Many Wayne County residents spend their lives with strict financial priorities and goals in place. They pay their bills on time, avoid carrying credit card debt and add to their savings each month. The possibility of ever filing for bankruptcy is probably the furthest thing from these individuals' minds. But staying well-informed financially means having at least a basic understanding of one's legal rights and options should the unexpected occur.
The cupcake craze of recent years swept Michigan just like every other part of the country. For one little East Coast bakery that first opened its doors in 2003, the national sweet tooth opened up opportunities to expand the business, even going public less than 10 years later. Crumbs was famous for its calorie-packed cupcakes, which sold for around three or four dollars apiece.
Wayne County residents may have heard the recent story about an unorthodox foreclosure in a neighboring county. The details are chilling, and may raise questions about what actions our readers can take to stop foreclosure in their own situations.
With Independence Day 2014 now in the rear-view mirror, many Wayne County residents will find themselves reflecting on the possibility of their own independence -- from credit card debt, that is. The good news for these folks is that there are a number of options on the table. These range from some common-sense best practices in their day-to-day budgeting for smaller debts to more comprehensive solutions for overwhelming debt.
Wayne County residents struggling with debt are probably all too familiar with debt collectors and the types of practices they use to try to collect. They may not, however, be familiar with the types of limits the law places on what collectors can and cannot do. And Wayne County residents have some legal options of their own that can protect them from debt collectors.