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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Types Of Dischargeable & Nondischargeable Debt

Types Of Dischargeable And Nondischargeable Debt

At Gudeman & Associates, P.C., we are committed to ensuring our clients are fully informed about what bankruptcy can (and can’t) do. Many of our clients come to us with a misconception about what types of debts can be discharged through bankruptcy. Our bankruptcy lawyers in Royal Oak and southeastern Michigan want to ensure you know the difference before you decide to file. With more than 100 years of combined experience, our knowledgeable legal team is here to help you learn about your options.

What Types Of Debts Can Be Discharged?

If you have found yourself heavily in debt and unable to pay your bills, you may be considering bankruptcy. Once you understand the most common types of bankruptcy, Chapter 7 and Chapter 13, you can determine which is most appropriate for you. In Chapter 7, you will discharge all or most of your unsecured debt and will not have a repayment plan. With Chapter 13, a portion of your debt may be reduced or discharged, while the rest will be re-worked to establish a repayment plan.

The following types of debts can be discharged through bankruptcy:

Medical debt
Car loans
Credit card debt
Mortgages
Rent and utility payments
Certain types of taxes

Nondischargeable Debt In Bankruptcy

Although many types of unsecured debt can be discharged through bankruptcy, there are certain debts which are not discharged. This includes fraudulent debts, all restitution and fines ordered by the court, student loans, and spousal support orders. If you have a significant amount of debt that cannot be discharged, we may discuss the possibility of Chapter 11 reorganization.

There are many benefits to using bankruptcy to discharge your debt in Royal Oak and southeastern Michigan. As a respected firm with an A+ rating from the BBB, we are committed to helping you every step of the way and ensuring all of your concerns are addressed.

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

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

Types Of Dischargeable And Nondischargeable Debt

What Types Of Debts Can Be Discharged?

Nondischargeable Debt In Bankruptcy

Bankruptcy

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