The majority of Michigan residents own credit cards and use them frequently. Credit cards can be a convenient way to buy things, especially large purchases. Since credit cards are so handy, it is incredibly easy to rack up large amounts of consumer debt. Paying down...
When Michigan residents fall ill or lose their jobs, a myriad of financial troubles may ensue. Oftentimes, those who are in this position accrue high amounts of debt with seemingly no way out of it. When this happens, filing for Chapter 7 bankruptcy is an option they...
When used responsibly and properly, credit cards can be helpful and often advantageous. However, many credit card companies today have made it so easy to use this method of payment that it doesn't take long for consumer debt to pile up and quickly get out of hand....
It seems like so many people across the state of Michigan are struggling financially these days. It can feel like a hopeless situation when there isn’t enough money coming in to pay bills that seem to keep piling up. For those who find themselves in this predicament,...
Many people in Michigan and throughout the country have been struggling financially in recent years. Some feel overwhelmed by medical bills or credit card debt. Others unexpectedly lost their jobs or went through divorce, resulting in a financial crisis. There are...
Obviously, no person in Michigan plans on filing for bankruptcy. But sometimes life happens and unforeseen circumstances arise. In many cases, bankruptcy may be the best financial option left. Bankruptcy is often a life-changing experience. To make this experience a...
In bankruptcy, as in all legal proceedings, there is a process called “discovery,” whereby evidence is presented and examined. Bankruptcy Rule 2004 usually governs what can be examined in a Michigan bankruptcy case. According to Bankruptcy Rule 2004, examinations in...
It goes without saying that life is completely unpredictable. Unfortunate and unexpected things such as job loss or health issues could cause an individual to build up tons of debt with seemingly no way to get out from under it. However, filing for Chapter 7...
A person’s financial situation can affect almost every area of his or her life. To some individuals who have not experienced serious money issues, the idea of struggling financially may mean not being able to buy things that they want. Unfortunately, for many who are...
Deciding to get back in control of one’s finances can often mean taking significant steps to address debt. For many Michigan residents, this may mean filing for bankruptcy in hopes of having their debt discharged or to receive approval of a repayment plan that allows...
