Roose Law PLC Legal Blog
What are the Chapter 13 bankruptcy debt limit requirements?
Michigan debtors who have reached the point where they have run out of alternatives to get back on stronger financial ground will often consider bankruptcy. Personal bankruptcy is a proven and legal way to clear debt, but knowing which chapter is right for the...
Bankruptcy cases may spike due to medical debt from health crisis
In Michigan and across the United States, 2020 and 2021 have been difficult. People have needed to adapt in many ways with their jobs being affected, children taking part in remote learning, leisure activities being canceled and, for the most unfortunate, illness....
Debt relief and prioritizing debts
While paying bills is part of life, when individuals in Michigan and elsewhere face financial troubles, the inability to pay bills is all one can think about. Struggling to make ends meet because of costs going up or income going down often means determining what...
Do I qualify for Chapter 7 bankruptcy?
Chapter 7 bankruptcy is an important legal option that can provide Michigan residents with a way to eliminate many of their burdensome debts. However, Chapter 7 bankruptcy is not available to all debtors. To qualify for Chapter 7 and its protections, a debtor must...
Options for addressing burdensome credit card debt
Debt is a reality in the lives of many Michigan residents. While some debts, like mortgages and car loans, are necessary for the acquisition of large purchases, others happen because of unexpected life changes and emergencies. A Southfield resident may go from...
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...