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Bankruptcy Law

Filing for Chapter 7 and Chapter 13 Bankruptcy in Michigan

No matter what propelled you into this situation - medical bills, loss of a job, death of a spouse, divorce - bankruptcy may be the option you need to get a fresh start for you and your family. The experienced attorneys at the Troy, Michigan law firm of Powers Chapman assist joint (married) debtors and individual debtors, including individuals who may be married but whose spouse will not be filing bankruptcy, every day and with decisions such as whether or not bankruptcy is the right option and, if it is, under which Chapter of the Bankruptcy Code the debtor should file.

Seeking relief under Chapter 7 is generally simple and the result is the debtor keeping most of their possessions without any of the debt. Only certain debtors qualify to file under Chapter 7 and our attorneys will be able to counsel you and your family on whether or not this is an option for you.

Seeking relief under Chapter 13 requires a plan to be filed with the court which requires repayment of your debts over a three to five year period. Because most tax claims and student loan debt cannot be discharged in bankruptcy, a Chapter 13 plan allows for the restructuring of this type of debt to assist the debtor is making smaller and more manageable monthly payments. In most cases, mortgage delinquencies can also be spread out over the course of the plan to avoid foreclosure. Call today to discuss the many other benefits of filing for Chapter 13 relief.


Alternatives to Filing for Bankruptcy

Bankruptcy is not an option for everyone. Our attorneys can offer advice on bankruptcy alternatives, seeking credit counseling from other entities, selling property, and negotiating with your creditors. Our job is not to get you to file for bankruptcy - our job is to provide you with all of the options available to you under the law so that you can make the decision whether or not bankruptcy is the right solution for you. Call today for a free consultation.

Call to Speak with an Experienced Bankruptcy Attorney Today (248) 643-6500

When you hire an experienced Powers Chapman bankruptcy attorney, you will be receiving one-on-one legal counsel from start to finish. Your lawyer will assist you with gathering all of the necessary paperwork, filing all of the required documents, assisting you in setting up your mandatory credit counseling, and preparing you for and attending your -341 creditors - hearing. Your attorney will also make sure that you are taking full advantage of all the exemptions allowable under the Bankruptcy Code so that you can keep the things that you want. Call Powers Chapman today for the relief you need.


* PURSUANT TO 11 USC SECTION 527(b), THE FOLLOWING IS IMPORTANT INFORMATION ABOUT BANKRUPTCY ASSISTANCE SERVICES FROM AN ATTORNEY:


If you decide to seek bankruptcy relief, you can represent yourself, you can hire an attorney to represent you, or you can get help in some localities from a bankruptcy petition preparer who is not an attorney. THE LAW REQUIRES AN ATTORNEY OR BANKRUPTCY PETITION PREPARER TO GIVE YOU A WRITTEN CONTRACT SPECIFYING WHAT THE ATTORNEY OR BANKRUPTCY PETITION PREPARER WILL DO FOR YOU AND HOW MUCH IT WILL COST. Ask to see the contract before you hire anyone.


The following information helps you understand what must be done in a routine bankruptcy case to help you evaluate how much service you need. Although bankruptcy can be complex, many cases are routine.


Before filing a bankruptcy case, either you or your attorney should analyze your eligibility for different forms of debt relief available under the Bankruptcy Code and which form of relief is most likely to be beneficial for you. Be sure you understand the relief you can obtain and its limitations. To file a bankruptcy case, documents called a Petition, Schedules and Statement of Financial Affairs, as well as in some cases a Statement of Intention need to be prepared correctly and filed with the bankruptcy court. You will have to pay a filing fee to the bankruptcy court. Once your case starts, you will have to attend the required first meeting of creditors where you may be questioned by a court official called a 'trustee' and by creditors.


If you choose to file a chapter 7 case, you may be asked by a creditor to reaffirm a debt. You may want help deciding whether to do so. A creditor is not permitted to coerce you into reaffirming your debts.


If you choose to file a chapter 13 case in which you repay your creditors what you can afford over 3 to 5 years, you may also want help with preparing your chapter 13 plan and with the confirmation hearing on your plan which will be before a bankruptcy judge.


If you select another type of relief under the Bankruptcy Code other than chapter 7 or chapter 13, you will want to find out what should be done from someone familiar with that type of relief.


Your bankruptcy case may also involve litigation. You are generally permitted to represent yourself in litigation in bankruptcy court, but only attorneys, not bankruptcy petition preparers, can give you legal advice.


** The Law Firm of Powers Chapman is a debt relief agency. We help people file for relief under Chapter 7 and Chapter 13 of the U.S. Bankruptcy Code. Powers Chapman is not an approved non-profit budget and debt counseling agency and cannot provide any services in that capacity. Further, it should be understood that consultation with this office will not satisfy the requirement under the Bankruptcy Law that in order to become a debtor under the Bankruptcy Code you must contact an approved non-profit budget and credit counseling agency.

 

Bankruptcy Law

Super Lawyer Profile

 
Attorneys at the Troy, Michigan law firm of POWERS CHAPMAN represent clients across the State of Michigan and throughout the Tri-County Area of Wayne County, Macomb County and Oakland County. Whether you are local - Detroit, Southfield, Sterling Heights, Warren, Pontiac, Livonia, Madison Heights, Royal Oak, Dearborn, Rochester, Novi, West Bloomfield, Romeo, Berkley, Ferndale, Oak Park, Clawson, Mt. Clemens, Farmington Hills - or far away - Grand Rapids, Traverse City, Kalkaska, Saginaw, Alpena, Muskegon, Battle Creek, Kalamazoo - POWERS CHAPMAN is ready to represent you.
 
 



Practice Areas:
Auto Accidents, Medical Malpractice, Dog Bite Liability, Personal Injury,
Probate, Estate Planning & Administration, Corporate, Business & Tax Law, Family Law
Criminal & Traffic Law, Real Estate Law, Bankruptcy Law, Labor & Employment Law, Appellate Law

Powers Chapman


3001 West Big Beaver Road, Suite 704
Troy, MI 48084

248-643-6500
Fax: 248-643-0280
LegalShield Fax: 248-643-2476