Blog
How Michigan parents can help their kids cope with divorce
Concerned parents who are considering divorce should consider how a split will affect their children. Although divorce can be challenging for the whole family, children do have the capacity to be happy following a separation. According to the author of "Building...
Chapter 7 and the means test 101
Many people do not realize how crippling debt can be until they find themselves dodging phone calls from creditors and ignoring electronic and snail mail demand notices. There is even a misconception that individuals who cannot pay their financial obligations are...
Credit card debt can become an inescapable trap
Many Michigan residents fall into inescapable debt when they use their credit cards to cover basic expenses after suffering a financial setback. According to the U.S. Federal Reserve, revolving debt in the United States increased by 1.5 percent to $1.037 trillion in...
Ways to defend against a criminal charge
There are many ways in which Michigan residents can choose to defend themselves against a criminal charge. In some cases, it can be best to tell the truth and hope that the jury is sympathetic to that person's story. Of course, it is generally not in an individual's...
Overdue child support and getting a home loan
Parents in Michigan who are delinquent in paying child support may find it difficult to obtain a loan to purchase a home. Delinquent child support is classified as a derogatory credit event and can lower the likelihood of getting approved for a loan. However, there...
Debt settlement has costs
For Michigan consumers who are struggling to pay their credit card debts, it can feel impossible to catch up. In some cases, the balances outstanding are simply too high to pay down, and the cardholder might want to pursue debt settlement. Settling credit card debts...
Bankruptcy puts a new light on marriage preparations
You are no doubt looking forward to your wedding day. The invitations have been sent out, and the preparations are actually going smoothly. There is only one little issue: Your groom-to-be has recently declared bankruptcy. How will this affect your marriage? Credit...
Gray divorce more common, can cause health problems
Divorce has been linked to depression and stress that can exacerbate existing health conditions and increase the risk of other problems for seniors. People in Texas who are approaching or going through a divorce later in life should keep the increased likelihood of...
The positives of getting a prenup
A prenuptial agreement, or prenup, is a legal document that individuals can use to specify how their assets will be handled should they get a divorce. Couples in Pennsylvania who are thinking about getting married should carefully consider how prenups could protect...
Credit card debt forgiveness is rarely a panacea
Credit card debt forgiveness may seem like an attractive option to Michigan residents who are struggling financially, but they may find that pursuing this course of action is futile because debt collectors expect a sizeable upfront payment before agreeing to forgive...