How the law shields debtors from collectors of credit card debt

It is unfortunate that so many people in Michigan and across the United States are experiencing financial difficulties. There are, however, solutions to this problem and protections accorded to debtors. Understanding how the Fair Debt Collection Practices Act (FDCPA) shields debtors from certain behaviors of debt collectors is important. Knowing the four critical rights accorded […]

Understanding bankruptcy law and credit card debt

People in Michigan can find themselves facing overwhelming debt for many reasons. Common causes include job loss, medical expenses and personal problems. However, one of the most prevalent culprits behind debt issues is credit cards. Credit card debt can cause worry and fear, especially when the debtor falls behind. Fortunately, there are legal options like […]

Alternatives to using a credit card to pay medical debt

People in Michigan who have medical bills to pay might wonder whether to put them on a credit card. There are several other options the person should try first. First, people should review their charges. Most medical bills have errors according to some estimates, and taking the time to find out whether this is the […]

Board games and bankruptcy

Don’t let board games fool you. Bankruptcy doesn’t leave you broke. Bankruptcy does the opposite. Filing for bankruptcy helps you eliminate debt through the bankruptcy discharge. A bankruptcy discharge eliminates a creditor’s ability to collect on a debt (and most debts are included). Not to mention you aren’t left with nothing. You are provided exemptions […]

What debtors must do in a Chapter 13 proceeding

Michigan residents and others who file for Chapter 13 bankruptcy protection may be able to consolidate or reorganize debts without losing property. However, they still have many obligations to their creditors even if their bankruptcy petitions are approved. For instance, they must submit a payment plan with their petition and stick to it for either […]

Debtor obligations to achieve bankruptcy discharge of debts

Excessive medical bills, job loss and other situations sometimes send debtors in Michigan to bankruptcy court. Bankruptcy laws generally provide a path out of financial hardship, but people filing for bankruptcy protection must comply with necessary requirements to gain a general discharge of debts. Some types of debts, however, may remain active because they do […]

What happens to my debts when I die?

People are often concerned about burdening their family with their debts when they pass on. Many people in Michigan fail to realize that those debts won’t become the responsibility of their family (unless they have co-signers). If the individual who passes has minimal assets; oftentimes, sending a notice with a death certificate is enough to […]