Monthly Archives: December 2009

New Year’s Resolutions and Bankruptcy

With 2010 quickly approaching, many of you are resolving to do things differently in the new year. It’s always a good thing to examine our lives, evaluate our strengths and weaknesses, and set specific, measurable and realistic goals for the future.
If you are struggling with debt problems and would like to know more about how [...]

College-Age Student Bankruptcy Trends

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 [...]

Running up credit cards before filing bankruptcy

“Don’t Do It”  is our advice.
Running up your credit cards prior to filing bankruptcy in Michigan ( in anticipation of filing ) may cause your debt to be non-dischargeable.  It may become non-dischareable on the grounds of “fraud” and you can be fined at a minimum. The bankruptcy trustee can review your purchases prior to filing for bankruptcy and [...]

Bankruptcies Hit Michigan Retirement Communities

Recently, the questions we get regarding filing bankruptcy after retirement has escalated.  Newsweek ran an article  – http://www.newsweek.com/id/224154 that may be worth reading if you are contemplating bankruptcy and you are retired.
If you are a senior citizen contemplating bankruptcy or if a loved one of yours needs help from large medical or credit card debt, the sooner you understand your [...]

Wage Garnishment & How it’s Effects

One of the worst parts about struggling to overcome debt is wage garnishment.
In many instances, creditors who receive judgment against you can have your wages garnished which means your paycheck will not even reach your bank account but instead go straight to the creditors.
If this is happening to you, then you can understand how negatively [...]

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