Michigan Chapter 7 Attorneys
In today's troubling economy, it has become more common than ever for individuals and families to fall behind on financial obligations. Whether you have fallen behind after losing your job, being injured, falling ill or undergoing a divorce, you may be able to find relief from your overwhelming debt with the help of an experienced attorney.
At the Samuels Law Office, our Big Rapids bankruptcy lawyers offer understanding and informative debt relief guidance to clients throughout the Mecosta County area. With your best interests and your financial future always in mind, we strive to provide the personalized and informative bankruptcy guidance you need to end your debt worry and rebuild your financial future.
Detailed Chapter 7 or Chapter 13 Advice
After carefully examining your unique financial situation and your goals, we strive to provide the informative advice you need to understand your debt relief options and make the most educated decisions possible. Potential relief strategies may include:
- Chapter 7: Commonly referred to as liquidation bankruptcy, Chapter 7 allows for the elimination of unsecured debt relating to credit cards, medical bills and unfavorable mortgage terms. After the liquidation or sale of certain assets, your debt can be discharged in as little as 90 days, leaving you with a clean slate to rebuild your financial future.
- Chapter 13: Also known as restructuring bankruptcy, Chapter 13 allows for the creation of an affordable debt repayment plan. Lasting three to five years, the repayment plan lets you catch up on past debts with reduced account balances and interest rates. Upon successful completion of your payment plan, all remaining debt is discharged, allowing you to focus on building a strong financial standing.
Immediately upon the filing of Chapter 7 or Chapter 13, the court orders an automatic stay. A legal injunction, this automatic stay puts an end to foreclosure, wage garnishment, repossession and harassment by creditors and bill collectors, allowing you to focus on your bankruptcy proceedings without additional concern.
Contact Our Office for Understanding Support
To better help you understand your debt relief options, we offer free 30-minute consultations during which we will examine aspects of your financial situation and offer advice on your options.
During this consultation, it can be helpful to provide the following documents:
- Last 60 days of pay stubs
- Tax returns from the past two years
- A detailed list of assets
- A detailed list of debts and creditors
Contact our office online or call 231-629-4903 or toll free 877-832-9475 to schedule your consultation today.
