Bankruptcy Law

Filing for bankruptcy is designed to help people and businesses that can no longer pay their creditors get a fresh start and get into a better situation with their debt. Either through liquidating your assets to pay debt or creating a repayment plan, bankruptcy can help eliminate debt and keep creditors at bay under the protection of the US Bankruptcy Court.

Filing for Bankruptcy in Michigan

Dealing with creditors and swimming in debt can sometimes seem like a hopeless situation, but our bankruptcy attorneys are here to help you deal with your debt problems, including:

• Creditor Harassment
• Wage Garnishment
• Repossession
• Foreclosure Threats
• Child Support Payments
• Student Loan Debt
• Taxes

The two most common types of bankruptcy are:

• Chapter 7 Liquidation
• Chapter 13 Reorganization
• Chapter 11 bankruptcy is rarely filed, and it is reserved mainly for corporations and consumers with extremely
  high amounts of debt.

Chapter 7 Bankruptcy
Filing for Chapter 7 Bankruptcy deals with liquidation and petitioning the Bankruptcy Court to discharge debts owed. Chapter 7 Bankruptcy is for consumers, businesses and corporations looking to wipe out most of (if not all) of their debt.

When you file for Chapter 7 Bankruptcy, you are allowed to keep some of your debt, such as:

• House Mortgage
• Car Loan

Creditors cannot force you to keep any of your debt, and once Chapter 7 Bankruptcy
is filed all collection attempts from creditors must cease.

Chapter 13 Bankruptcy

Filing for Chapter 13 Bankruptcy is reserved for consumers and non-corporation businesses that wish to come up with a reorganization debt payment plan to pay back their creditors. It is available for people and businesses that do not meet the income eligibility standards for Chapter 7 Bankruptcy. When you file for Chapter 13 Bankruptcy, you and your bankruptcy lawyer will file a plan with the Bankruptcy Court to pay your debt over a three to five year period. The debt repayment plan for Chapter 13 Bankruptcy is based on a percentage of debt owed and depends on what you can afford to pay relative to your income and expenses.

Chapter 13 Bankruptcy Reorganization often includes non-dischargeable debt, such as:

• Student Loans
• Taxes
• Child Support

Find a Bankruptcy Attorney

If you are looking for a bankruptcy attorney in Canton, Belleville, Westland, Romulus, Ypsilanti or surrounding areas, our bankruptcy lawyers here at Kelley & Evanchek, PC are here to help.

Get debt relief today! Eliminate debt and protect your assets. Contact us online or by phone at (734) 397-4540 for a free bankruptcy lawyer consultation.