Student Loan Debt Stunting the Economy?

Does this situation sound familiar? Your mid-twenties son or daughter currently lives in your basement. Or this one? You are in your mid-twenties and have had to approach your parents to move back home? This situation is becoming more and more common, and recent census data shows that there are 6 million young adults in this situation (meaning there are also 6 million parents wondering when their kids might finally leave the nest as well). It might seem like kids these days are just lazy, but in reality this is an example of national policy having a trickle-down effect. The vast amount of student loan debt seems to be impacting modern family structure. It is also preventing young people from making big ticket purchases such as a home or a new car. Americans between age 25 and 34 made up on 27% of home buyers in 2011, which is the smallest percentage in the last decade per the National Association of Realtors. Further, if you think about it, that is prime age for people to be buying a  house so it should conceivably be the highest group.

For aggressive Debt Restructuring ideas and legal representation concerning all Debt Collection matters or to retain Garmo &Kiste, PLC call us at (248) 398-7100  for a free consultation or contact us with a private message.

Federal Government follows Michigan Trend, Supports Lower BAC Limits

Recently the Michigan Legislature acted to prevent state BAC limits from reverting back to .10, keeping the limit at .08. To allow otherwise would have rendered Michigan ineligible for significant federal highway funding which is tied to the lower BAC limit. The National Transportation Safety Board issues safety regulations, many of which have become law. Their victories include lowering the limit to .08 in the first place, and raising the drinking age from 18 to 21. They have decided to make their next fight lowering the BAC limit again, this time to .05. Citing Australia and Ireland who have lowered their rates to .05, the NTSB states that the US is practically alone in having such a high BAC limit. They allege that Australia saw 8%-18% reduction in drunken driving deaths.  That seems like a fairly large margin of error.

For your reference here is a map of BAC limits around the world. http://chartsbin.com/view/2037

It seems if this were really such a problem, we would be hearing a lot of anecdotal evidence of people being pulled over, breathalyzed, and blowing between .05 and .08. In our experience, this is pretty rare. Most clients who have been arrested for Drinking and Driving offenses blow at least a .10, plausibly because until that point of inebriation driving impairment is not often visible.

Feds want states to lower legal blood alcohol level limit http://www.detnews.com/apps/pbcs.dll/article?AID=2013305140416

To retain Garmo &Kiste, PLC call us at (248) 398-7100  for a free consultation or contact us with a private message.

Missed Wayne County Child Support Amnesty? No problem, Contact an Experienced Attorney Today

Wayne County extended a program through the end of May whereby individuals who have a bench warrant out against them for nonsupport. The purpose of the program is that Wayne County had limited resources to pursue these individuals, and by paying 1% of the amount due, of $250 whichever is greater, there could be a fast influx of cash while releasing bench warrants. There is over 800 million dollars outstanding in child support in Wayne County. Approximately 15 people per day in May took advantage of the program. What should you do though if you have missed this program? Don’t despair, you will need to be arraigned on the bench warrant. An experienced attorney though can work to minimize the damages. While child support amounts may not be modified retroactively, if a material change in circumstances has resulted the arrearages, we may be able to get the amount of child support you pay adjusted.

Wanted for not paying child support? We can help you, to retain Garmo &Kiste, PLC call us at (248) 398-7100  for a free consultation or contact us with a private message.