Category Archives: Bankruptcy News

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 [...]


 

New Michigan Foreclosure Law – July 5th, 2009

Governor Jennifer Granholm signed a new Michigan law modifying foreclosure and loan modification rights (2009-PA-0029, 2009-PA-0030, 2009-PA-0031) to help financially distressed homeowners on May 21, 2009. The new foreclosure law takes effect today, July 5, 2009. We have posted a copy of the new Michigan foreclosure law.
Visit our new Squidoo lenses!  http://www.squidoo.com/michiganbankruptcyinformation


 

Bankruptcy Filings Continue to Rise

June 08, 2009 —
Bankruptcy filings for the 12-month period ending March 31, 2009, were up 33.3 percent over bankruptcy filings for the 12-month period ending March 31, 2008, according to statistics released today by the Administrative Office of the U.S. Courts. March 2009 bankruptcy filings totaled 1,202,503, compared to the total 901,927 bankruptcy cases filed [...]


 

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