Roose Law PLC Legal Blog
How long does a bankruptcy filing last on my credit report?
As many Southfield area residents know, a bankruptcy can hurt a person’s credit score. A credit score is an important indicator of a person’s credit worthiness and it can affect whether someone can buy a house, a car, or even get an apartment. Employers may also...
Eligibility requirements for Chapter 7 bankruptcy
There are many different events in people’s lives in Michigan, which are predictable. However, there are many events that occur that are unpredictable and can have a very detrimental effect on their lives. They may suffer injuries or contract diseases, get laid off,...
Credit card debt rises with education
Debt is not necessarily based on education. College-educated households are less likely to have credit card debt. But the amount of this debt is higher when these households hold it, according to a recent study by the Ascent. Findings The study covered the percentage...
What are the different types of personal bankruptcy protection?
Personal bankruptcy protection is an important legal tool for struggling consumers to consider. Different types of personal bankruptcy protections provide protections for filing parties in different situations. Filing parties should understand these different options...
Focusing on credit card debt when digging out of a financial hole
When Michigan residents are facing tough times with their finances, it can cause quite a bit of anxiety. They look at all options to attempt to “right the ship.” For some people, putting a budget together and focusing on paying off debt and building savings is a...
Who is eligible to file for Chapter 13 bankruptcy?
Financial hardship is a difficult problem that many Missouri residents face. It can be isolating and painful to carry on one’s own, and when mounting bills become too much to handle, it can be difficult to know where to find help. For many individuals and families...