You may be only a few clicks away from our helpful Detroit bankruptcy lawyers
The experienced Detroit bankruptcy lawyers sponsoring Total Bankruptcy should know how to help you navigate the sometimes tricky waters of filing, eliminate the majority of your debts and help you keep as much of your property as possible. Our Detroit bankruptcy lawyers may also help you emerge with a plan for a healthier financial lifestyle.
Best of all, you should learn more about your options without paying our Detroit bankruptcy lawyers a single penny. When you call us toll-free at 1-877-349-1309 or use our online case evaluation form, you may be opening the door to strong support. One of our experienced Detroit bankruptcy lawyers should contact you to schedule your free, no-obligation consultation. How could it be any easier?
Right from the start, you should be able to depend on your bankruptcy lawyers for strong support and understanding as well as experienced legal counsel.
Learn about the laws that keep creditors' hands off your property.
Exemptions are laws passed by every state that allow you to protect certain types of your property from your creditors when you file bankruptcy - such as your home, car, pensions and IRAs, motor vehicles, clothing, tools, and other important property. Michigan law provides a number of exemptions that may be used to protect your property, and your attorney should be able to advise you on which Michigan exemptions are best for you.
Homestead: Up to $3,500 for rural or urban land and buildings.
Wages: There is no specific wage exemption. 100% of your worker's compensation, unemployment and ex-servicemen's benefits are exempt.
Other property: 100% of family pictures, clothing, and food and fuel; household goods, furniture, utensils, books, and appliances, not exceeding in value $1,000; 10 sheep, 2 cows, 5 swine, 100 hens, 5 roosters, and a sufficient quantity of hay and grain for properly keeping the animals and poultry for 6 months; tools, implements, materials, motor vehicle, and other things to enable a person to carry on a profession.
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The time to act may be now!
The bankruptcy laws:
Impose a strict and complicated Means Test that may restrict your ability to qualify for protection.
May require you to get a certification from a debt counselor that you made efforts to reduce your debt outside of filing.
May increase the work and cost associated with obtaining a discharge.
If you think that you may soon be seeking to file, the time to contact us is now!
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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.