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March 2014 Archives

Tax debt becomes financial burden for disabled borrowers

When someone is diagnosed with a serious illness or suffers from a major injury, a lot of questions arise all at once. One big issue quickly becomes finances, which can suffer when someone is hurt and cannot work. In some cases the inability to work because of an illness can lead to the loss of one’s job and often their benefits, which can result in the accrual of medical and other types of debt.

Paying down full amount of debt impossible for many Americans

There is a common assumption in the United States that the key to eliminating heavy debt is simply buckling down, working hard and paying down the debt over time. While this often romanticized scenario may be possible in some cases, many people throughout Michigan are saddled with insurmountable debt through no fault of their own. In many cases, paying the full amount of debt is simply impossible.

Pizza chain seeks bankruptcy again

National pizza chain Sbarro has announced that they are filing for bankruptcy protection for the second time in three years. The company says that they continue to struggle with overwhelming debt and not enough revenue from the dwindling number of customers that purchase their food.

Feds push for free credit scores for consumers

The Consumer Financial Protection Bureau has begun to urge credit card companies to provide credit scores for customers for free. This would be a major change from the way that most people access their credit information, through paid services or on free sites with strings attached. At this point there is no requirement for credit card companies to provide the information, but the industry is taking steps to voluntarily do so, with some taking action even before the recommendation.

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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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    Posted by ClientOctober 26, 2010

    "... 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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