Roose Law PLC Legal Blog
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....
Cures for medical debt
Medical treatment can cause financial ills. According to recent research by Ascent, 16 percent of Americans, 52 million people, have medical debt in collections. This situation can lower credit scores and lead to expensive monthly repayment plans. There are options,...
Credit card debt level falls to lowest rate in three years
Millions of people in America, including some in Michigan, struggle with credit card debt as they work through their individual and household budgets. Some do their best to pay their monthly minimum payments. Others simply aren’t able to find a way to address debt...
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...