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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 Lawyers |
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Michigan Bankruptcy Lawyers for help today!
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Where can you find the best bankruptcy lawyers
in Michigan? Right here. You see, as bankruptcy
lawyers, we serve all of Michigan, including
Metro Detroit.
 While some people might want to file
bankruptcy themselves, there
are very good reasons to use bankruptcy lawyers.
For a complex procedure that will impact your
life for years to come, you don't always want
to skimp on money and cut corners. You wouldn't
hire a cut-rate paramedic to perform surgery
on you, would you? Why would you want a discount
paralegal to do something as major as this?
They can't even give you legal advice - for
that you need lawyers - or else they're practicing
law without a license. Is that really what
you want?
Affordable
Of course, you don't have lots of money
on hand to pay for lawyers. If you did,
you wouldn't be getting ready to file
Chapter 7 bankruptcy. But
payment plans can be worked out where
you can spread out the payment and still
get the fresh start you deserve. Drop
us a line to find out how our lawyers
can help.
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