|
It is sad, but it is not surprising. People in their early twenties, many of them university students, are among the fastest growing group of bankruptcy filers in Michigan and in the United States. 2009 surveys indicate that 10 % of all teenagers have a credit card of their own and this can be detrimental [...]
Not everyone is required to take the means test. One major exception to excuse the means test is if the debts are not primarily consumer debts. If a person debts are primarily business related, they are excused from taking the means test. There are also exceptions for military personnel in some circumstances.
The means test is [...]
It’s tough to figure out what to believe when your finances are stressing you to overload. Debt collectors often stretch the truth or outright lie to intimidate you. Debt collector lies about bankruptcy can usually be broken into two broad types – TYPE A and TYPE B.
DEBT COLLECTION MISTRUTH -TYPE A: “We’ve researched your financial situation, [...]
People do not necessarily lose thier home when filing bankruptcy.
In many cases, a person can keep thier home. It depends on whether you can afford it and the amount of equity in your home. The Bankruptcy Code provides for a homestead exemption that protects the equity a debtor has in their home up to a [...]
We all know that bankruptcy used to have a notorious reputation. But things are changing—due to the recession, more and more people are taking a closer look at what bankruptcy has to offer.
In fact, bankruptcy-filing rates have risen in all 50 states including Michigan from the same time last year.
Considering more than one million Americans filed [...]
Subscribe to feed| This blog/website is made available for educational purposes and to give you general information and a broad understanding of the law, not to provide specific legal advice. By using this blog and web site you understand that there is no attorney-client relationship between you and the blog/website publisher. The blog/website should not be used as a substitute for capable legal advice from a licensed attorney in your state. |
|
TERMS | PRIVACY | CONTACT US |
Royal Oak | Jackson |
