Being broke and saddled with a lot of unpaid debts can be an incredibly lonely experience. More than likely, you see many of your friends and relatives through the filter of their social media accounts. That means that you see what they want to present rather than the whole picture. Most people don't discuss their financial woes that openly. It's easy to start to believe that you're the only person in your social group that's hiding from creditors or struggling to keep the utilities turned on.
You've probably heard it before a few dozen times: Your student loans are not dischargeable in bankruptcy. That's been true ever since 2005 when the Bankruptcy Abuse Prevention and Consumer Protection Act went into action.
Part of being a grown-up is attending to a lot of unpleasant -- but necessary -- tasks. That includes getting your estate plans ready and making a will, designating your executor and heirs, establishing powers of attorney for medical care and finances and maybe even thinking about setting up a trust.
One of the things that often stops people from filing for bankruptcy protection is the fear that they'll never have credit again.
If you own a medical marijuana dispensary in Michigan that hasn't yet been licensed by the state, you have a tough choice you have to make: Close up shop until you can get through the process or give up on the chance to have a license forever.
A couple in Michigan is celebrating their second marriage -- to each other -- now that the wife has finally gotten her first marriage out of the way.