Robert Shelton

I am a bankruptcy attorney located in Saginaw, MI. My firm serves Saginaw, Bay, Genesee, Midland, Tuscola and surrounding counties.

[Robert Shelton @AttorneyShelton]

@libsoftiktok So does the freedom of speech only apply to print and face-to-face conversation since computers, social media, telephones, etc. didn’t exist when the 1st was written? 🤔

[Catturd ™ @catturd2]

This is awesome. 🔥

[James Woods @RealJamesWoods]

Maybe the single greatest moment in Olympic history.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The 60+ day delinquency rate on US subprime auto loans is up to a record 6.9%.

Serious delinquency rates have more than DOUBLED since 2021.

This exceeds the 1996 peak by 0.9 percentage points.

For context, the 2008 Financial Crisis high was 5.0%.

Meanwhile, total auto debt is up +$312 billion over the last 5 years, to a record $1.67 trillion, driven by surging vehicle prices.

Subprime financing makes up ~14%, or $234 billion, of all auto loans.

Americans are falling behind on their car debt at a record pace.

[investment data @value_charts]

The share of US consumer loans in delinquency is at its highest level since 2017, and is on a trajectory that is still moving upwards.

(@DeItaone)

[NACBA @NACBAorg]

"Americans Carry $1.21 Trillion in Credit Card Debt, with 73% Tied to Essentials and Median Interest Rates at 25.3%" #consumer #debt https://t.co/5Yxje2xp2R

[The Kobeissi Letter @KobeissiLetter]

BREAKING: US consumer credit increased $17.9 billion in April, to $5.01 trillion, the highest since November 2024.

This is just $94 billion below an all-time high of $5.10 trillion set in October 2024.

Over the last 5 years, total consumer credit has risen by a massive $885 billion, or 22%.

Revolving debt, which includes credit cards, soared by $7.6 billion, the biggest jump since December.

Non-revolving credit rose by $8.3 billion, the second-largest monthly jump since June 2023.

Americans are drowning in debt to fight record prices.

[Robert Shelton @AttorneyShelton]

Thinking about Chapter 7 bankruptcy? It’s not all doom & gloom—here’s the upside: 1) Wipe out most unsecured debts (credit cards, medical bills) fast, often in 3-6 months. 2) Fresh financial start w/o lingering payment plans. 3) Keep exempt assets like your home or car in many cases. 4) Stops creditor harassment & wage garnishment dead in its tracks. Not for everyone, but it’s a powerful reset button if you’re drowning in debt. #Bankruptcy

[Robert Shelton @AttorneyShelton]

Personal bankruptcy inquiries in the US surged in Q1 2025, hitting the highest level since 2020, driven by record consumer debt, inflation, and tariff fears. Experts predict a rise in filings as households face mounting financial stress. #Bankruptcy #PersonalFinance

[Robert Shelton @AttorneyShelton]

@Rob_Mahar07 @elonmuskADO 39

[Mike Investing @MrMikeInvesting]

🚨 BREAKING NEWS 🚨

THE NUMBER OF HOUSES FOR SALE IN FLORIDA JUST SKYROCKETED AND HAVE NEARLY DOUBLED IN THE PAST YEAR

MANY OF THESE HOMES ARE AIRBNB RENTALS WITH OWNERS WHO ARE ABOUT TO DECLARE BANKRUPTCY DUE TO UNBEARABLE LOANS

THIS WILL BE BIGGER THAN THE 1929 CRASH…
$SPY

[Robert Shelton @AttorneyShelton]

@shaunmmaguire No. Pardons only apply to federal offenses. This is a state general civil issue and Hunter should remain liable.

[Barchart @Barchart]

U.S. Credit Card Rates have soared to an all-time high 23.4% 🚨

[Nick Gerli @nickgerli1]

Pretty crazy stat.

82% of Americans say it's a bad time to buy a house in late 2024.

That's the most pessimistic homebuyers have ever been about the housing market.

Helps explain why homebuyer demand is so low.

[The Kobeissi Letter @KobeissiLetter]

US credit rejection rates are spiking:

The average rejection rate for credit hit 22.9% in October, the most in at least 11 years according to the Fed credit access survey.

Meanwhile, the credit card rejection rate rose to 20%, the highest since 2014.

Credit card limit increase rejections skyrocketed to 45%, a new record since the survey began in 2013.

Additionally, mortgage and auto loan rejection rates DOUBLED over the last 3 years to 23% and 14%, respectively.

It has rarely been tougher to access credit in the US.

Is the debt bubble bursting?

[The Kobeissi Letter @KobeissiLetter]

BREAKING: US bankruptcies in 2024 have officially surpassed 2020 pandemic levels.

570 large US companies have declared bankruptcy year-to-date, the most in 14 years.

Over the last 3 months alone, a whopping 182 corporate bankruptcies have been filed.

The consumer discretionary sector has been hit the hardest, experiencing 90 large bankruptcies year-to-date.

This is followed by 68 filings in industrials and 59 in healthcare.

Bankruptcies are surging as if we are in a crisis.

[Robert Shelton @AttorneyShelton]

@GayRepublicSwag

[Robert Shelton @AttorneyShelton]

Mortgage deliquencies and foreclosures are on the rise. Bankruptcy may help. https://t.co/RV1Xcq1Vqw @Vistaprint

[Robert Shelton @AttorneyShelton]

Check out our website for your Michigan Bankruptcy needs. https://t.co/RV1XcpKk1W

[Robert Shelton @AttorneyShelton]

https://t.co/RV1Xcq2tg4 @Vistaprint