Though filing for bankruptcy here in Michigan is not uncommon, there is often a stigma attached to doing so. Many people see it as giving up or abandoning what they may have worked for. However, experts say that filing for bankruptcy may actually be the best solution...
High levels of credit card debt create issues for thousands of consumers across the United States. These days, it’s just too easy to make unnecessary purchases with credit cards, especially online. However, the true impact of these purchases is often not apparent...
For some people, filing for bankruptcy is the best way for them to deal with accumulated debt. However, that doesn’t mean that the road afterwards is without struggle. Many find it difficult to secure a loan because filing for bankruptcy can impact their credit score....
Bankruptcy is not usually a product of poor financial decisions. It is something that happens because of events that are out of someone's control.Two of the most common examples are job loss and medical expenses. When you get fired without warning and lose your...
A lot of people are experiencing tough economic times, so you're certainly not alone if your bills are mounting and you don't see any way back.If bankruptcy is starting to look more and more like it's your only option, it's wise to take some steps to prepare. At the...
A lot of people are struggling with significant economic concerns right now. Unfortunately, many don't have enough money to pay all of their bills.Are you being forced to assess your bills and make some hard decisions about what to pay and what to skip because of your...
We are living in very uncertain times. Where what seemed sure and certain only a few months ago now appears quite shaky and unsubstantial.Due to the worldwide pandemic COVID-19, many people who thought that they had no financial hardships are now facing a perilous...
You've probably heard this before: You should have enough money set aside at any given point to cover at least three months of your bills. Six month's worth of income sitting in the bank, of course, would be better.If you constantly have "too much week left" after...
Think about why people file for bankruptcy, and what reasons come to mind first? Poor spending habits? Bad investments? Bad business decisions?These things can and do play a role. But they are not the main reasons why people end up filing. The reality is that it's a...
If you're deeply in debt, you may be planning to file bankruptcy. If you're like many people, you may simply be waiting for the holidays to pass so that you don't have to deal with the paperwork and finances until afterward.Well, be careful. The choices you make...
