Southeast Michigan Consumer Bankruptcy Attorneys
It certainly isn’t hard to grasp how an individual or family can get into deep financial trouble these days. One thing is certain: You are not alone. We can help you find the best available legal solution for obtaining debt relief.
Understanding, Knowledge and Efficiency as You Explore Your Options
We take a practical, orderly approach in helping people evaluate consumer bankruptcy as a way to deal with debt and move forward. In a free telephone consultation, we can answer your basic questions, explain our services and address ways of making bankruptcy affordable for you.
Understanding the Types of Consumer Bankruptcy
Depending on your circumstances, you may need to thoroughly understand the differences between the two types of consumer bankruptcy.
Chapter 7 bankruptcy is typically the preferred means of gaining a complete discharge or “forgiveness” of many debts, provided your income is not above a certain legal threshold and you meet other basic requirements. Common reasons for filing Chapter 7 bankruptcy include the desire to end creditor harassment and prevent or stop garnishments of your bank account and wages.
Chapter 13 bankruptcy is a more complex filing that can allow you to eliminate some debts and enter a payment plan to repay others over time. This can enable you to catch up while protecting certain key assets (often a home threatened by mortgage foreclosure), and like Chapter 7, it can end harassment by collectors and prevent judgments from taking your future income. Many people with incomes too great to meet Chapter 7 requirements file Chapter 13 bankruptcy to achieve helpful debt reorganization.
Offices in Southfield and Mt. Clemens — Serving the Detroit Area, Pontiac and Counties Including Macomb and Oakland County
Information gathering is often the most labor-intensive part of declaring bankruptcy. It is important to ensure that all your assets and debts are documented and accounted for, and we can help you with this process.
Are you worried that decisions you have made in the past, such as accessing credit or verbal commitments to creditors and collectors, will prevent you from filing bankruptcy? Contact us today. We know the laws, can cut through any misinformation, and we will stand by our counsel to you about consumer bankruptcy.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
