So far, in 2010 the numbers look like this:

As you can see, bankruptcy filings in the Eastern District of Michigan have continued to rise at least for the first three months of the year.

While there is much talk of recovery and economic improvement, these statistics don’t support those conclusions.

Filing bankruptcy is a difficult decision that each individual or business must make for themselves. However, they don’t need to make it alone.

When you’re facing serious debt issues, like so many other Michigan residents, your best option is to discuss your situation with a local Michigan bankruptcy attorney.

Related posts:

1. A Message From The United States Bankruptcy Court Eastern District of Michigan
2. Hours For The United States Bankruptcy Court Eastern District of Michigan
3. Federal Bankruptcy Court For Eastern District of Michigan Had No Jurisdiction Regarding IRS Orders

The latest from the Supreme Court and the lower courts; what’s left of good faith in bankruptcy, as well as an extensive series of breakout sessions on exemptions, lien stripping, tax issues, means testing, asset cases, claims against creditors, objections to claims, legal writing and oral argument, and mortgage modification news.

Related posts:

1. Do I Still Owe Secured Debts (Mortgages, Car Loans) After Bankruptcy?

If you use the Court’s ECF system, you will want to check any filing software that you may use to make sure that it doesn’t contain ads or links to ads.

Related posts:

1. Chrysler Courts Parts Suppliers for Technology Boost – BusinessWeek
2. Hours For The United States Bankruptcy Court Eastern District of Michigan

In an effort to provide prospective debtors and preparers of petitions information on what would be an excessive fee, this district’s bankruptcy judges have entered an Administrative Order, pursuant to Sections 105 and 110 of the Bankruptcy Code.

The Order sets forth a presumptive maximum allowable fee. The presumptive maximum allowable fee for a bankruptcy petition preparation is $100. A bankruptcy petition preparer may file a motion seeking fes greater than the $100 allowable fee.

Related posts:

1. Where Do I Go To File My Petition?
2. Creditor Omission From Petition
3. Will I Lose Property With A Chapter 7 Bankruptcy Filing?

A number of people find it beneficial to file a bankruptcy case anyway since their financial circumstance is causing them emotional hardship or depression, or because they wish to free themselves of debt now, if legally allowed, and have their income and belongings to themselves in the future. In addition, several people may well discover that a bankruptcy is worth filing even if they do forfeit some of their belongings.

In the event that many of the following are true in your situation, you may possibly consider bankruptcy:

An Individual’s wages have been garnished or your bank account has been attached
Most of an Individual’s debts are unsecured debts like credit card bills, hospital or doctor’s bills, etc.
Your total debt, not including your car or house loan, is more than you could pay, even over five or more years
Collection agencies are calling you at home and/or at work
A person’s payments are more than 30 days behind on more than one bill
There are lawsuits pending against you
You have high medical bills not covered by insurance
You owe income taxes that you are currently unable to pay
You have few belongings
You have little or no savings
You have had property repossessed (such as a vehicle)

Regulations passed in 2005 make it much more complex to file for bankruptcy.

You should search for guidance of qualified bankruptcy attorneys prior to choosing whether to enter bankruptcy.

Related posts:

1. Should I File For Bankruptcy?

ClearPoint Credit Counseling Solutions (CCCS): Bankruptcy Filers Protect …
Business Wire (press release)
The American Bankruptcy Institute reports that as of February 2009, personal bankruptcy filings reached 111693, a 14% increase from only a year ago, …

and more »

Related posts:

1. Do I Really Need Credit Counseling Before Bankruptcy?
2. Michigan Rounds Out Top 5 States With Most Bankruptcy Filings
3. Asset Liquidation Process Underway For Building Supply Company Post-Bankruptcy – PR Web (press release)

Globe and Mail

Ford to Sell Volvo to Chinese Automaker for $1.8 Billion, an Industrial Info …
MarketWatch (press release)
… Motors Corporation (Detroit, Michigan) and The Chrysler Group LLC (Auburn Hills, Michigan) have struggled, entering and exiting bankruptcy proceedings, …
Family winces as Ford sells Volvo for huge lossCampden FB
China's Geely to Buy Ford's Volvo in Record Overseas Auto DealBusinessWeek

all 1,693 news articles »

Related posts:

1. Wilmington Trust Appointed to Unsecured Creditors’ Committee in Orleans … – MarketWatch (press release)
2. Ford to cut shift at Mustang plant in Michigan – MarketWatch
3. House Speaker Pelosi Gets EV’d – Autochannel (press release)

UAW lost 18% of members in 2009
The Detroit News
Michigan State University labor professor John Beck isn't convinced the worst is over. "I'm not sure the UAW has hit the bottom," Beck said. …
UAW works to bolster its dwindling membership and imageLansing State Journal

all 100 news articles »

Related posts:

1. Romney blames UAW, feds in book – The Detroit News
2. GM to add third shift at Ohio plant – The Detroit News
3. Patterson’s 2010 State of the County Address – The Detroit News

Wallace's Blog: Obama delivers better private health insurance
TVNZ
In fact, bankruptcy from Health insurance is a giant of a problem. Bankruptcy filings in the US rose eightfold from 200000 to 1.6 million from 1978-2004. …

and more »

Related posts:

1. Michigan Tax Credit Helps Cover Health Insurance Premiums – eMaxHealth
2. Sick, uninsured and in debt: One man’s health care crisis – The Detroit News
3. AG fighting health overhaul – The Spokesman Review

Water Commission Douses the Jenner & Block Party
The Am Law Daily
Jenner & Block's roles in the bankruptcy cases of Lehman Brothers and General Motors have helped bolster its bottom line by $43 million in year when many …

Related posts:

1. The Daily Docket: Bankruptcy For MGM? – Wall Street Journal (blog)
2. The Daily Docket: Examiner Finds Claims Against Lehman Execs – Wall Street Journal (blog)
3. WITH VIDEO: Good news coming out of auto show – Royal Oak Daily Tribune