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...
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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...
3 tips for avoiding bankruptcy this holiday season
With summer ending, the holidays are just around the corner. If you are on a tight budget, you may have a lot of concerns about the holiday season already. Buying presents and decorations can put a strain on your finances. This can be especially troubling if you are...
Is bankruptcy a good idea if I own my home outright?
Many people work hard for years to pay off their homes. When you paid yours off at long last, you must have felt incredibly proud. Whether your mortgage lasted for 15 years, 30 years or another length, it was too long. You must have often felt like no end was in...
3 items you can keep when you file for bankruptcy
Many people are apprehensive about bankruptcy because of the common misconception that you will have to liquidate all your assets. On the contrary, the objective of bankruptcy is to facilitate repayment of debt, and if this can be done without liquidation, it is...
How disability can impact child support payments
Disability can change a Michigan family's life significantly, especially if a newly impaired parent's income was the basis for child support payments. Because disability can significantly affect a person's ability to work, it can often be accompanied by a sharp...
Female Breadwinners Can Creatively Manage Alimony Responsibility
Female breadwinners in Ann Arbor, Michigan are breaking the glass ceiling, achieving career success and earnings that outpace their male counterparts. As female breadwinners make great strides toward equality, many are coming to grips with the fact that they will be...
How to stop foreclosure on your Ann Arbor home
If you have been unable to make mortgage payments for a while, you may be facing a home foreclosure. The prospect of losing your home can cause a lot of anxiety and stress, as well as a great deal of confusion about how to proceed legally. With so much weighing on...
Child support outcomes can vary greatly
The child support situation can vary greatly for people in Michigan and across the United States depending on the financial circumstances of both parents and the specific needs of a child. When people are considering divorce, child support can be a major financial...
Changing gender roles can impact divorce decisions
For couples in Michigan, shifting views of gender roles can lead to stresses on a marriage. Many couples are forming marriages built on a basis of gender equality and mutual achievement in the workplace, but many others marry with presumptions about traditional gender...