G Is For Guilty image credit: Dreamstime Most of us have been taught to pay our bills. If you borrow money, you should pay it back. We get mad at our “friends” who don’t pay us back. Whether it is money for furniture, a truck, a car, a boat, a house, a vacation, a student…
Monthly Archives: February 2012
Detroit Chapter 7 Creditors’ Meeting
DETROIT BANKRUPTCY COURT This is it! Home of the Detroit, Michigan bankruptcy court. Nothing marking it other than the address: 211 West Fort. The initial, usually, only, court date is held here on the third floor, for both Chapter 7 and Chapter 13 creditor meetings, or, 341 hearings. Well, for certain counties in the Eastern…
S Is For Chapter 13 Step Plan
S is for Step Plan image by: dreamstime image by: dreamstime Chapter 13 bankruptcy is difficult enough to understand. The Chapter 13 plan is the point of a Chapter 13 bankruptcy case. Chapter 13 is a payment plan bankruptcy case, as opposed to Chapter 7 or “straight” or “liquidation” bankruptcy. Clients always ask: How does the…
Home Value Gone – When Is It Smarter To Stay Or Walk?
image by: Dreamstime Home value in Michigan and everywhere else drops, again. Another new low in home prices. But, hey, we hit bottom, the rebound is just around the corner? Uh, no. From the Washington Post story linked to above: ““The trend is down and there are few, if any, signs in the numbers that…
Is $2.5 Million A Slap On The Wrist?
Michigan debt collection company AGREES to pay $2.5 million dollar fine. Would you do that if you had done nothing wrong? In virtually the same statement every P.R. person makes for every corporation caught red-handed, Asset Acceptance states: image credit: Dreamstime “In a statement, Asset Acceptance said that the settlement ended an F.T.C. investigation that began nearly…
