing, you should know how your debts will be dealt with. As you go through Chapter 13,...
Overwhelming debt is an issue that many face in Michigan, and bankruptcy provides a path to a fresh financial start. Those who are still struggling under the weight of smothering debt may not realize what kind of an emotional effect that excess debt can have. Those...
