When people are struggling with overwhelming debt, it can be difficult to see a way out of the situation. People may be so wrapped up in trying to make ends meet that they don't even consider their other financial options. The pressure placed on a person by creditors, bills and other obligations can make the future seem bleak.
For Michigan residents in this situation, bankruptcy might be a good solution. While people may think that bankruptcy has a stigma, people need to understand that it is just a legal process to help those in need. Not only will filing for Chapter 7 bankruptcy stop all collection efforts by creditors, it will erase many of a person's consumer debts. These debts include medical debt, credit card debt and other unsecured personal debt -- like personal loans.
Our firm has been helping people file for Chapter 7 bankruptcy for many years. Just like no two people have the same financial situation, no two people have the same bankruptcy. Our firm can help explain to people how bankruptcy will work, which debts can be eliminated and what personal property people can keep. With this information, we can help people determine if bankruptcy is right for them.
If people decide to file for bankruptcy, we can manage the filing. Filing for bankruptcy is a complicated legal process that requires a person to follow certain steps. Our attorneys can help to ensure that people have met all the eligibility requirements to file for Chapter7 and that they continue to meet any deadlines, and legal technicalities that arise during the process.
Our website has more information about how Chapter 7 bankruptcy works and if it is right for you.