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Bankruptcy News & Resources - Learn about updates and resources from Macomb County Bankruptcy Law Firm

The Difference Between a Chapter 13 and a Chapter 7

The two most common types of bankruptcies are a Chapter 13 bankruptcy and a Chapter 7 bankruptcy. Although we do not practice Chapter 13 bankruptcies in our office, they still need to be mentioned because if you are not eligible for a chapter 7, you most likely will file a chapter 13. Chapter 7 Bankruptcy… View Article

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What You Should Know About Payday Loans

The payday loan industry is a controversial one, with regular disagreements over what regulations should be placed on payday lenders. As lawmakers explore regulating the payday loan industry, one man who played a major role in bringing payday loans to Michigan speaks out about his experience with the payday loan empire that he operated. As… View Article

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Men and Women Have Different Reasons for Seeking Bankruptcy Protection

Bankruptcies occur among people of both genders. However, men are more likely than women to go bankrupt. One study of bankruptcies over the course of 2014 found that 60 percent of the debtors who went bankrupt were male compared with 40 percent of the debtors who were female.  However, the number of bankruptcies among women… View Article

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