In one of our earlier blog articles, the Lansing Bankruptcy Attorneys discussed the “American Dream”. The dream is to own your own home where you and your family can be free from the stresses of the outside world. But when you have to choose between heat and food or making your monthly mortgage payments, […]
Author Archive | midebtrelief
Michigan Bankruptcy Often a Result of Divorce
What are the main reasons people give for why they filed for bankruptcy? Our experience handing Michigan Bankruptcy cases tells us that while there are several reasons to file bankruptcy, the most common reasons are: • Divorce • Death of a spouse • Medical bills • Loss of employment Many people experiencing divorce […]
Consumer Alert – Your Private Information is Being Sold
The attorneys of The Kronzek Firm are in the business of protecting our clients all over Michigan. Admittedly the information below is out of the usual scope of our various practice groups, but it still falls into the category of protecting our clients. In this instance, we present some very important facts about your private […]
Try Federal Homeowner Programs Before Filing For Bankruptcy
As Michigan bankruptcy attorneys who represent individuals in debt-related matters, a common issue our clients face is their fear of losing their home due to mortgage arrears and/or a pending foreclosure. Before a person files for debt relief under the U.S. Bankruptcy Code, we suggest they investigate whether they qualify for other alternative remedies, […]
Is There a Right Time to File for Bankruptcy?
I recently read an article in the news that said that the U.S. economy is going to be in a slowdown for the foreseeable future. This is not good news for the many business who are eagerly waiting for a real recovery that will allow them to expand and grow their businesses. It is […]
Foreclosures Causing Loss of the American Dream
Imagine working for years to obtain your dream home. Now imagine coming back from a family trip to receive a single letter in the mail, a letter that will change your world and shatter your dreams. Sure you’ve been behind on your mortgage, but you never thought it would come to this. You never […]
Discharge of Federal Student Loans: Alfes Case Clarifies Sixth Circuit Position
The U.S. Court of Appeals for the Sixth Circuit recently affirmed the district court’s judgment affirming the bankruptcy court’s order granting summary judgment (dismissal) in favor of a guarantor of student loans. The case is Alfes v. Educational Credit Management Corporation (ECMC) released on March 12, 2013. Procedural History Here is an overview […]
US Supreme Court to Hear Case Challenging Quicken Loans’ Mortgage Fees
It is no secret that most people can’t afford to pay cash upfront for their homes. So, people secure financing from a lender, make monthly payments to the lender and still live in and own the home. One such lender is Quicken Loans. In this case, the United States Supreme Court will decide whether […]
Twinkie Maker Files for Chapter 11 Bankruptcy
Twinkie lovers were upset when they heard the news that Hostess, the Texas company that manufactures Twinkies, filed for Chapter 11 bankruptcy. As it turns out, Twinkie enthusiasts do not have to worry: Hostess has obtained financing to continue manufacturing the snack while restructuring their business under the Bankruptcy Code. The company cites a […]
