If you’re a small business owner in Detroit or elsewhere in Michigan, then you know you have more obstacles to clear than larger companies in remaining solvent. And with the economy being especially unpredictable right now, there’s an increase in small business owners facing bankruptcy. This is when small business owners in Detroit and throughout […]

The idea that bankruptcy is just for low-income consumers is a misconception. In fact, according to a recent article that references the credit scoring company VantageScore, American consumers with prime and even super-prime credit scores are starting to miss debt repayments and facing some financial challenges. That means that those who have high credit scores […]

The impact on U.S. consumers with overwhelming debt from credit cards, student loans, personal loans, auto loans, and mortgages right now is crushing. These consumers are in, or are entering, a personal debt crisis.  If you are one of the many who are experiencing this, you may not know that bankruptcy is a very viable […]

For many, having a vehicle is more of a necessity than a luxury. Especially in Detroit and its surrounding areas, where there is a dearth of public transportation. Unfortunately, the necessity of owning a vehicle means that some people have to resort to high-interest rate auto loans to make it a reality. Furthermore, they may […]

Rising utility costs in Southeast Michigan, particularly during the colder months, and the threat of an impending disconnection or shut off, can be a deciding factor for some families in choosing to file for Chapter 7 bankruptcy. During Michigan’s cold winters, a utility shut off could be dangerous or lead to other costly issues like frozen and burst pipes. Filing Chapter 7 bankruptcy […]

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 […]