Posted By Michigan Bankruptcy Attorney
Being faced with the potential loss of your home is one of the most frightening situations any homeowner can experience. You could have been making timely payments for years but now, due to unforeseen circumstances, you have suddenly found yourself unable to pay on time, or even make payments at all. Your financial troubles may have started as a result of a divorce, a costly medical procedure or ...
Posted By Michigan Bankruptcy Lawyer
While bankruptcy is most often used as a tool to eliminate debt, either quickly or gradually, it can also be utilized for its secondary advantages. For example, someone who is facing the loss of their home might take steps to initiate the bankruptcy process in an effort to delay foreclosure, or stop it all together. Since the court will grant an automatic stay as soon as the debtor's petition ...