How bankruptcy affects mortgage qualification
Your credit will certainly be harmed after filing for bankruptcy in Michigan bankruptcy. However, it’s not the end of the world, and it can be the first step in beginning to rebuild your financial...
View ArticleThe benefits of a car loan cramdown during bankruptcy
When filing a bankruptcy in Michigan, many individuals try to add as many of their unsecured debts as possible. This can include a car loan to where they owe more than the fair market value of the car....
View ArticleThe mortgage forbearance period has been extended again
For homeowners who are struggling with their mortgage payments, there is good news: The United States Federal Housing Administration has, once again, extended mortgage forbearance protection. This...
View ArticleCancellation of student loan debt by Biden remains in limbo
Residents of Livonia and Detroit and other areas of Michigan may want to learn more about what is happening with the cancellation of student loans by President Biden. Under consideration is the...
View ArticleBankruptcy myths that many people fall for
Many consumers in Michigan and around the country don’t file for bankruptcy because they don’t have enough accurate information about it. There are a lot of misconceptions about bankruptcy that simply...
View ArticleOverpayment of unemployment benefits and bankruptcy discharge
Being heavily in debt can be overwhelming. You may ultimately decide that filing for bankruptcy is the best course of action to alleviate your debts. However, if you received an overpayment of...
View ArticleWhat documents are required when filing for Chapter 7?
For Michigan consumers who are facing a financial crisis or are unable to repay their debts, Chapter 7 bankruptcy may provide debt relief and a fresh start. Not all applicants are eligible for a...
View ArticleWhen can you file for bankruptcy a second time?
Bankruptcy can be an important option for Michigan consumers who need debt relief from unrepayable bills, including medical debt, credit card bills and personal loans. However, once a person has filed...
View ArticleSome ways to deal with credit card debt
Residents of Livonia and other parts of Michigan may want to learn more about a solid approach to dealing with credit card debt. Taking an honest look at your debt may be the first step to trying one...
View ArticlePrepare for your Chapter 13 bankruptcy filing
Bankruptcy plans may not succeed when people fail to plan their finances in advance. Debtors in Michigan have a number of options to repay their debts, but they must prepare for a Chapter 13 plan...
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