People will tell you that it is impossible to discharge student loans in bankruptcy. Those individuals, while likely meaning well, have misstated the law and may have drastically oversimplified the situation. While it is uncommon to discharge student loans in personal...
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Bankruptcy
What Are the Rules for Discharging Student Loans in Bankruptcy?
For many, student loans are their biggest financial obligation. This might be the case whether you recently graduated from college or graduated years ago. For many years, student loans have been all but impossible to discharge in bankruptcy, even if they are the...
Is Chapter 13 Bankruptcy the Right Choice for Your Family?
Families across Michigan may find themselves facing financial hardship for numerous reasons. Maybe the primary wage earner for the family recently lost their job. Perhaps the parent who always stays home with the children just received a diagnosis of a serious...
Is Your Business Eligible to File a Chapter 11 Bankruptcy?
Facing significant debt as a business owner can quickly become overwhelming. While your business may still be making money, you might struggle to pay your creditors or worry about the future of your company. One option you might consider is filing a Chapter 11...
Can a Chapter 13 Bankruptcy Stop Foreclosure?
Falling behind on mortgage payments and facing foreclosure is one of the most stressful events families in America face. The potential of losing your family home might be something you never imagined happening to you. Once you face foreclosure, is there anything you...
4 Mistakes to Avoid While Getting Out of Debt
Getting out of debt can seem impossible, but it can be done. Bankruptcy is one possible option for debt relief. So are things like debt consolidation and debt settlement. Whatever route you choose to take, watch out for these four common mistakes people in southeast...