How to Get Credit Card Debt Relief
Credit card debt is a common financial burden that can take a toll on your mental and emotional well-being. The constant worry and stress of not being able to keep up with payments can have a significant impact on your overall quality of life. There are strategies and options available to help you alleviate this […]
How to Get Medical Debt Relief in Sterling Heights
Do you have outstanding medical expenses? Here are some tips for finding relief with medical debt. Bronson Healthcare in Southwest and Central Michigan had over $70 million in 2023 in uncollected medical debt. [1] Check Your Medical Bill for Errors Medical billing errors are not uncommon, and they can occur for various reasons. A simple […]
Michigan Statute of Limitations on Debt
Debt is a reality many face at some point in their lives. Whether it’s from credit cards, medical bills, or personal loans, managing debt can be a challenging journey. However, debt doesn’t last forever, thanks to laws like the Statute of Limitations. Statute of Limitations on Debt The Statute of Limitations on debt refers to […]
Eliminate IRS Debt
Are you looking to eliminate Internal Revenue Service (IRS) debt? Here are some possible solutions. Installment Agreements An installment agreement can be a great solution for individuals and businesses who are unable to pay their tax debt all at once. It provides a structured way to pay off what you owe over time, making it […]
Is Bankruptcy the Answer to IRS Debt?
Bankruptcy and the IRS Bankruptcy is a legal process that provides individuals and businesses with the opportunity to eliminate or repay their debts under the protection of the federal bankruptcy court. Individuals and businesses can file for bankruptcy if they are unable to meet their financial obligations and need a fresh start. However, filing for […]
What is an Automatic Stay?
What is an Automatic Stay? An automatic stay is a powerful legal tool that provides immediate relief to individuals and businesses facing overwhelming debt and financial troubles. Under United States bankruptcy law, an automatic stay immediately halts all collection actions, including foreclosures, repossessions, lawsuits, garnishments, and creditor harassment. [1] This protection goes into effect as […]
7 Things to Do if You Are Drowning in Debt
Are you drowning in debt? Here are some helpful tips to help you manage and reduce your debt. 1. Create a Budget 2. Increase Your Income 3. Use the Debt Snowball Method 4. Refinance your Debt 5. Stop Using Credit Cards 6. Cut Back on Extras 7. Stop the Comparison Trap 1. Create a Budget […]
What is Dischargeability of Debt?
Dischargeability of Debt The dischargeability of debt is a legal concept that plays a crucial role in bankruptcy cases. When an individual or a business files for bankruptcy, it allows them to eliminate or restructure their outstanding debts and obtain a fresh start. [1] Not all debts can be discharged through bankruptcy. The concept of […]