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  • Home
  • About
    • Edward J. Gudeman
    • Brian A. Rookard
    • Katherine Shinn
    • Jon M. Silver
    • Staff
  • Practice Areas
    • Bankruptcy
    • Business Law
    • Estate Planning
    • – Durable Powers of Attorney
    • – Health Care Powers of Attorney
    • – Family LLC
    • Federal & State Tax
    • Probate
    • Real Estate
    • Other Services
  • Testimonials
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Call us today : 248-927-2755

Protecting Your House And Car From Creditors

‘Can I Keep My House And Car?’

The financial upheaval that often comes before bankruptcy may include falling behind on car loans and/or mortgage premium payments. If this is true in your case, you should get legal advice right away if you hope to keep your house and car.

At Gudeman & Associates, P.C., in metro Detroit, we listen attentively to understand clients’ needs and priorities. With our years of experience, passion and knowledge, we will strive to help you find a way to keep your house and car if this is your goal while considering filing for Chapter 7 or Chapter 13 bankruptcy.

Consequences Of Arrearages

If you are behind on car payments, your car lender might repossess it, Not only will you lose the use and possession of it, but all payments you have made so far will leave you with no present benefit.

Likewise, if you are behind on your mortgage, the lending bank may threaten you with foreclosure or try to force you into a short sale. If you do not renegotiate your loan or take other protective measures, you may lose your home as well as all equity you had built up.

Filing For Bankruptcy May Be Part Of Your Solution

Filing for bankruptcy is the fastest, most secure way to prevent these losses, at least for now. The “automatic stay” means that for a time after you file for bankruptcy, your lenders will not be able to take collection actions by repossessing your vehicle or foreclosing on your home.

Bankruptcy may, in fact, be the best strategy for keeping your house and car despite financial trouble. Catching up on home and car loan arrearages can be part of your Chapter 13 three-to-five-year debt restructuring plan. To keep your house and/or car, you will need to stay up to date on current mortgage and car loan payments during your debt restructuring period.

In a Chapter 7 bankruptcy, your mortgage and/or car loan may be discharged, but you may have the opportunity to reaffirm those debts directly with the lenders. Consult with your bankruptcy law attorney for guidance.

Get Free Personalized Advice

To recommend the best path forward that may include keeping your house and car, we will collaborate with you on devising a strategy to meet your goals.

Let’s explore your options together and determine your next steps. Call 248-546-2800 or inquire online to schedule a no-obligation consultation.

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

Contact

Gudeman & Associates, P.C
401 N. Main Street
Royal Oak, MI 48067



Email: Edward J. Gudeman
Phone: 248-546-2800

Hours

Monday-Thursday - 8:30 AM to 5:00 PM
Friday: 8:30 AM to 1 PM
Saturday-Sunday: CLOSED

How To Get To Us

401 N. Main Street
Royal Oak, MI 48067

Client Review

“Went to see Ed Gudeman for a Will and Testament. Mr. Gudeman explained about Wills versus Trusts and all the laws surrounding each and what would be best for our situation. We were amazed how much information needs to be collected to use in the trust. It took about 6 weeks to compile everything and then a draft copy was given to us to read and correct any mistakes,errors or changes. Working with the legal assistant Samantha was very easy and reassuring. I will recommend Gudeman and Associates to anyone that needs their Will or Trust set up.”
Lori M
Client Review

Let’s Talk AboutYour Financial Future. Call For A Consultation.

For trusted help in matters of bankruptcy, estates, business, taxation or real estate, we encourage you to contact us for a no-obligation consultation. During our first meeting at our Royal Oak office, over the phone or via videoconference, you will be introduced to your main point of contact who will work closely with you throughout your case. We will take the time to listen to your story, answer your questions and develop a plan for success. No judgment, just advice geared toward your financial goals backed by decades of experience.

Please call 248-927-2755 or send us an email to learn more or to schedule an appointment. We look forward to serving you.

Attorney Edward J. Gudeman

Edward J. Gudeman

Attorney Brian A. Rookard

Brian A. Rookard

Attorney Katherine Shinn

Katherine Shinn

Attorney Jon M. Silver

Jon M. Silver


HOW CAN WE HELP?

Fill out the form below to request your no-obligation consultation or call 248-927-2755.

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Gudeman & Associates, P.C.

Contact The Office

Address

401 N. Main Street
Royal Oak, MI 48067

Phone

New Clients: 248-927-2755
Existing Clients: 248-546-2800
Royal Oak Office

New Clients: (248)-927-2755
Existing Clients: (248) 546-2800
ejgudeman@gudemanlaw.com 401 N. Main Street
Royal Oak, MI 48067

Also Serving: Southfield MI
Warren MI
Troy MI Fenton MI

Business Hours:
Monday-Thursday:
8:30am-5:00pm
Friday: 8:30am-1pm
Saturday-Sunday: CLOSED

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Hours

Sun: - CLOSED
Mon - Fri: 9:00 AM to 5:30 PM
Sat: - 9:00 AM to 1:00 PM

Address

401 N. Main Street
Royal Oak, MI 48067

(248)-546-2800
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