Livonia Asset Protection Lawyer

If you have assets you want to protect from creditors, bankruptcy may provide a solution. Filing bankruptcy will put an immediate stop to foreclosure, repossessions, garnishments, judgments and other adverse creditor actions.

At Charles J. Schneider, P.C., our attorneys have been helping individuals and business owners in Michigan protect their assets since 1977. We provide a free initial consultation to discuss your situation. Our law office is conveniently located in Livonia, Michigan, and we serve clients throughout the Detroit metropolitan area.

Bankruptcy And The Automatic Stay

Bankruptcy includes an automatic stay that protects you from any attempt by a creditor to collect on a debt that you owe. Creditors cannot call you, sue you, garnish your wages or bank account, or repossess your property as long as the stay is in effect.

If a creditor has a secured interest in an asset (such as a home or a car), you will need to get caught up on payments if you want to keep the asset. However, filing bankruptcy gives you time and breathing room to put your finances in order. Filing bankruptcy may also allow you to discharge certain unsecured debts, such as credit card or hospital bills, enabling you to keep up on payments for the assets you do not want to lose.

You are protected by the automatic stay when you file Chapter 7 or Chapter 13 bankruptcy. However, Chapter 13 bankruptcy enables you to protect assets beyond the exemptions that Chapter 7 bankruptcy provides. When you file Chapter 13 bankruptcy, you can repay debts over a three- to five-year period. As long as you can afford payments, you can keep all of your assets.

Our bankruptcy lawyers are committed to getting the maximum asset protection for each client. We use imaginative solutions to maximize what assets and property you get to keep, including future income, while minimizing what your creditors get. We provide comprehensive bankruptcy advice to our clients, as the impact of bankruptcy continues long after the initial filing of the bankruptcy.

Learn more about emergency bankruptcy filings.

Learn more about protection of retirement assets, 401(k) plans and real estate in bankruptcy.

Prebankruptcy Planning Attorneys Serving Westland And Metro Detroit

To discuss your debt problems with our Livonia asset protection attorneys, call 734-237-1523 or fill out the contact form on this website. We offer evening and weekend appointments.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.