Category Archives: David Lutz
Pros and Cons of Bankruptcy
Advantages of bankruptcy: One of the most important advantages of filing for bankruptcy is that debtors may obtain a fresh financial start. If you are eligible for Chapter 7 you may be forgiven (discharged from) most unsecured debts. A secured … Continue reading
Filed under Bankruptcy/Debt, David Lutz
Friend of The Court Can Help During Your Divorce or Custody Case
The Family Division of the Circuit Court was created by Public Act 388 in 1996. On January 1, 1998, the Friend of the Court became a unit in the Family Division of the Circuit Court. The Friend of the Court provides services … Continue reading
Filed under Child and Spousal Support, Child Custody, David Lutz, Family Law
Michiganders Can’t Live On Minimum Wage
For everyone out there who feels like they’re slaving away each day at their job yet still racking up credit card debt, missing monthly payments and always driving with an empty gas tank it’s not your fault. Working harder and … Continue reading
Filed under Bankruptcy/Debt, David Lutz
Think Before You Charge: Credit Cards And Non-Dischargeable Debt
Running up your credit cards prior to filing bankruptcy in Michigan ( in anticipation of filing ) may be considered fraud and cause your debt to be non-dischargeable. Buying luxury items such as a new flat screen, jewelry or even … Continue reading
Filed under Bankruptcy/Debt, David Lutz
Number Of College Students Filing For Bankruptcy Grows
It is sad, but it is not surprising. People in their early twenties, many of them university students, are among the fastest growing group of bankruptcy filers in Michigan and in the United States. Teens are getting credit cards at … Continue reading
Filed under Bankruptcy/Debt, David Lutz
Mortgage Mess: Who Really Owns Your Mortgage
Do you know who really owns your mortgage? As Scott Pelley reports on “60 Minutes” this week, that question has become a nightmare for many homeowners since the invention of mortgage-backed securities. Yes, those were the exotic investments that sparked … Continue reading
Filed under Bankruptcy/Debt, David Lutz
All You Need To Know About Credit Counseling Before Filing Your Michigan Bankruptcy
Before filing bankruptcy in Michigan, you must undergo credit counseling. You must also take credit counseling after you file. These classes are mandatory and there are no exceptions. You must also pass a means test and there are two major … Continue reading
Filed under Bankruptcy/Debt, David Lutz
Who’s King? Cash or Credit?
From detnews.com It’s now common for shoppers to slap down their credit or debit card for something as small as a cup of coffee or a pack of gum. But some are returning to the old way: They’re paying … Continue reading
Filed under Bankruptcy/Debt, David Lutz
Basic Info On Child Custody
There are two types of jurisdictions: 1. Personal and 2. Subject matter. Personal is over the parties. Long arm statue. Subject matter: one party needs to be a resident for 180 in the state and 10 days in the … Continue reading
Filed under Child Custody, David Lutz, Divorce
The 411 On Divorce Basics
There are 5 issues in a divorce case, they are: 1. The divorce itself 2. Minor Children, if any 3. Property Division 4. Support: Child and Spousal 5. Attorney fees and others When you being your divorce and … Continue reading
Filed under David Lutz, Divorce
