In some cases, those who file for bankruptcy have been considering this opportunity for a long time. They’ve been slowly watching their debt become insurmountable. They may have been looking into...
Proven Partners For Financial Health
Bankruptcy
Is Chapter 7 or Chapter 11 bankruptcy the right option for your business?
Businesses may end up struggling financially for many different reasons. Perhaps there has been a sudden surge in material costs when a business had already locked in client prices, forcing the...
How Chapter 13 bankruptcy helps those worried about foreclosure
Homeowners in the Royal Oak area often pay a premium to live in a prestigious neighborhood with better schools when compared with those in nearby counties. It is common for families to dedicate a...
Dos and Don’ts for Bankruptcy
Bankruptcy is a legal process that enables consumers to get rid of their debt and start fresh through the court system. Depending on the type of bankruptcy filed, some consumers will have to make...
Can I keep my home or car when filing for bankruptcy?
One reason that some people don’t file for bankruptcy is because they don’t want to lose their assets. They think of bankruptcy as a process of liquidating assets, paying off their creditors with...
Two Ways Filing for Bankruptcy Provides Immediate Relief
Bankruptcy is designed to offer relief to debtors who have gotten in over their heads. For many debtors, the most immediate relief comes in the form of the automatic stay. The automatic stay is an...
Why Are There Bankruptcy Exemptions?
If you file for bankruptcy, one thing that you want to look into is the list of different exemptions that you can utilize. Essentially, if you’re filing a Chapter 7 bankruptcy, you may be...
Divorce and Bankruptcy: Who Takes the Debt?
Financial issues are one of the leading causes of divorce for married couples in Michigan. If you have accrued a significant amount of debt during your marriage, you and your spouse may fight about...
Can You Include Your Student Loans When Filing for Bankruptcy?
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...
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...
Student Loan Debt Relief for Michigan Residents
Michigan residents face financial hardships for a large variety of reasons. One of the most common reasons Michiganders struggle to keep up with their financial obligations is overwhelming student...
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...
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...
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...
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...