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May 1, 2008

Interest Rates, State Usury Laws, and the Federal Government: What Went Wrong?
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

Bankruptcy Can Help Even More
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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Credit Card Debt

The most common type of debt people like you have is credit card debt. Why? Because the big credit card companies and banks have been seducing you with offers of new credit cards, lower interest rates, courtesy checks and cash advances for years.

Is there credit after bankruptcy? Attorney Debt Settlement - Credit Card Debt? Call today 1-800-SAVEDME


Credit Card Bankruptcy

Credit card debt, in most cases, is almost always dischargeable in bankruptcy (meaning that you can get rid of it). You will likely not have to repay your credit cards in a Chapter 7 bankruptcy. However, you will have to be careful that there are no elements of bankruptcy fraud surrounding your case, or a judge will likely not allow you to discharge your credit card debt in bankruptcy.

We 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 too talk to us.

Michigan Bankruptcy Attorney provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors. This supervised division also allows the interests of all creditors to be treated with some measure of equality.

Letting us help will cease the debt collector calls and put the credit burden behind you. Bankruptcy attorneys in Michigan have prepared this site to help you get the bankruptcy information you need and find a personal bankruptcy lawyer.

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, you will find comprehensive information in this bankruptcy site to help you.

Filing bankruptcy is a major decision, with many benefits, including to stop foreclosure, wage garnishment and creditor harassment.

So, whether you're contemplating a chapter 7 bankruptcy or a chapter 13 bankruptcy, or just want to know where the Detroit Bankruptcy Court is, all the Detroit personal bankruptcy information is right here, brought to you by a Detroit attorney.

 
 
 
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This is a DEBT RELIEF AGENCY.  We help people file for relief under title 11 of the United States Bankruptcy Code.

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