During the pandemic, bankruptcy filings dropped as federal aid helped people pay their bills. Unfortunately, bankruptcy filings have been steadily on the rise since then. According to U.S. Bankruptcy Courts statistics, there were 517,308 bankruptcy cases filed in 2024. That’s a 14.2% increase from the 452,990 filed in 2023 and up from 387,721 filed in […]

Are you struggling to pay off your student loan debt? When paired with all your other required monthly payments, do you feel like you’re drowning in debt? This is an unfortunate situation. And given the high cost of a college education, one that’s happening all too frequently. You may be so underwater that you’re wondering […]

If you’re facing what seems like insurmountable debt, you may be wondering if you can use your retirement savings instead of filing for bankruptcy. The straight answer is yes. But the more important question is whether you should. This is a quandary better handled by skilled bankruptcy attorneys. Because although it may sound scary, declaring […]

Corporate bankruptcy filings in the United States reached a 14-year high last year. In 2024 alone, 694 public and private companies filed for bankruptcy protection. This rise in corporate bankruptcies is alarming. The previous high was 638 in 2020 as the U.S. and global economies were hobbled by the COVID pandemic. In 2010, 828 companies failed […]

If you’re seeking relief from financial stress, you may be considering filing for bankruptcy on your own. After all, why hire a lawyer when money is tight and you want to keep this process as low-cost as possible? Here’s why. Filing for bankruptcy requires careful planning and an acute knowledge of every step of the […]

Are you currently facing insurmountable debts? Perhaps you’ve already looked into debt negotiation or consolidation but to no avail. And if you’ve found no success in working with creditors to create a feasible payment plan, it might be time to consider bankruptcy. Yet, if you have a sizable retirement account, you may be wondering how […]

Missing mortgage payments and facing foreclosure on your home can be a terrifying experience. You may think there’s absolutely no way out. Fortunately, you can prevent and stop foreclosure through bankruptcy. Filing for bankruptcy can pause the foreclosure process and possibly keep you from losing your home. While it won’t wipe out your mortgage debt, it can […]

During these tough financial times, perhaps you’ve found yourself in debt. It’s possible you’ve borrowed against your house to pay off some of those debts and are now falling behind on your mortgage payments. If you’re facing the daunting possibility of losing your home, filing for bankruptcy to prevent foreclosure is an excellent option to […]

If you’re deep in debt, you may be considering filing for bankruptcy. And your financial situation may have you convinced that you should file for Chapter 7 bankruptcy in Michigan on your own. This can be a huge mistake. Filing for bankruptcy isn’t like doing a DIY project with instructions and steps you find on […]

If you’re trapped under a mountain of debt and see no clear way out of it, a Chapter 7 bankruptcy could wipe out that debt and give you a fresh start with your finances. Filing for Chapter 7 bankruptcy, however, can be  complicated if you’re attempting to handle it on your own. That’s why it’s […]