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Dealing with collection accounts
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Collection accounts happen when creditors determines they will be unable to collect payment by standard means and transfer the debt to a collection agency. This agency will then pursue a debtor in attempt to collect payment. Collection accounts are a problem that many Michigan residents face, but it can help to know more about how […]

Mar 15, 2017
Can I keep my home after filing for bankruptcy?
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If you are struggling to pay your bills in Michigan each month and can barely afford to keep the roof over your head, you may be considering filing for bankruptcy. Although this offers you the opportunity to put an end to the stress and frustrations you are experiencing from not keeping current on your mortgage, […]

Mar 14, 2017
Dealing with children’s emotions during a divorce
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Michigan parents who are ending their marriage should try to talk to thei children together when they tell them about the divorce. The right timing may make the process less difficult. March and August are the most popular times to file for divorce. The former month allows parents to deal with many aspects of the […]

Mar 7, 2017
Understanding the Deadbeat Parents Punishment Act
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Michigan residents may have heard about the Deadbeat Parents Punishment Act. It was created in 1998 to penalize those who travel to another state in an effort to willfully avoid paying child support. Parents may be punished if they cross state lines for the purposes of avoiding support payments, fail to make payments for more […]

Mar 1, 2017
An explanation of the bankruptcy means test
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Michigan consumers who are considering filing for bankruptcy must first pass a means test. This examines their income and financial obligations and determines whether they are eligible to file for Chapter 7 bankruptcy. A Chapter 7 bankruptcy allows a person to have most debts discharged with a few exceptions such as student loans. However, if […]

Feb 22, 2017
Bankruptcy and car loans
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When a Michigan resident purchases a new car but then has difficulty making the monthly payments, giving up the car could still leave money that must be paid on the loan. If the lender sells it after a repossession for less than the loan balance, the remainder is called a loan deficiency. The lender can […]

Feb 15, 2017
Court gives guidance on how trustees handle returned money
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In some Chapter 13 bankruptcy cases in Michigan, creditors may return money that is paid to them to the bankruptcy trustee. A 2016 ruling in an Alabama bankruptcy court provides some guidance about how returned money might be handled. In one of the cases, a debtor successfully completed his Chapter 13 bankruptcy repayment plan and […]

Feb 9, 2017
Spending trillions for medical needs: A breakdown of costs
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Healthcare costs in the United States are projected to account for 17 percent of the country’s economy, translating to over $9,110 spent per person on medical needs. Despite the trillions of dollars that fall into this portion of the economy, little is known about how the costs breakdown. A recent study published by the Journal […]

Feb 6, 2017