Category Archives: Bankruptcy

How Will Bankruptcy Affect My Credit Score?

Many clients contemplating filing bankruptcy are concerned about the impact of filing on their credit score.  Often they believe a filing will affect their score for 8 years.  In fact, currently a bankruptcy will be part of your financial record indefinitely.  However, often the best way to improve a score in the long term is […]

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Underwater Home: Keeping the House

  As we have all experienced over the last few years, the value of our real estate has dropped dramatically.  Many of us who had substantial equity in our homes now find that we owe more than the property is worth.  Many clients also are looking at other debt that has slowly accumulated over the […]

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Mortgage Relief: Steps to Avoid Foreclosure

  Are you one of many clients looking for relief on your mortgage?  Michigan law now provides for a 90-day pre-foreclosure negotiation period, to hopefully avoid a foreclosure on your primary residence. Before a lender can begin the foreclosure process, he must send a notice (prescribed by statute) and comply with the 90-day process to […]

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