According to a story in the Wall Street Journal, that is where we are? or are headed? Average New Car Monthly Payment A new record in May – $656 – The monthly costs to finance a vehicle purchase have hit record highs. Consumers face monthly...
The post $1,000 PER MONTH CAR PAYMENT?? appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.
I am a week late with this follow-up as I wanted to post about the Chapter 13 debt limit being raised. So here we go! 4. Talk to your credit card issuer (I deal with the first 3 here) I suppose it does not hurt...
The post Credit Card Debt: Is Bankruptcy The Answer? Part Two appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.
Make sure you are sitting down when you read this. Congress did something right! And with support from both parties! As Judiciary Committee’s ranking member, Grassley partnered with Sens. Sheldon Whitehouse (D-R.I.), Dick Durbin (D-Ill.) and John Cornyn (R-Texas) to advance the bill, which unanimously...
The post Good News: Chapter 13 Debt Limits Raised appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.
I have taken a break from blogging and resolved to end that today. Various stuff has come up relating to bankruptcy. Getting Rid Of Credit Card Debt Riffing off of Michelle Singletary in the Washington Post: It is the worst debt to carry in good...
The post Credit Card Debt: Is Bankruptcy The Answer? appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.
Rising Interest Rates Increase Cost Of Home Purchases As values go down. ‘The picture of a softening housing market is becoming more clear, especially to home sellers who are increasingly turning to price drops as buyers become more cost-conscious under higher mortgage rates.’ The graphic...
The post Is The Housing Bubble About To Burst? (Remember Last Time?) appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.
A giant wave of bankruptcy filings has been predicted as just around the corner or going on 2 years. Instead, bankruptcy filings have dropped to the lowest level in 40 years. I have blogged about the reasons before: stimulus checks, extended unemployment benefits, but mainly...
The post Bankruptcy Wave Coming? appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.
“I would love to file bankruptcy!” said no one ever. Another person today told me “I DON’T WANT TO FILE BANKRUPTCY!”. Reminds me of people -of a certain age I have not yet attained – saying “I never wanted to be a burden to my...
The post “I DON’T WANT TO FILE BANKRUPTCY!” appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.
Seems like every day there is a new rumor about student loan debt relief. This week’s student loan blog covers some of those reports. But What About Fixing The Bankruptcy Discharge for Student Loans? Most of the blather is about some kind of outright forgiveness....
The post Bankruptcy Discharge For Student Loans? appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.
ave selected my five worst insurance bets. What are yours? 1. Credit Life Insurance You are already in the hole, you owe money, and the lender tells you: “Hey, you want your spouse and kids saddled with this debt?” Oh no, me? I am a...
The post Insurance You Should NOT Buy appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.
Waiting is bad. You know the saying: Denial is not a river in Egypt. Your finances do not improve by not opening the bills or by waiting for “them to work with me.” “They” = creditors. Banks, mortgage companies, car finance companies. They are not...
The post When Do I File Bankruptcy? appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.