July, 2013 Articles

Are You Considering Filing for Chapter 7 Bankruptcy Protection?

If you are overwhelmed by debt, inundated with collection calls and see little hope for getting a handle on it all then it's understandable that you may be considering filing for bankruptcy. ...
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Bankruptcy News and Facts in Michigan

In 2012, more than 38,000 personal bankruptcy cases were filed in the state of Michigan according to creditcards.com. This group also reported that filings per capita were 5.09 with the state ranked ...
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Exemptions in a Michigan Personal Bankruptcy

Exemptions are an important factor in any personal bankruptcy filing, such as Chapter 7 or Chapter 13 petition. When you file for a personal bankruptcy, you are not required to give up all of your ...
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The Means Test in a Michigan Bankruptcy Case

In 2005, in an effort to apply more stringent standards and prevent those with high income from applying, the bankruptcy laws in this country changed. Those who wish to file for a Chapter 7 ...
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Benefits of a Michigan Bankruptcy

Most people are aware of the negative side of bankruptcy. In fact, you may still consider filing for bankruptcy as a shameful act which will ruin your credit and saddle you with an adverse social ...
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Medical Bills: A Leading Cause of U.S. Bankruptcies

NBC News recently reported that 1.7 million American households will be forced into bankruptcy this year due to medical expenses. This makes medical bills the biggest cause of bankruptcy petitions in ...
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Debt Settlement: What it is and How it Works

Many people these days are facing financial crises. Often these financial problems include overwhelming credit card debt which may have been racked up to pay medical or dental bills, college or ...
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Chapter 7 Bankruptcy Requirements

A Chapter 7 personal bankruptcy is the most common form of petition filed in the U.S. and in California. This is the fastest and easiest form of bankruptcy. Not everyone, however, will qualify for a ...
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Student Loans and Bankruptcy

Student loan debt is not generally dischargeable by filing a personal bankruptcy petition. The only way a student loan debt can be addressed through bankruptcy is to prove to the court that it would ...
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Bankruptcy Fraud in Florida

Anyone who files for a personal bankruptcy in Florida needs to do so properly and according to state and federal laws. Bankruptcy is a legal process which gives protection to debtors who cannot repay ...
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Few Savings for Most Americans

According to Bankrate.com, 76 percent of Americans investigated in a recent survey were found to be living from one paycheck to the next with no savings for emergencies. 1,000 adults were surveyed ...
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New York Bankruptcy Exemptions

Every state has laws that delineate what you are allowed to keep as your own in a bankruptcy case. No matter how much you owe, these laws protect certain property from your creditors, called ...
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Frozen Bank Accounts

When a bank account is frozen, it is temporarily out of service. That means that while you can put money into your account, you cannot take money out. Any checks you write will not clear and any bill ...
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Difficulties of Refinancing for Seniors and Self-Employed

Mortgage interest rates still remain at all-time lows which make it smart to refinance a home at this time. Not everyone is eligible to take advantage of the low interest rates, however. Those who are ...
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Life Without Credit Cards

Many people abuse their credit cards, racking up debt until they find that they are in serious financial straits. The pay-now-deal-with-it-later mentality can cause this to happen since using a credit ...
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