Chapter 7 Bankruptcy
Due to specific events and circumstances, debtors may find themselves in an impossible situation with no foreseeable way out of their debts. When this occurs, a Chapter 7 discharge may be a viable option. A Chapter 7 bankruptcy filing, sometimes referred to as a "fresh start" bankruptcy, allows debtors to discharge unsecured debts and start working toward a stable financial future.
It's important to know exactly what is and is not dischargeable in order to make informed decisions. Mortgages, car payments, student loans and IRS debt, for instance, are generally not dischargeable and creditors may be able to seize certain property even after a discharge.
Depending on the amount of property owned, a Chapter 7 filing may be a wrong or even impossible choice. In order to fully understand the specifics of the issues and make the best possible decisions, it's important to work with a knowledgeable and experienced bankruptcy attorney.
Detroit Personal Bankruptcy Lawyer
We've been working exclusively in bankruptcy law for nearly 35 years in the state of Michigan and we're ready to help you with any and all issues related to your Chapter 7 bankruptcy filing. If you are interested in keeping your car and house, we can help reaffirm debt and if there are renters, we can work to keep the property. We can also work with the issues of tax debt to ensure that the proper filing is done based on your scenario.
Contact Us Today
To discuss any aspect of your bankruptcy or legal financial issues, call (248) 559-0180 or e-mail us here to schedule a FREE initial consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.