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.

Proven Partners For Financial Health

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Filing For Chapter 12 Bankruptcy

Filing For Chapter 12 Bankruptcy In Michigan

Bankruptcy Options For Family Farmers And Fisherman

If you are a family farmer or family fisherman with regular annual income who is seeking relief from mounting debts, Chapter 12 bankruptcy may provide you with the solution you need. A relatively new form of bankruptcy, Chapter 12 allows individuals, corporations, and partnerships to restructure their debt in order to avoid foreclosure and/or liquidation. All bankruptcy law is fairly complex, and Chapter 12 is no exception. It’s wise to seek the assistance of an experienced Chapter 12 bankruptcy attorney in Royal Oak and throughout southeastern Michigan if you choose to pursue this form of debt relief. At Gudeman & Associates, P.C., our team has more than 100 years of combined experience, giving us the skills, resources, and legal know-how to guide you every step of the way.

Do I Qualify For Chapter 12 Bankruptcy?

Enacted in 1986 by congress as a temporary, emergency measure to help family farmers and fisherman from increasingly constricting agricultural credit, Chapter 12 bankruptcy is used very infrequently. In order to qualify for this type of bankruptcy, you must meet certain requirements.

In order to qualify for Chapter 12 bankruptcy, you must:

Hold the occupation of “family farmer” or “family fisherman”
Gain “regular annual income” from farming or commercial fishing
Obtain more than 50% of your total gross income from farming or fishing
Not have total debt exceeding $4,153,150 (farmers) or $1,924,550 (fisherman)
Owe 50% of your total debt from farming operations or 80% from fishing operations

For farming and commercial fishing businesses owned through corporations or family partnerships, further restrictions apply. If you are unsure if you qualify for Chapter 12 bankruptcy, one of our skilled Southeastern Michigan Chapter 12 bankruptcy attorneys can look at your situation and determine if you are a candidate.

Over A Century Of Combined Legal Experience

At Gudeman & Associates, P.C., we have more than 100 years of combined experience. Our team of Royal Oak bankruptcy lawyers can help you through the entire legal process — from determining if you qualify for Chapter 12 bankruptcy to handling all necessary paperwork and helping you file. We provide compassionate, personalized legal services so you can focus on regaining control over your finances and preparing for the future.

Schedule your no-obligation consultation with our team today — call us at 248-630-3671 to get started.

Filing For Chapter 12 Bankruptcy In Michigan

Bankruptcy Options For Family Farmers And Fisherman

Do I Qualify For Chapter 12 Bankruptcy?

Over A Century Of Combined Legal Experience

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