I’m Drowning in Debt. What Should I Do?

If you are drowning in debt and can’t pay your bills, you need to act quickly to rebuild your credit. You have a number of solutions available, with bankruptcy as a last resort. If you don’t think filing for bankruptcy is the right move for you at this time, here are a few things you can do to try and catch up on your debt. Continue reading…


Applying for Bankruptcy: What to Expect

Bankruptcy is a government-sponsored legal proceeding you can use to reorganize, fix or totally get rid of your debt, depending on your financial situation. While bankruptcy can be very helpful if your financial situation is overwhelming, it is also poorly understood. So, we decided to put this blog together explaining some of the things you might expect if you file for bankruptcy protection. Continue reading…


Chapter 13 Reorganization…What Is It and How Can It Help Me?

Chapter 13 cases are often called “repayment” or “partial repayment” plans. These are bankruptcy reorganizations, where a payment schedule is set up to deal with your creditors. Chapter 13 is very similar to a debt consolidation program, but with many more special options and protections set up for you…and the power of the Federal Courts to keep every creditor from bothering you!! Continue reading…


How to Stop Foreclosure on Your Home

If you fail to make your required mortgage payments, foreclosure may occur. Foreclosure is the legal means that your lender can use to repossess your home. It allows the lender to seize your property, evict you and sell your home, as stipulated in the mortgage contract. If your property is worth less than the total amount you owe on your mortgage loan, a deficiency judgment could be pursued. If that happens, you not only lose your home, you also would owe your lender an additional amount. Both foreclosures and deficiency judgments could seriously affect your ability to qualify for credit in the future. Fortunately, there are steps you can take to stop foreclosure. Continue reading…


What is a Chapter 7 Bankruptcy Case?

The most common form of bankruptcy in America is known as Chapter 7, also called a “Fresh Start” case. It is the most popular because it is quick, relatively easy to navigate, and often costs less than other forms of bankruptcy. In 2013, there were approximately 730,000 Chapter 7 bankruptcy cases filed all over the United States, and almost 26,000 of these were filed in the Metro Detroit area alone!! Continue reading…


What to Look for in a Bankruptcy Lawyer

Bankruptcy lawyers often benefit from a tough economy, but their clients, many of whom know little about the process and have even less time to research it, are usually lost when it comes to seeking the help of an expert. With creditors closing in and desperation and despair mounting, many people foolishly select a bankruptcy lawyer based on price, an advertisement or no criteria at all. Selecting the right person or firm to handle your bankruptcy can mean the difference between an eventual rebound and long-term pain. If you’re considering bankruptcy, here are some things to consider when searching for a bankruptcy lawyer. Continue reading…


Different Types of Bankruptcies: Chapter 7 vs. Chapter 13

 

Deciding to file for bankruptcy is no easy decision. How will it impact the future of your financial stability? Will it wipe out all or just some of your debt? Will you lose property like a home or car? What are the different types of bankruptcies and what do they do? Continue reading…


What is Bankruptcy and What Can it Do For You?

From the earliest of times, lawmakers understood that sometimes bad things happen to good people and those people might need relief from their creditors. In the Old Testament book of Deuteronomy, Moses wrote: “At the end of every seventh year you must cancel the debts of everyone who owes you money” (see Deuteronomy 15:1). Eventually, the idea of allowing people to walk away from some or all of the debts they owe became known as “bankruptcy”. Here in America, the Founding Fathers also recognized this need and wrote at the very beginning of the U.S. Constitution that Congress shall have the power to establish “uniform laws on the subject of Bankruptcy throughout the United States”. Article I, Section 8. Continue reading…


Show Buttons
Hide Buttons

Same Day Appointments Available - 800-646-0075

Menu