Bankruptcy Law

We help individuals and companies obtain a fresh start through bankruptcy.

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If you would like to discuss a legal matter with one of our attorneys, call us at (248) 457-6000 for a free consultation.

Personal financial problems can happen to anyone. Even proper financial planning and the best intentions sometimes are not enough to avoid getting behind. Financial issues often arise unexpectedly and can snowball out of control quickly. Some of the most common factors that can lead to financial problems include:

  • Loss or reduction of employment
  • Medical expenses or illness
  • Unmanageable housing costs
  • Too many debts/Overextended
  • Lawsuits or adverse judgments
  • Unexpected increase in expenses

If personal financial problems get out of control, bankruptcy can be a powerful legal tool. We help individuals and businesses get their financial situation under control using the federal bankruptcy laws. These laws were enacted to give consumers a fresh start or an opportunity to restructure their debts to make them manageable.

Individuals generally have an option when exploring consumer bankruptcy. That option is between filing a Chapter 7 or a Chapter 13 bankruptcy. A Chapter 7 is often referred to as “liquidation” while a Chapter 13 is called a “repayment plan” or “reorganization.” A Chapter 7 allows consumers to discharge many of their consumer debts and obtain a fresh start. Chapter 13 allows consumers to pay back their creditors over a period of time, typically 3-5 years. A Chapter 13 requires the debtor to have a continuous source of income. Because many individuals considering bankruptcy do not have a sufficient source of income and are trying to obtain a fresh start, a Chapter 7 is often preferred.

Common Debts That May Be In Discharged Bankruptcy Are:

• Credit Card Debt
• Medical/Hospital Bills
• Mortgage and Home Equity Loan Debt
• Civil Judgments
• Utility Bills
• IRS Bills (depending on the year the tax became due)

Other Bankruptcy Relief:

• Stop Harassing Creditor and Debt Collector Phone Calls
• Stop foreclosure
• Stop Wage Garnishment
• Eliminate Debt
• Eliminate Lawsuits, Judgments, and Liens

For more information about the specific types of bankruptcy, please click on the links above or on the Practice Areas page.