Despite modern advances in medical care and constant debate in Congress regarding health insurance coverage, many Americans still end up filing for Chapter 7 or Chapter 13 bankruptcy due to medical debts. According to CNBC, recent studies of medical debtors from...
Deciding which type of bankruptcy is best for Michigan residents takes an understanding of each kind. While many different types of bankruptcy declarations exist, two of the most common are Chapter 7 and Chapter 13. The U.S. Bankruptcy Code defines Chapter 7 as a...
It seems easier than ever to get a credit card in America these days, with so many different companies offering seemingly great options for customers. However, credit card debt can swiftly rise without careful financial management. Business Insider reports that at...
The longer you own your home in Michigan and the more you pay down your mortgage, the better you are financially because you gain equity in your home. That equity helps to balance the debt of your mortgage. Ideally, you will have more equity than debt. However, over...
Michigan consumers most often file for Chapter 7 or Chapter 11 bankruptcy. Both provide a fresh financial start and a brighter, happier future without stress about debt, but how do you choose which one is right for you? There are several benefits for filing for...
Facing bankruptcy is a trying time, but it is important to fully understand your options. The two kinds of bankruptcy that individuals are eligible to file in Livonia are known as “Chapter 13” and “Chapter 7.” There are several differences between the two, and which...
Falling behind on debt repayment can create anxiety, stress and worry. If you are struggling to pay bills and facing rising late fees and interest rates, bankruptcy could put you back on the path to financial freedom. If these four statements sound familiar, you may...
The relief of a restart begins as soon as you make the decision to file a bankruptcy. However, it is once the discharge takes place that people truly become free from the past and can move on with a new outlook. This moment is a perfect time to build a more secure...
Most debtors filing for Chapter 7 bankruptcy protection discover the process moves along smoothly once the paperwork has reached the court. The bankruptcy system operates efficiently in most instances, and the filer has the fresh start they desired. But sometimes the...
A Chapter 7 bankruptcy is the most common type of bankruptcy that people file today. This bankruptcy option usually wipes out all unsecured debt and is the bankruptcy that will give a person the best fresh start after everything is discharged. However, you should know...
