Charles J. Schneider, P.C.certified consumer bankruptcy specialist
forms for your office visit
call today 734-237-1523
Practice Areas Menu In This Section

Chapter 7 Archives

What debts may not be dischargeable in a Chapter 7 bankruptcy?

People in Wayne, Michigan, know that qualified debts will be discharged in a successful Chapter 7 bankruptcy. What is sometimes forgotten is that not necessarily all debts will be eliminated in Chapter 7. There are some debts that may remain after the process is complete.

Chapter 7 bankruptcy and Michigan's bankruptcy exemptions

As we have discussed before on this blog, Chapter 7 bankruptcy can be a good way for people in Wayne, Michigan, to get a fresh financial start after a bad experience with debt. Many people have benefited from this fresh start, rebuilding their credit and getting their lives back on track financially.

Chapter 7 bankruptcy has positive aspects for consumers

When people talk about Chapter 7 bankruptcy, it's fairly common for much of the emphasis to be on the perceived negative aspects of it. But it's important for consumers in Wayne County, Michigan, to have a complete picture of bankruptcy, including its positive features, before making a decision as to whether to file for bankruptcy or not.

What can be exempted in a Chapter 7 bankruptcy?

Though the Great Recession may have come and gone, many Americans, including those in Michigan, still find themselves struggling with debt. Those who struggle with debt may have trouble sleeping at night and focusing at work and family functions because of the stress caused by financial strain. Though it may seem scary, these individuals should take comfort knowing that they may be able to find debt relief in the form of Chapter 7 bankruptcy.

Navigating the process of Chapter 7 Bankruptcy

There is an undeniable level of stress that comes with a seemingly never-ending mountain of debt. Those who find themselves in such situations can often get overwhelmed by the debt in question and this can sometimes make the decision process of deciding how to escape the debt much more difficult. However, there are options that allow individuals to have a fresh financial start. One of these is Chapter 7 bankruptcy.

Learn about the means test for Chapter 7 bankruptcy

One of the more popular options for Michigan consumers seeking a fresh financial start is Chapter 7 bankruptcy. You may have heard that consumers wishing to file for Chapter 7 bankruptcy must pass a means test. What is the means test? This blog post provides some basic information on what the means test is and how it could affect your filing for Chapter 7.

What is the discharge in bankruptcy?

When facing overwhelming debt, Michigan residents may turn to bankruptcy in order to get a fresh financial start. Without bankruptcy, they may not be able to pay their bills as they become due. As a result, they are often subject to harassing and embarrassing calls from creditors and collection agencies. Filing for bankruptcy can immediately offer some relief to the petitioner. However, in order to get long-term debt relief, people must obtain a discharge.

What is Chapter 7 bankruptcy and how does it work?

Wayne County consumers looking for a fresh financial start have probably heard of Chapter 7 bankruptcy and may be wondering how it could help them. This blog post describes the basics of Chapter 7 and how it could help a consumer obtain debt relief.

Let us explain how Chapter 7 can work for you

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.

Stopping creditors with the automatic stay

When Michigan residents are facing overwhelming debt it can be scary. People may be concerned with how they are going to feed themselves, pay their bills, keep a roof over their head and pay for transportation to work. Creditors can make these fears even worse with their constant calls, threatening letters and legal action. Michigan residents may not know where to turn or how to even begin to get out of debt. People may know that bankruptcy can take months to complete, but need immediate relief.

  • rating

    Posted by MaryDecember 11, 2015

    "I am overwhelmed by your response to my call, even 10 years after my bankruptcy was discharged. You have more knowledge and expertise than I could have imagined. Because of you, my fears have been put to rest. For that, I'm so very grateful. Thank you many times over. "

  • rating

    Posted by ClientOctober 26, 2010

    "... I was extremely impressed with Charles' understanding of the bankruptcy laws to the extent that I felt certain that my best interests were always at the forefront. "

  • rating

    Posted by MarleneJanuary 8, 2014

    He helped me thru my 1st bankruptcy and now the second. I had no idea what to expect , but they kept me informed and answered all my questions. Mr. Schneider is the most experienced and knowledgeable lawyer I have ever met. If you have to file call this attorney first!

  • Avvo Rating 10.0 superb | Top Attorney Bankruptcy
  • Rated By Super Lawyers Charles J. Schneider | visit superlawyers.com | super lawyers 2011-2015
  • Avvo Ratting 10.0 superb Top attorney chapter 7
  • Avvo clients' choice 2014 | chapter 7
  • ICLE CONTRIBUTOR
  • American board of certification | certified consumer bankruptcy specialist
  • AV lexisNexis Martindale-Hubbell Peer Review Rated for ethical standards and legal ability
email us for a response

Let us evaluate your situation
and identify solutions

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy