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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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Detroit Bankruptcy Attorneys |
Contact a bankruptcy attorney for help today
Close to you
Where can you find the best bankruptcy lawyers in Detroit? Right here at Michigan Attorney Lawyers. As bankruptcy lawyers. we serve all of Detroit, and the rest of Michigan including Oakland County, Wayne County, Washtenaw County and Livingston County.
 Bankruptcy lawyers
While some people might want to file bankruptcy themselves, there are very good reasons to use experienced bankruptcy attorneys. For a complex procedure that will impact your life for many years to come, this isn't the time to skimp on money and cut corners. Would you hire a cut-rate paramedic to perform surgery on you? You probably wouldn't want a discount paralegal to do something as major as this either. Paralegals cannot even give you legal advice — only attorneys can offer professional counsel — or else they're practicing law without a license which could result with detrimental consequences, You're already in a very difficult situation: Are more potential financial problems really what you want?
There is affordable action
Of course you don't have lots of money on hand to pay for lawyers. If you did, you wouldn't be in the situation where you are preparing to file a Chapter 7 or Chapter 13 Bankruptcy. Payment plans, however, can be worked out where you can spread out the payments and still get the fresh start you deserve. Contact Michigan Attorney Lawyers to learn more about your rights and legal options.
Call Detroit bankruptcy lawyers for help right now!
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