On behalf of Babut Law Offices, PLLC | Jan 6, 2021 | Bankruptcy
The pile of debt continues to mount and now overwhelms you. You have resorted to unwise actions such as paying off credit card bills with other credit cards. But now you are faced with another challenge: You have lost your job. How will you overcome debt? Where is the...
On behalf of Babut Law Offices, PLLC | Dec 4, 2020 | Bankruptcy
Forces beyond your control stack the deck against your finances. Wage stagnation proves a problem for most people. But as a senior citizen, it may be difficult for you to find a steady job in the first place. Companies in Michigan and beyond are shifting from pension...
On behalf of Babut Law Offices, PLLC | Sep 15, 2020 | Bankruptcy
Many people avoid filing for bankruptcy because they worry about losing their possessions. In fact, bankruptcy laws allow filers to keep certain assets, including equity in a primary home and a vehicle. Before pursuing bankruptcy in Michigan, review the state’s...
On behalf of Babut Law Offices, PLLC | Jul 16, 2020 | Bankruptcy
Many people who file bankruptcy only need to do so once to discharge or repay their debts. Yet, yours may have continued mounting after your first bankruptcy. You may fear that you cannot file a second time. But you can do so, depending on the date of your previous...
On behalf of Babut Law Offices, PLLC | Jun 9, 2020 | Bankruptcy
If you experience financial hardship to the point where you are unable to pay down your debt and afford basic living expenses, you may consider filing for bankruptcy. There are two types of bankruptcies for which consumers can file: Chapter 7 and Chapter 13. Chapter...
On behalf of Babut Law Offices, PLLC | Apr 29, 2020 | Bankruptcy
Making the decision to file for bankruptcy takes a lot of consideration. Although it gives people a fresh start, it also negatively affects one’s credit and ability to borrow money. The good news is it does not take long to bounce back if one is responsible and takes...
On behalf of Babut Law Offices, PLLC | Apr 20, 2020 | Bankruptcy
Although the Affordable Care Act was designed to help minimize medical costs and ensure all Americans have access to affordable insurance options, millions of Americans suffer from medical debt. Whether they have recently been diagnosed with a chronic medical...
On behalf of Babut Law Offices, PLLC | Mar 31, 2020 | Bankruptcy
Once you have made the decision to file bankruptcy, there are many aspects of the process that you want to be aware of. For example, different varieties of bankruptcies have different stipulations regarding keeping your current property. Many people worry that they...
On behalf of Babut Law Offices, PLLC | Feb 27, 2020 | Bankruptcy
Many people who are looking at filing personal bankruptcy wonder if Chapter 7 or Chapter 13 bankruptcy is the better option. There are many things to consider when choosing the right bankruptcy plan for you. According to Credit Karma, you are likely to clear your...
On behalf of Babut Law Offices, PLLC | Jan 27, 2020 | Bankruptcy
The key dates in your filing is the date you actually file your case. That is actually considered the dates that the order for relief is granted. According to US Courts, from that moment on, you are protected from your creditors. They can not call you, sue you, harass...
