Personal Bankruptcy

One of the violations of the Fair Debt Collection Practices Act (FDCPA) enforced by the Federal Trade Commission (FTC), is collecting a non existent debt. Debt Collectors resort to creating phantom debts or bringing old and paid debts to life in search of easy money.
Creditors, unable to recollect debt from debtors, usually sell debts to [...]

There’s no magic formula for deciding when bankruptcy is the right choice. It’s an option you might consider if you are paying only minimum amounts on your bills, can’t budget yourself out of debt within five years or are getting notices that your mortgage or loans are being foreclosed. It’s an alternative when you’ve had [...]

Because there are a number of different bankruptcy chapters, many people think that wage earner bankruptcy is a chapter to itself. However, wage earner bankruptcy is merely a different way of referring to a chapter 13 bankruptcy, also known as reorganization bankruptcy. Wage earner bankruptcy or chapter 13 in bankruptcy refers to the form of [...]

Michigan is currently leading the nation in foreclosures. I frequently am asked, “What are the steps mortgage companies take during foreclosures? What should I expect next?” The following timeline outlines what happens when house payments are not made.
After 16 days the mortgage company charges a late fee. The amount varies, but can be as much [...]

If you are engulfed with monetary problems that are difficult to shake off then filing bankruptcy can be a great option for you. Personal bankruptcy filing hampers your credit report for the upcoming 10 years. But it is the best relief option to bank upon when every other option fails.
Bankruptcy filing under Chapter 7 and [...]

February is tax season, when the winter property taxes become due. While often property taxes are included within a mortgage payment, when it is not, the property tax payments can be a burden. Many households then wind up doing a balancing act of deciding which bills take priority. If property taxes are not paid, usually [...]