The economic hardships of recent years combined with the burst of the "housing bubble" caused many Michigan families to get behind on their mortgage and/or property taxes.  Although things may be improving now for some families and individuals, many homeowners are still trying to dig out the financial mess.  This includes dealing with past due property taxes that may have them facing a foreclosure…

When it comes to finances and debt management, your credit score (and how to improve it) is what is on most people's minds!  To some, a credit score can really impact how they view themselves.  As the third installment of our blog covering various debt relief options, we take a deeper dive into how your credit score may be impacted by how you choose to resolve your debts. To get a personalized evaluation…

Since our firm was founded in 2003, we have continued to grow our debt relief practice.  We are excited to expand further to downtown Detroit, with a new office space conveniently located in the United State Bankruptcy Court building at:   211…

This is the second installment in our 5-part series exploring the implications of various debt resolution options. One of the biggest concerns about managing debt or trying to negotiate with creditors is unexpected creditor actions, such as:

• Judgments; • IRS Levy; • Garnishment; • Or even just constant threats or harassing calls.

What Legal Protections…

Weighing your debt resolution options can be overwhelming.  We are posting a 5-part blog series over the next month to help breakdown some of the most common and important considerations. Here are the topics we will be covering:

• What are the tax consequences?
• How the debt is settled - lump sum payment vs. structured payment plan.
• Impact in your…

Some times circumstances change during the course of a bankruptcy filing that my necessitate converting your case from a Chapter 13 to a Chapter 7 or vice versa. If you circumstances have changed, you should consult with an attorney before taking any action as there are qualifications and implications for converting your case.  We usually encourage clients that are already represented by counsel…

A reaffirmation agreement is a new contract between a creditor and the debtor(s) in a Chapter 7 Bankruptcy.  Simply put, it is a

promise to pay the debt.  The legal document outlines the terms in which the filing debtor(s) agrees to remain liable or legally responsible for a debt that would otherwise be dischargeable…

Filing for Chapter 13 Bankruptcy in Michigan is an extremely beneficial program, but there is a process you need to go through with the court in order to take advantage of the program.  Finding the right attorney to represent you is critical to your success.  Questions to ask:

• Does the bankruptcy attorney or law firm have previous experience administering Chapter…

Yes, you can still file for Chapter 13 bankruptcy protection if you are currently unemployed or become unemployed while you are in the repayment process.  Mainly you just need to have some source of income to maintain payments into the Chapter 13 plan, even at a reduced level. We welcome your questions about filing for Chapter 13 in Michigan.  Our firm specializes in helping Michigan residents find…

This week the American Bankruptcy Institute (ABI) held its 10^thannual "Detroit Consumer Bankruptcy Conference" in Troy, Michigan.  The day long conference covered issues pertaining to both Chapter 13 and Chapter 7 bankruptcies, such as:

• Handling claims in a Chapter 13 bankruptcy;
• Real estate issues in Chapter 7 cases;
• Debtor's Duties…