WHICH CHAPTER IS FOR ME?
Is Chapter 7 Bankruptcy Right for Me ?
Is Chapter 13 Bankruptcy Right for Me ?
1-313-982-0010
You may want to consider filing Chapter 13 bankruptcy if you:
•own a home where you have significant equity and/or you own other significant assets;
•are looking for additional time to pay your debts;
•are looking to prevent or stop a mortgage foreclosure;
•want co-signers of your debt to be protected;
•have unsecured debts below $336,900 or secured debts that are less than $1,010,650;
•have regular income; and/or
•can pay your basic living expenses but are having a hard time keeping up with scheduled debt payments.
If you’re serious about taking control of your financial situation and If you're struggling to catch up on credit cards, medical bills, payday loans and other unsecured debts, filing Chapter 7 bankruptcy may be a good way to take back control of your financial life. You may want to consider filing Chapter 7 bankruptcy if you:
•have minimal property except for the basic necessities like furniture and clothing;
•rent your home or have little equity in your home;
•have difficulty paying your bills;
•have problems making the basic ends meet;
•you are being sued and/or are you facing a wage garnishment;
•you are behind on your credit card bills;
•you are unable to pay your medical bills;
•you are receiving utility shut-off notices;
•you are being harassed by bill collectors at all hours of the day and night;
•stopped opening your mail anticipating another bill;
•cashed in some or all of your savings to pay bills, but the balances are not going down;
•borrowed money from friends and family to pay bills and are now feeling guilty that you can’t pay them back;
•you are making little or no income;
•you are making just the minimum payment on your bills month after month;
•you have little “disposable” income left each month;
•have little money at the end of each month after paying basic living expenses;
•have a lot of unsecured debt like credit cards or medical bills;
•have trouble making ends meet with your income;
•make less than your state’s median income level; and/or
•make minimal or no income.
If any of those situations sound all too familiar, it may make sense to learn more about filing Chapter 7 bankruptcy
Steps to Filing Chapter 7 Bankruptcy
Step 1: Qualifying to File Chapter 7 Bankruptcy
Step 2: Mandatory Credit Counseling Briefing
Step 3: Filing Chapter 7 Bankruptcy
Step 4: Mandatory Debtor Education Course
Step 5: Chapter 7 Debt Discharge
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Before You File a Chapter 7 Documents You need
In order to properly file your bankruptcy case, we need some document from you (if You have), which will likely include:
1- Copies of Federal Tax Returns for at least the last two years,
2- Pay check stubs for the past six months for both filer and spouse,
3- A photocopy of your driver’s license and social security card,
4- Personal bank account statements for the past year,
5- Business bank account statements for the past year if you operate a business,
6- All credit card statements, loan statements, mortgage statements, and utility bills for the past six months,
7- Any collection letters, lawsuit papers, complaints, or attorney notices,
Information about any collection phone calls you have been receiving (name of collection company, phone number, what debt they trying to collect),
8- Copy of recorded deeds for real estate you own, copy of the recorded Mortgage, SEV and mortgage statements.
9- If divorced, a copy of the divorce decree and any agreements relating to property settlements under the divorce, and
Copies of alimony or child support orders in effect.
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Please do not cancel your appointment for your initial office visit simply because you do not have these documents
Bankruptcy Lawyers in Michigan
$499.00 Chapter 7
Price Limited to Detroit Metro Areas Only
