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Bankruptcy & Student Loan Relief Discharge Student Loans

Will a Bankruptcy Effect a Student’s Eligibility for Student Loans?

July 21, 2011March 30, 2023 Mike Shovan

Generally, a bankruptcy should have no impact on eligibility for federal student aid.  However, most bankruptcies will impact the eligibility for a private loan.

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Beware of Loan Modification Scams in Michigan

July 14, 2011 Mike Shovan

All home owners should be cautious in dealing with any organization that attempts to charge a fee for housing counseling or modification of a delinquent

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How Can I Get a Free Copy of my Credit Report?

June 13, 2011 Mike Shovan

You are entitled to a free credit report once a year from each of the three major credit reporting agencies including:  Equifax, Experian and TransUnion. 

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Bankruptcy & Student Loan Relief

Glossary of Bankruptcy Terms to help you understand the process

May 28, 2011March 30, 2023 Mike Shovan

I put together this list of the more common terms that you might run across in your bankruptcy. Don’t hesitate to call me anytime. Don’t

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Bankruptcy & Student Loan Relief

What is the difference between a Chapter 7 and a Chapter 13 bankruptcy?

May 15, 2011March 30, 2023 Mike Shovan

The biggest difference between a Chapter 7 and a Chapter 13 is that in a 13 you repay a portion of your unsecured debt. In

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Bankruptcy & Student Loan Relief

What are the new median income levels in Michigan effective March 15, 2011?

April 27, 2011March 30, 2023 Mike Shovan

Effective March 15, 2011, the Median Income figures for Michigan will change as follows: 1 person:           $42,562 UP FROM         $41,875. 2 persons:         $50,738

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What happens if I get sued by a creditor?

March 28, 2011 Mike Shovan

If you get sued by a creditor, you have to be aware of some basic civil procedure rules. The first thing to do is to

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