Bankruptcy news of the day:

An article from Detroit Free Press.

Excerpt: “…a new Step Forward Michigan program that could, possibly, allow him to stay in his modest home.

After filing the proper forms and being a little patient, it actually worked. Burke received $30,000 to cover his old property taxes, the maximum allowed in a federally funded loan program. The loan has a 0% rate and there are no monthly payments. But if someone sold the house shortly after receiving the loan, some money would need to be paid back. The loan is forgiven at a pace of 20% per year…”

Keep reading at the link below!

Credit to original article: http://goo.gl/05jP1