Practice Areas

Chapter 7

Chapter 7 Bankruptcy

Michigan

Chapter 7 bankruptcy has often been called a "fresh start" bankruptcy because it erases most debts altogether. Chapter 7 bankruptcy is often the most appropriate strategy for people who have incurred overwhelming medical, or credit card expenses or who have lost an income source altogether through a layoff, divorce, or loss of child support.

Chapter 7 bankruptcy is for people who will likely never have the ability to pay back their debt under a debt restructuring plan in Chapter 13.

Chapter 7 bankruptcy has changed with the new federal bankruptcy law, but it IS still available for many people. The experienced bankruptcy attorneys at Acclaim Legal Services will be happy to explain these changes and to help you determine if you qualify for Michigan Chapter 7 bankruptcy.

Filing Chapter 7 bankruptcy in Michigan gives you breathing room.

• It stops creditor harassment
• It provides total relief from unsecured debt, such as credit card bills, and medical bills, judgment, garnishment, utility bills, car repossessions, gambling debt

If you qualify for Chapter 7 bankruptcy it is easy to accomplish, although the new bankruptcy laws have made it more important than ever that you work with an experienced and knowledgeable bankruptcy attorney. If a filing is done incorrectly, it may be denied and you may not have an opportunity to apply again for relief from those debts.

After an initial consultation to see if you qualify, the process of filing Chapter 7 bankruptcy is quite straightforward. You will receive credit counseling and will then make one court appearance. Our Chapter 7 bankruptcy attorney will prepare all paperwork and appear at court with you.

Chapter 7 bankruptcy offers a fresh start in many ways, but it cannot help you retain property that you can no longer afford. If your house is in foreclosure or about to be foreclosed upon, Chapter 7 bankruptcy may allow you to retain equity you have built in the house, but it is likely the house will be sold.

If you have a vehicle, you will either need to reaffirm the debt or return the vehicle.

These are serious considerations and every bankruptcy situation is different. It will be important for you to consult a knowledgeable Chapter 7 bankruptcy attorney to advise you on the specifics of your case.

At Acclaim Legal Services, your initial consultation with a bankruptcy lawyer is free. You have nothing to lose by investigating bankruptcy as an option for debt relief. Please contact our offices to schedule an appointment and begin the process of regaining peace of mind and financial stability. Call us at 866-261-8282.

Acclaim Legal Services is a debt relief agency serving people in Wayne County, Oakland County, Macomb County, Livingston County, St. Clair County, Genesee County, and Washtenaw County including Detroit, Livonia, Flint, Southfield, Pontiac, Mt. Clemens, Warren, Royal Oak, West Bloomfield, Troy, Ann Arbor, Dearborn, Sterling Heights, Ypsilanti, and Farmington Hills. We help people file for bankruptcy relief under the Bankruptcy Code.