Detroit Bankruptcy Lawyer Kurt O'Keefe https://stopcreditor.com/ 24001 Greater Mack St. Clair Shores MI 48081 • 313-962-4630 • kurt@stopcreditor.com Wed, 29 Mar 2023 16:23:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 Bankruptcy Tidal Wave Coming? https://stopcreditor.com/bankruptcy-tidal-wave-coming/?utm_source=rss&utm_medium=rss&utm_campaign=bankruptcy-tidal-wave-coming Thu, 30 Mar 2023 09:43:41 +0000 https://stopcreditor.com/?p=9452 This has been predicted for going on 3 years. However, if Silicon Valley Bank cannot make it, how will consumers fare going forward? Home Prices Down? We have seen this movie before. U.S. existing-home prices fell from a year earlier in February for the first...

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]]> Less Difficult To Discharge Student Loans In Bankruptcy-And More!!! https://stopcreditor.com/less-difficult-to-discharge-student-loans-in-bankruptcy/?utm_source=rss&utm_medium=rss&utm_campaign=less-difficult-to-discharge-student-loans-in-bankruptcy Tue, 07 Mar 2023 11:43:54 +0000 https://stopcreditor.com/?p=9441 I don’t want those of you with insurmountable student loan debt to miss this so I will be repeating it:  Effective November 17, 2022, the Justice Department is backing off its longtime aggressiveness in fighting all lawsuits in bankruptcy court to discharge student loans. The...

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]]> Michigan Unemployment Debt Mess https://stopcreditor.com/michigan-unemployment-mess-and-other-debt-news/?utm_source=rss&utm_medium=rss&utm_campaign=michigan-unemployment-mess-and-other-debt-news Thu, 29 Dec 2022 15:15:52 +0000 https://stopcreditor.com/?p=9432 Debt from overpayments on unemployment, owed by the consumer who was overpaid, is generally NOT dischargeable in bankruptcy. The federal government, as part of its piece by piece knee jerk Covid response, shoveled more unemployment money to the states than the states had the infrastructure...

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]]> Catching Up On Bankruptcy News https://stopcreditor.com/catching-up-on-bankruptcy-news/?utm_source=rss&utm_medium=rss&utm_campaign=catching-up-on-bankruptcy-news Tue, 20 Dec 2022 10:53:15 +0000 https://stopcreditor.com/?p=9426 Yes, big recession coming: “Potentially the biggest financial crisis ever,” Musk posted on Twitter on Dec. 16 in response to a tweet by Wood and a series of tweets from the CEO of a car dealer group about the potential auto loan crisis. And: “I’m now convinced...

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]]> Debt Collection Cases Clog Courts https://stopcreditor.com/debt-collection-cases-clog-courts/?utm_source=rss&utm_medium=rss&utm_campaign=debt-collection-cases-clog-courts Thu, 01 Dec 2022 13:10:49 +0000 https://stopcreditor.com/?p=9415 The too much debt wave is starting to crest. Debt collection lawsuits are “overwhelming” Michigan’s district court system, often resulting in a process thatpits well-heeled creditors and debt buyers against low- and moderate- income residents, according to a newstudy. A study of Michigan’s court systems...

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]]> Can You Trust Your Bankruptcy Lawyer? https://stopcreditor.com/can-you-trust-your-bankruptcy-lawyer/?utm_source=rss&utm_medium=rss&utm_campaign=can-you-trust-your-bankruptcy-lawyer Tue, 13 Sep 2022 10:35:19 +0000 https://stopcreditor.com/?p=9409 As usual, it seems like forever, most folks do NOT trust lawyers. Barely a third of Americans think lawyers are trustworthy, and the legal profession’s reputation hasn’t improved much in recent years. The latest Rasmussen Reports national telephone and online survey finds that only 35%...

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]]> Corporations, Including LLCs, Should NOT File Bankruptcy https://stopcreditor.com/corporations-including-llcs-should-not-file-bankruptcy/?utm_source=rss&utm_medium=rss&utm_campaign=corporations-including-llcs-should-not-file-bankruptcy Tue, 16 Aug 2022 10:36:17 +0000 https://stopcreditor.com/?p=9402 I have blogged on this a few times. Unless you want to start a new company in the same business, or are tired of the phone calls/harassment from collectors who bug you because you are the responsible party/officer of the corporation, filing Chapter 7 bankruptcy...

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]]> Ready For The Recession? https://stopcreditor.com/ready-for-the-recession/?utm_source=rss&utm_medium=rss&utm_campaign=ready-for-the-recession Thu, 28 Jul 2022 09:45:31 +0000 https://stopcreditor.com/?p=9390 Are we in a recession? Hell yes. From Instapundit: IT’S PROBABLY NOTHING: There’s a notion that if you want to gauge the future of the economy, just look at default rates for auto loans. When times are good, autos are one item that people typically...

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]]> Interest Rates And Credit Card Debt UP https://stopcreditor.com/interest-rates-and-credit-card-debt-up/?utm_source=rss&utm_medium=rss&utm_campaign=interest-rates-and-credit-card-debt-up Thu, 21 Jul 2022 09:27:07 +0000 https://stopcreditor.com/?p=9384 My first reaction is: Duh. Rising interest rates cause credit card debt to increase. However, anyone carrying a balance will also see the annual percentage rate on their credit card head higher as the Fed continues to raise rates to try and tamp down rising prices. Because most credit card contracts allow...

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]]> When Do I Stop Paying Creditors? https://stopcreditor.com/when-do-i-stop-paying-creditors/?utm_source=rss&utm_medium=rss&utm_campaign=when-do-i-stop-paying-creditors Thu, 14 Jul 2022 09:53:13 +0000 https://stopcreditor.com/?p=7716 Creditor harassment probably drove you to file bankruptcy. You decided you will file bankruptcy, for sure, so when do you stop paying those pesky creditors? Hey, I am a lawyer, so the answer is:  it depends. If you are keeping your house, keep paying the...

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