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March 2013 Archives

Drained of assets, Michigan brewer seeks Chapter 7 relief

Although the microbrewery phenomenon has really gained tremendous popularity in the last few years, the Michigan Brewing Co. was over a decade ahead of the trend. The company was successful in the past, but its most recent owner has run into financial trouble personally and with his business, which likely began with the brewery's closure last year.

Bankruptcy sale ushers in the return of Twinkies

When Hostess Brands filed for liquidation bankruptcy, many wondered what the future would hold for a number of iconic products, including Twinkies and Wonder Bread. Michigan snack food enthusiasts may be able to breathe a collective sigh of relief, because a bankruptcy judge recently approved the sale of the Twinkies brand.

Recent college grads look for unique debt relief solutions

Anyone who has graduated from college during the last few years knows how tough the job market is. In fact, 13.1 percent of those between ages 18 and 19 are unemployed, which is "significantly higher than the national rate." The numbers for the Detroit area could be even more concerning, considering regional differences in economic improvement.

Michigan cities also struggle with long-term debt

Consumers in Michigan aren't the only ones struggling with debt these days. Many municipalities throughout the state are also trying to cover expenditures and costs with reduced budgets, with varying degrees of success. Falling property values have translated into less property tax income for city governments.

Too few Michigan residents are saving enough money

If there was one lesson that financial experts tried to impart on people during the recession and its aftermath, it's that it's smart to have an emergency savings fund that could help you weather a financial storm, such as job loss or a medical emergency. But a new study only shows modest improvement in that field, indicating that more trouble could lie ahead if the economy shrinks again.

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    Posted by MaryDecember 11, 2015

    "I am overwhelmed by your response to my call, even 10 years after my bankruptcy was discharged. You have more knowledge and expertise than I could have imagined. Because of you, my fears have been put to rest. For that, I'm so very grateful. Thank you many times over. "

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    "... I was extremely impressed with Charles' understanding of the bankruptcy laws to the extent that I felt certain that my best interests were always at the forefront. "

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    Posted by MarleneJanuary 8, 2014

    He helped me thru my 1st bankruptcy and now the second. I had no idea what to expect , but they kept me informed and answered all my questions. Mr. Schneider is the most experienced and knowledgeable lawyer I have ever met. If you have to file call this attorney first!

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