Roose Law PLC Legal Blog
How can lien stripping help me if I am in a financial pinch?
Many people in the Detroit area have to use their home equity to support themselves during difficult financial times. For example, when an unexpected repair comes up, a family may have to take out a second mortgage. Likewise, other Michiganders might take out a Home...
Are there advantages to filing for Chapter 13 bankruptcy?
The year 2020 was a difficult year for many in Southfield. Some people may have incurred significant medical debt that they cannot pay back, especially if they were furloughed without pay, let go when their workplace closed its doors, or even went back to work but at...
What to do when caregiving leads to significant debt
Many adult children in Michigan act as caregivers to their elderly parents. And while this act of altruism is a good thing, it can lead to many expenses, debt and in some cases ultimately bankruptcy. Expenses involved with caregiving There are many expenses involved...
What is the Fair Debt Collection Practices Act?
Amassing debts can be difficult and overwhelming for Michigan families. While some may be able to manage their mortgages, car payments, and credit card balances, others may struggle to make the minimum payments on their credit accounts just to keep the lights on in...
2020 sees $83 billion payoff in credit card debt
Many people in the Southfield area carry at least some credit card debt. Some of these people may find paying off their credit cards every month to be relatively simple. However, many people find that their credit card balances are always rising, with interest...
Understanding wage garnishment in Michigan
The past year has been financially difficult for many people in Michigan. For anyone who is subject to a wage garnishment, it is helpful to understand what that means and how an attorney may be able to help. Garnishment is a process that allows a creditor to collect...
What is bankruptcy and when is it the right choice?
Bankruptcy is in the news frequently, with brick-and-mortar retail businesses and restaurants going under as well as individuals filing for personal bankruptcy. Bankruptcy sometimes has negative preconceptions, that it will ruin a person’s credit, that they will have...
Debt relief options in a struggling economy
A tough economy and continuing pandemic are leaving many Americans behind. Being in debt, faced with cuts in health insurance coverage, unemployment or reduced hours, many people are feeling like it will never end. Fortunately, there may be short-term relief for...
Discharging medical debt
While many people have been struggling with making ends meet during hard economic times, the ongoing health crisis has also left many with mounting medical debt and no way to pay it off. For Americans who have either fallen ill or had to take care of a loved one, a...
Will a Chapter 7 bankruptcy help me with foreclosure?
Although a looming foreclosure may be a big reason why a family in the Detroit area considers a bankruptcy in the first place, the most common type of consumer bankruptcy, a Chapter 7, only offers limited assistance to families who are facing the loss of their home....