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If you are filing for bankruptcy, you will have to attend what is commonly known as a “341 meeting” of creditors. This will not be a court appearance, but rather a meeting held in a less formal environment. The outcome, however, will be important to...

When Michigan parents get a divorce, they must decide who will get custody of the children. Legal custody refers to who has the right to make major decisions about such issues in the child's life as religion, education and medical care. Parents might share legal...

When parents in Michigan make the decision to divorce, they may wonder how they will handle time away from their children. When both parents are accustomed to sharing one home with their kids, adapting to a child custody and visitation schedule can be emotionally and...

When unemployment or medical problems strike Michigan residents, incomes could fall and bills may go unpaid. However, bankruptcy could represent a viable approach for eliminating debts and reclaiming financial health. Legal and financial advisers view bankruptcy as a...

Divorce can be hard on children, but there are a number of things parents in Michigan can do that will make the transition easier. For example, it is important for parents to talk to children about everything from whether they think they are responsible for the...

When people in Michigan struggle with overwhelming debt that seems impossible to repay, there may be only one way forward to help protect their financial future: bankruptcy. However, for many, the costs associated with filing for bankruptcy can make this option...

Michigan residents and others who file for bankruptcy may see their credit score drop by as many as 200 points. However, a lack of negative information on a credit report prior to the bankruptcy has little impact on how much damage it will do to a specific individual....

When couples in Michigan divorce, they may find that the financial aspects of ending a marriage can outstrip even the emotional obstacles. This can be especially true in the case of retirement funds, which generally represent significant investments. Often, both...

Michigan residents and others who have student debt may be familiar with the fact that those debts usually cannot be discharged in bankruptcy. The only way they can be discharged is if a student would experience an undue hardship if forced to repay them. While undue...

While divorce is often associated with younger people, statistics show that in Michigan and across the United States, an increasing number of divorces happen later in life. Over the past 25 years, the rate of divorce for Americans over the age of 50 has more than...