Bankruptcy vs. Debt Consolidation
Are you seeking solutions for your financial obligations? What is Bankruptcy? Bankruptcy is a legal process designed to help individuals or businesses who are unable to repay their debts. It provides a fresh start by eliminating or restructuring debts. In simple terms, bankruptcy is a way to confront overwhelming debt and gain financial relief. There […]
Bankruptcy Alternatives
Key Takeaways Lansing bankruptcy filings are heard by the WDMI, the U.S. Bankruptcy Court for the Western District of Michigan, at 315 W Allegan St, Room 101, Lansing, MI 48933 (serving Ingham, Eaton, and Clinton counties). Timelines: Chapter 7 typically discharges in 3 to 6 months; Chapter 13 repayment plans run 3 to 5 years; […]
What You Need to Know Before Filing Bankruptcy
Written by James Frego, bankruptcy attorney at Frego & Associates. Reviewed and updated July 15, 2026. Key Takeaways Bankruptcy filings climbed 11.9% to 591,850 cases in the year ending March 31, 2026, and nearly all of that increase was ordinary households, not businesses (U.S. Courts, April 2026). You cannot file until you finish a credit […]
Bankruptcy: A Fresh Start or a Last Resort?
Reviewed by James Frego, bankruptcy attorney at Frego & Associates. Key Takeaways Bankruptcy is neither a moral failure nor a magic wand. It’s a legal tool with a specific job: stop collection, and discharge debt that can’t realistically be paid. Filings rose 11.9% to 591,850 in the year ending March 31, 2026, and 565,890 of […]
Bankruptcy and Your Credit Score: What You Need to Know
Picture opening your statement and seeing that the minimum payment is now more than you can cover. The calls have started. The balances grow faster than anything you manage to pay down. If that’s your life right now, you’ve probably already thought about bankruptcy, then talked yourself out of it. “Will bankruptcy ruin my credit […]
Different Types of Bankruptcy and How They Affect You
Are You Struggling With Overwhelming Debt and Considering Bankruptcy? It’s important to understand the different types of bankruptcy and how they can impact your financial situation. Frego Law is here to provide you with the crucial information you need. Our expert team will explain the various types of bankruptcy, such as Chapter 7 and Chapter […]
How to Rebuild Your Finances After Bankruptcy
Guidelines for How to Rebuild Your Finances After Bankruptcy Rebuilding your finances after bankruptcy can be a challenging process, but with the right strategies, it is possible to regain financial stability and get back on track. Here are some tips for rebuilding your finances after bankruptcy: Evaluate Your Financial Situation Having a clear understanding of […]
Common Myths About Bankruptcy Debunked
Myths About Bankruptcy Debunked: Common Misconceptions and Facts Bankruptcy is often surrounded by misconceptions that can prevent people from making informed decisions about their financial situation. we will debunk some common myths about bankruptcy and shed light on the truth behind them. Filing for Bankruptcy Means You Are a Bad Person Bankruptcy is a legal […]
The Pros and Cons of Filing for Bankruptcy
Definition of Bankruptcy Bankruptcy filing is a legal process that helps individuals and businesses who are unable to repay their debts eliminate or restructure their financial obligations. It offers relief to those who are overwhelmed by debt and provides a fresh start by either discharging debts or establishing a repayment plan. Bankruptcy can be a […]