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August 2017 Archives

Student loans linked to surge in prenuptial agreements

Prenuptial agreements have become far more common in Michigan and around the country in recent years according to a 2016 survey from the American Academy of Matrimonial Lawyers. The association's members say that requests for prenuptial agreements have increased by 61 percent over the last three years, but they also point out that the reasons given by couples for wanting one have changed.

Bankruptcy attorneys object to trustee password request

When Michigan consumers file for Chapter 7 bankruptcy, they are asked to provide information to trustees about finances and various accounts. However, at least two trustees in Maryland have deviated from the usual procedure by making a request for information that bankruptcy attorneys have called intrusive and warn may discourage others from filing for bankruptcy.

Understanding the changes in Michigan's medical marijuana law

With ever-changing marijuana laws across the country and in Michigan alone, it can be confusing to understand what is legal or illegal. Medical marijuana is legal in Michigan and the law just underwent several changes. A lot of people are wondering how many plants a patient or caregiver can grow.

Credit cards and the death of a holder

Michigan residents dealing with the aftermath of a loved one's death might have to deal with unpaid debts on credit cards. When someone who was the sole account holder dies, then the creditor could make a claim for the debt upon the estate. Surviving family members would not be obligated to pay except for surviving spouses in community property states.

The consequences of missing different monthly payments

All your bills are flowing in and you are wondering if you are going to be able to afford them. You might be thinking of skipping a payment or two, but which ones? Skipping a monthly payment has consequences, but each one is unique. Missing a cell phone bill is much different from missing a mortgage payment.

When debt consolidation is not a solution

Michigan consumers who are struggling with certain financial obligations might consider a debt consolidation loan. While this might appear to be a way to get control of debt and lower monthly payments, it might not be a long-term solution because if a person has a spending problem, it does not address that.

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