Michigan Bankruptcy Attorneys
Serving Wayne, Macomb & Oakland County
Our experienced bankruptcy lawyers understand that today’s challenging economic conditions have created hardship for many hardworking people. Additionally, we know that an unexpected illness, death in the family, or the loss of a job can suddenly throw your life into economic turmoil.
The good news is that filing bankruptcy can help get you out of this financial rut and give you a “fresh start” in life. In some cases, bankruptcy can reduce or even completely eliminate most or all of your debts. In other situations, you can chose to pay back your debts according to a schedule that works for you.
In addition to reducing or eliminating your debts, filing bankruptcy can stop foreclosure, stop garnishments, stop repossessions – and give you an opportunity to get back on track.
Chapter 7 Bankruptcy vs. Chapter 13 Bankruptcy
Our experienced bankruptcy attorneys will offer you a FREE CONSULTATION to help you decide if Chapter 7 Bankruptcy or Chapter 13 Bankruptcy is right for you.
Chapter 7 Bankruptcy cases are typically designed for debtors who have little or no property, except what is “exempt”. Chapter 7 cases are sometimes called “no-asset cases.” The debts are simply “wiped out” – and that is the end of it!
Chapter 13 Bankruptcy cases enable a debtor to enter into a “plan” to repay creditors over time – usually three to five years. Typically, the debtor will keep his or her property (house, car, other property) and make regular payments to creditors, through a “trustee”, based on the debtor’s income.
How Much Time do I Have to File Bankruptcy?
If you have found yourself overwhelmed by debts that you cannot keep up with, you need to call a bankruptcy attorney immediately! Your home CAN be saved but only BEFORE it goes to auction (sheriff’s sale). Similarly, your car CAN be saved – but this should be done BEFORE repossession and not after.
The best way to understand your options for filing bankruptcy & getting out of debt is to consult with our experienced debt relief lawyers. We will explain your options, and help you understand the course of action that is best for you. Call our experienced bankruptcy and debt relief lawyers today for your FREE CONSULTATION – and start saying goodbye to your financial worry and stress.
Experienced Bankruptcy Attorney Danny Kallabat Can Help You – Oakland County
Experienced bankruptcy attorney Danny Kallabat has successfully helped hundreds of individuals get out of debt & get a fresh start. He will offer you compassionate advice and aggressive representation at affordable rates, to ensure that your rights are always protected. CLICK HERE or call Danny Kallabat today for a free, confidential consultation.