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May 1, 2008
Today, in the United States, states have created usury laws in order to set a maximum legal interest rate limit. Because Congress has chosen not to regulate interest rates on a national level, individual states have made the decision to to protect their consumers. Unfortunately, the usury cap is still at a very questionable rate and in the last twenty or so years it has only risen. In the state of Michigan, the usury rate is currently 25%. Which begs the question, why have interest rates been allowed to soar to such outrageous amounts?
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January 28, 2008
As it stands now, Chapter 13 bankruptcy is the most effective tool in saving your home from foreclosure. It allows you to get caught up, while freeing you from other debt you may have. However, there is a call to allow bankruptcy judges to help even more. Jack Kemp, the former secretary of Housing and Development, recently wrote an opinion for the Los Angeles Times. In it, he outlines changes that could make Chapter 13 bankruptcy more helpful to homeowner ’s and the economy in general.
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Michigan Bankruptcy Attorneys |
The experienced team at Second Start, PLLC are here to help people in financial trouble understand their options, make choices, and take actions to prevent debt problems from growing out of control. It's never too early to talk to us. The professionals of Second Start PLLC provide and develop a plan that allows a debtor — who is unable to pay creditors — the opportunity to resolve those past debts by dividing the existing assets among the creditors. This supervised division also allows the interests of all creditors to be treated with some measure of equality.
Michigan Attorney Lawyers will cease the demanding debt-collector calls, and put the credit burden behind you. Professional bankruptcy attorneys in Michigan have prepared this site to help you get the bankruptcy information you need, and find a personal bankruptcy lawyer that has your best interests in mind.
If consumer/ credit card debt has you buried, if harassing creditors are calling at all hours, if you have been threatened with lawsuits and other collection activities — this comprehensive web site will provide bankruptcy information to help you determine the options available.
Filing bankruptcy is a major decision and can result with many benefits for the debtor including legal action to stop foreclosure, wage garnishment and creditor harassment.
Whether you're contemplating a Chapter 7 Bankruptcy, a Chapter 13 Bankruptcy or just want to know more about Detroit Bankruptcy Court — comprehensive bankruptcy information is available right here, provided to you by a Detroit Attorney. Our experienced team of attorneys serve not just Detroit, but all of southern Michigan, including: Wayne County • Livingston County • Oakland County • Macomb County and Washtenaw County.
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