Our Detroit bankruptcy attorneys may use the law to protect your home and family.
The Detroit bankruptcy attorneys who sponsor Total Bankruptcy want people to know that filing a Chapter 7 or Chapter 13 case is the right of every American citizen. They firmly believe that the Bankruptcy Code is a set of federal laws with very broad powers that entitle anyone with severe financial problems to obtain relief from debt and rebuild their life.
Our Detroit bankruptcy attorneys work with individuals to explain their options of filing a Chapter 7 or Chapter 13 case. In a Chapter 7 case, most of your unsecured debts may be discharged and assets beyond allowable exemptions are liquidated to pay some or all of your debt. As our Detroit bankruptcy attorneys should explain to you, many of your assets may be exempt -- meaning they cannot be liquidated.
Your Detroit bankruptcy attorneys may be able to use Michigan state laws to protect up to $3,500 for rural or urban land and buildings and 100% of your salary, compensation, unemployment, and ex-servicemen's benefits. In addition, your bankruptcy attorneys may be able to also use state laws to cover 100% of personal items such as family pictures, clothing, and food and fuel as well as household goods, furniture, utensils, books, and appliances, not exceeding in value $1,000.
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220 W. Congress 2nd Floor Detroit, MI 48226 Map | Directions | Case Evaluation |
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If you're thinking about filing, you may need to start by taking a good look at your present situation.
Although you may feel overwhelmed by your present situation, you may really need to sit down and get a better handle on what is really happening. You may be able to start the process yourself. Once you understand where you may be at, you should more readily present a clear picture to your legal counsel. When given the right information, an experienced lawyer should help separate panic from reality and even advise that you might not be in as bad shape as you think.
Here are some initial questions to ask yourself:
Have you had, or are your creditors threatening, a foreclosure on your home, a repossession of your car or other legal action to take your property?
Have you experienced a dramatic drop in income that you don't anticipate replacing anytime soon?
Are you frequently late paying bills?
Do you only pay the minimum on your credit cards?
Are you unable to make even the minimum payments?
Do you have to sacrifice basic necessities just to make ends meet?
Are you paying more money than you make on just your monthly living expenses?
Are you losing sleep at night wondering how you're going to make it?
Have you bounced more than one check in the last two months?
Are your wages currently, or in jeopardy of, being garnished?
Have you recently become partially or totally disabled?
If you answered yes to any of these questions, filing may be right for you. To get the help you deserve, fill out our Free Case Evaluation or call us at 1 (877) 349-1309.
Click Here For a Free Bankruptcy Evaluation
The purpose of this web site is to help you learn everything you need to know about bankruptcy, the process, your bankruptcy attorney and your legal rights. The best place to start is with the U.S. Bankruptcy Code. It delivers protection to people in financial jeopardy who are suffering under mountains of debt. Bankruptcy is your legal right.