We have locations available by appointment in the following areas. Please call us to speak to an attorney and set up an initial meeting.
If you are overwhelmed by debts and have limited assets to pay down these obligations, Chapter 7 bankruptcy may be an option for you. The bankruptcy code offers a variety of protections for people in your situation, including shielding you from additional collection attempts during the course of your bankruptcy.
Our compassionate bankruptcy attorneys are here to help you get the fresh financial start you deserve. To get the best available result, talk to our Grand Rapids Chapter 7 bankruptcy lawyers today.
To qualify for Chapter 7 bankruptcy in Dearborn, an individual must meet certain financial and legal requirements. These eligibility requirements are designed to ensure the process is reserved for those who truly need debt relief. The primary factor determining your eligibility is the means test, which compares your income over the past six months to Michigan’s median income for a household of similar size. If a debtor’s income is below that threshold, they typically qualify.
If the income exceeds the median, the test continues by deducting necessary expenses, such as housing and healthcare, to determine your disposable income. Those with little remaining income after expenses may still be eligible. Additional requirements include completing a credit counseling course from an approved agency before filing and not having received a Chapter 7 discharge within the past eight years. Meeting these standards allows Dearborn residents to pursue Chapter 7 with the help of a dedicated attorney.
There are many reasons why filing for bankruptcy might be in your best interest. Our Dearborn Chapter 7 bankruptcy attorneys can advise you on how these benefits might impact you.
One of the biggest benefits of filing for bankruptcy is the protections that go into place immediately. This starts with a mechanism known as the automatic bankruptcy stay. The moment you file for bankruptcy, your creditors are immediately barred from collecting your debts for as long as it is in place.
The extent of the automatic stay is broad. It brings all current litigation to a halt and also terminates existing wage garnishments. During this time, your creditors cannot sue you, levy your bank accounts, or even call to try and settle your account.
The ultimate goal for most people filing for Chapter 7 bankruptcy is discharging most of their debts. Once you meet all of the requirements under Chapter 7, you can generally discharge these obligations, meaning you no longer owe that money to your creditors.
It is important to note that not every debt is dischargeable. Child support and delinquent tax obligations will remain in place after your bankruptcy, and secured creditors can still seek to foreclose on your property or repossess your vehicle. Our attorneys can answer your questions about what debts might not be dischargeable.
Compared to other options, including Chapter 13 bankruptcy, Chapter 7 gives you a path to not only discharge your debts but do so in a relatively short amount of time. If everything goes smoothly, you could conclude your bankruptcy in around six months. This is compared to the five-year period Chapter 13 often takes.
Before you attempt to obtain a bankruptcy discharge on your own, you can benefit from relying on the skill and experience of legal counsel. Our attorneys understand the challenges and benefits of the bankruptcy system, and we will work tirelessly to help you get the discharge you deserve. Call a Dearborn Chapter 7 bankruptcy lawyer today to discuss your fresh financial start.
We have locations available by appointment in the following areas. Please call us to speak to an attorney and set up an initial meeting.
We are a debt relief agency helping people file bankruptcy under the United States Bankruptcy Code.
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