“Do I Need A Bankruptcy Attorney Near Me?”
Many people file for bankruptcy when they’re unable to repay their debts. Bankruptcy stops lawsuits, collection calls, and more. And contrary to a common misconception, bankruptcy can actually help your credit scores if your debt is canceled in what is known as a discharge. According to research, the number one reason for bankruptcy is medical issues. Other reasons are foreclosure, living beyond your means, student loans, and divorce.
At Gudeman & Associates, P.C., we’re committed to helping you eliminate debilitating debts in Michigan. If you’re looking for “bankruptcy attorneys near me,” search no further than us. We’ll go the extra mile to have your debts discharged by filing for bankruptcy. We represent clients throughout Michigan.
FAQs About Bankruptcy Law And Attorneys
Below are answers to common questions regarding bankruptcy:
What is Chapter 7 Bankruptcy?
Chapter 7 aids in discharging a lot of your unsecured debts such as medical bills, personal loans, and credit cards. To qualify for Chapter 7, you’re required to pass a means test. Here, your income, secured and unsecured debts, financial records, and expenses are assessed to establish whether the median income for your state is more than your disposable income. With the aid of a Chapter 7 bankruptcy attorney, the process can be completed in four to six months.
What is Chapter 13 Bankruptcy?
This is a type of bankruptcy that enables debtors to repay some or everything they owe under court supervision. What that means is, you can be given relief from creditors by providing a repayment plan for 36-60 months. During this period, you can be protected from collection calls. And once this period is over, a lot of your unsecured debts can be discharged even when you’ve not completed payment. Hiring Chapter 13 lawyers can help you prevent a foreclosure. The attorneys can get you about five years to catch up with your mortgage.
Can I Own Anything after Filing for Bankruptcy?
You can. But if you receive insurance benefits, an inheritance, or property settlement within 180 days after bankruptcy is filed, whatever you get might have to be surrendered to your creditors if the money or property isn’t exempt. On the other hand, you can keep anything you obtain after filing for bankruptcy if it’s exempt.
Is A Bankruptcy Attorney Worth It?
Yes. With the complex bankruptcy laws and legal paperwork, the process of filing for bankruptcy can be quite confusing. In fact, a single mistake on your form can have your petition denied. This can land you in even deeper financial trouble. Additionally, one of the top Flint bankruptcy law firms can stop creditor harassment. Once you start the bankruptcy process, it’s still legal for creditors to contact you. But a top attorney can ensure all the calls are directed to them instead. This will put an end to the constant pressure and stress of the incessant demands from creditors to settle your debts.
Consult With Top-Rated Bankruptcy Lawyers
Searching for “bankruptcy attorneys near me?” Our premier Michigan bankruptcy attorneys Gudeman & Associates, P.C., represent clients just like you in bankruptcy cases. We’re highly experienced and skilled in handling personal bankruptcy under Chapter 13, Chapter 11, and Chapter 7. Working with our leading bankruptcy law offices to file your case will give you a chance to start afresh and enable you to stop debt collectors’ harassment, foreclosure, lawsuits, and wage garnishments. Call to schedule a free consultation: 248-630-3671.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.