
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…
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People behind on credit cards declined, but people behind on mortgage payments increased. Huh? Don’t people value their home more than a credit card? That was the conventional wisdom, which a friend of mine points out is usually neither conventional or wise. The CNBC story linked to above wrongly states that mortgages are non-recourse loans….
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