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Trustee Threatens to Suspend Detroit Bankruptcy Firm

December 18, 2025 Mike Shovan

In an unprecedented move, Chapter 13 Trustee Thomas W. McDonald, Jr. asked Bankruptcy Judge Daniel S. Opperman to suspend a prominent Detroit bankruptcy firm from

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Protect Your Retirement Accounts: Learn How Bankruptcy Exemptions Protect Your Future

March 14, 2024March 14, 2024 Mike Shovan
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Department of Justice Guidance on Discharging Federal Student Loans in Bankruptcy Expanded to Include FFEL and Perkins Loans

October 30, 2023 Mike Shovan

In November of 202, the Department of Justice, in coordination with the Department of Education, released a new Guidance for assistant United States Attorneys defending

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Reverse Mortagage scammer gets Hammered by Submitting Fraudulent Claims

September 7, 2015 Mike Shovan

As reported in Reuters on September 4, 2015, Walter Investment Management Corp agreed to pay $29.63 million to resolve allegations that it submitted false claims

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What Children Should Know About Credit in Michigan?

August 24, 2014 Mike Shovan

Here is a very insightful post by my good friend and “credit guru” Philip Tirone with www.720CreditScore.com: “Charge it” is a phrase children hear when

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Consumer Financial Protection Bureau Issues Warning on Bitcoins

August 12, 2014 Mike Shovan

The New York Times DealBook Blog reported that the Consumer Financial Protection Bureau issued its first consumer advisory on virtual currencies, including Bitcoin, and said

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More Than 1/3 of All Americans are Delinquent on Their Debt?

July 29, 2014 Mike Shovan

A study released today by the Urban Institute found that 35 percent of Americans have debt in collections, USA Today reported today. The study, which analyzed the

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