| |
| |
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?
More... |
| |
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.
More... |
|
| |
|
Wage Garnishment |
1. Wage garnishment in Michigan is
a shocking and traumatic event. All of a sudden,
25% of your income is attached and you never
see it (up to 50% in some custody claim cases).
And it all starts when a creditor has filed
a Earnings Withholding Order to collect on a
debt and garnish wage.. Suddenly, someone who
was just barely getting by, treading water,
is now missing one-fourth of their take-home
pay.
 There
are a couple of things someone who has
had their wages garnished can do. One
of them is to file a Claim of Exemption
form. This is not an easy way to go,
and you'll probably want an attorney
to assist you. The standard is fairly
high, but from time to time, these allow
you to decrease the amount they withhold.
One other thing you can do is hire a Detroit attorney to file bankruptcy on your behalf. Immediately,
the creditor whose debt is being paid by the
wage garnishment will be put on notice and have
to stop this garnish wage and attempt to collect
on a debt. You can file bankruptcy, Chapter 7 bankruptcy or Chapter
13 bankruptcy to stop the wage
garnishment in Michigan.
But hurry. Every moment you delay is risking
another paycheck that gets shorted, funds going
to "them" which you can be using for
groceries and food. You cannot afford to lose
25% of your pay check. Stop the wage garnishment
now.
CONTACT
AN ATTORNEY RIGHT NOW AND MAKE IT A RUSH JOB
|
|
| |
|
|
