Most personal bankruptcies filed in the Unites States fall under either Chapter 13 or Chapter 7 of the United States Bankruptcy Code. (Business Bankruptcies are covered under Chapter 11). Deciding whether Chapter 13 or 7 Bankruptcy is right for you depends upon: Your...
Do I Qualify For Chapter 7 Bankruptcy?
Congress changed the bankruptcy laws in 2005, making it a bit harder to qualify to file chapter 7 bankruptcy. (Remember in Chapter 7 bankruptcy debts are “discharged” and in Chapter 13 Bankruptcy debts are repaid.) Under the old laws the bankruptcy judge decided if...
How Bankruptcy Lawyers Stop or Delay Foreclosure
How Southfield Bankruptcy Lawyers Can Stop or Delay Foreclosure – Getting behind on your house payments is not something that anyone ever plans to do! But everybody experiences a change in circumstances that is beyond their control sometime. Whether an unexpected...
How Bankruptcy Lawyers Stop or Delay Repossession
How Southfield Bankruptcy Lawyers Can Stop or Delay Repossession – Getting behind on your car payments is not something you ever planned to do! But sometimes circumstances are beyond your control. A serious illness, the death of a family member, or an unplanned job...
Lawyers Debunk 4 Common Myths about Bankruptcy
Our Lawyers Debunk 4 Myths about Bankruptcy Myth #1: Bankruptcy Will Ruin Your Credit Most individuals who are considering filing bankruptcy already have poor credit from months (or even years) of late payments, defaulted loans or credit cards, unpaid medical bills,...
Lawyers Explain How Joint Bankruptcy Works
If you are married you may be able to save time and money by filing one bankruptcy petition together with your spouse. This is referred to as “joint bankruptcy.” In a joint bankruptcy, you have to list all debts, PLUS all property, income, and expenses of both...
Lawyers Discuss Filing Bankruptcy for Medical Bills
Our Southfield Lawyers Can File Bankruptcy for Medical Bills What is a “Medical Bankruptcy”? Because of the high cost of medical care, many people with otherwise good credit are forced into filing bankruptcy simply because of medical bill debt. “Medical Bankruptcy” is...
Privacy Law & Filing Bankruptcy: Protect Your Personal Information
Filing Bankruptcy and Privacy: Protecting Your Personal Information Many people do not realize that when they file bankruptcy, the paperwork is “public record”. In other words, your Bankruptcy documents can be accessed by anyone who goes to the courthouse and...
Chapter 7 Bankruptcy & Credit Cards
Does Filing Chapter 7 Bankruptcy Get Rid of Credit Card Debt? Credit card debt is one of the most common reasons for filing bankruptcy. Most credit card debts can be “discharged” (wiped out) through Chapter 7, which means you will not owe them once you complete your...
Chapter 13 Bankruptcy & Credit Cards
Does Filing Chapter 13 Bankruptcy Get Rid of Credit Card Debt? Chapter 13 bankruptcy is called a “reorganization bankruptcy” because you repay your creditors according to a repayment – over a period of three to five years. Some creditors are paid in full under Chapter...