Can bankruptcy solve financial problems?

YES! Gudeman & Associates can help you, TODAY! We’ve been fighting for you and working families in the Metro Detroit area for over 12 years. We know the level of pain that so many of our clients experienced before seeking our help. Almost 10,000 clients have found a way to get over their fears about bankruptcy and a way to a new beginning with us. We want to help you get that new beginning, starting today.

Can bankruptcy stop creditor harassment?

YES! Many creditors and their collection agencies use scare tactics and harassment. Some are downright abusive. Creditors don’t have your best interests at heart. They do not care about you, whatsoever. Their job is just to get the money that you owe. They have no interest in getting you through the tough times that you may be experiencing. They only want money! Giving them money is the only thing that will stop them from calling you every day and perhaps sending you dunning collection letters.

Can filing bankruptcy help with past due taxes?

YES! The answer is that if you owe Federal, state, or local taxes and you are also behind in other payments to creditors, Federal Laws can provide assistance. The U.S. Bankruptcy Code allows you to stop the collection efforts of the federal government, State of Michigan, and local governments in their tracks! Many times, the biggest pressure on you is a garnishment by the IRS or State of Michigan Department of Treasury. That garnishment may be taking out of your wages and away from your family money that you currently need to take care of you and your family. Filing bankruptcy stops tax garnishments!

Can I get my credit back after filing bankruptcy?

At Gudeman & Associates, we know that your bankruptcy is only part of your concern: you also want to get back to a normal life. This includes rebuilding your credit score as fast as possible. For years, we have been meeting with clients who are terrified about the future. How will you survive in a world that will judge you based on your credit score? You need credit to rent an apartment, buy a car. In fact, more and more, employers are running credit checks on potential employees. We listened to your concerns and then we found answers.

Can bankruptcy save my home from foreclosure?

If you have gotten behind on your mortgage payments, you may be facing foreclosure. Fortunately, when you file for bankruptcy, you are awarded foreclosure protection through the automatic stay. From there, you will either enter into a payment plan of Chapter 13 or discharge debt through Chapter 7. Please note that Chapter 7 only allows for a temporary foreclosure stay.

What types of debt are dischargeable?

In bankruptcy, certain types of debts are dischargeable while others are not. For example, unsecured debt like medical bills or credit card debt can typically be discharged entirely or partially. Secured debt or amounts owed to child support cannot be discharged and you will be expected to keep making payments.

What types of bankruptcy are available to me?

There are two main types of bankruptcy which are appropriate for individuals: Chapter 13 and Chapter 7. There is also the lesser known Chapter 11, which is primarily used for businesses, and Chapter 12, which is focused on farmers and fishermen. In Chapter 13, your debts are rearranged and often reduced so you can make feasible payments. Chapter 7 allows you to give up non-exempt property in exchange for discharging your debt.

Why hire a bankruptcy lawyer?

At Gudeman & Associates, P.C., we are committed to providing our clients with useful information and resources. Having a lawyer by your side to guide you through the bankruptcy process is invaluable and can lead to a positive outcome for your case.

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Bankruptcy Process Timeline

Bankruptcy Process And Timeline

At Gudeman & Associates, P.C., our Michigan bankruptcy lawyers separate fact from fiction. Bankruptcy law can be confusing and complex, especially if you are reading information from articles or questionable online sources. If you are considering filing for bankruptcy or another form of debt relief, it is essential that you speak with a bankruptcy lawyer who is knowledgeable and caring.

Understanding The Bankruptcy Process

Are you currently struggling with debt and looking for relief? Filing for bankruptcy may seem like a last resort, but it is also a way for you to have a fresh start and regain control over your finances. Before making any decisions, it is important that you hire a skilled bankruptcy lawyer in Royal Oak and southeastern Michigan to assist you. At Gudeman & Associates, P.C., we can ensure that you know what to expect and our team will guide you every step of the way through the process.

Regardless of which type of bankruptcy you file for, you will need to take these steps:

Complete a credit counseling class within six months of filing
Fill out the petition and any other required forms
File your petition and documents with the local court

Our experienced team of attorneys, paralegals and legal assistants can help you navigate the process of filing for bankruptcy. We offer no-obligation initial consultations to assess your unique circumstances and determine the best solution for your situation.

Understanding The Bankruptcy Timeline

While every state differs slightly, the process of filing for bankruptcy is relatively similar from state to state. For the most part, federal law regulates the bankruptcy procedure, allowing us to more accurately educate you on what will happen in coming weeks and months. There will be some steps that you will need to take regardless of the type of bankruptcy you are filing for, while others will depend on which chapter of bankruptcy you choose.

You can expect the bankruptcy process to generally go as follows:

First, your financial situation is assessed, and you may be asked to take a means test.
Next, all paperwork is filed with the Bankruptcy Court.
After the paperwork is filed, an automatic stay is put in place.
Following this, you will have to meet with bankruptcy trustees.
Finally, your debt will be discharged or restructured.

Our firm focuses exclusively on consumer bankruptcy, giving us the necessary skills, resources, and attention to detail to help you through the process. Whether you are filing Chapter 7, Chapter 11, Chapter 12, or Chapter 13, we are prepared to help.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Bankruptcy Process And Timeline

Understanding The Bankruptcy Process

Understanding The Bankruptcy Timeline

Bankruptcy

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