Bankruptcy Law

Bankruptcy Attorney Services

When you hear the word bankruptcy, you may have a negative knee-jerk reaction. However, when you find yourself drowning in debt, filing for bankruptcy is a great way to wipe clean your financial obligations and start over. Charles J. Schneider, P.C., located in Livonia, MI, offers bankruptcy attorney services throughout all of Southeast Michigan from; Brighton, MI to Westland MI, from Bad Axe, MI to Monroe, MI we’re here to serve you. To learn more or to schedule a free, confidential consultation, call us today at 734-591-4890.

Bankruptcy Law Facts

The first thing you should know is that bankruptcy, unlike other forms of debt relief, gives you the full protection of federal law. This means that once you’ve filed for bankruptcy, creditors cannot harass you or take any of your assets without the correct approval from the courts.

Now that you may be considering bankruptcy, you should know about the different kinds. Most people’s situations fall under the two most common forms of bankruptcy: Chapter 7 and Chapter 13.

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Chapter 7 Bankruptcy

This is the most common form of personal bankruptcy, and it means that you trade your assets for a complete and immediate discharge of any debt. Some assets are protected from liquidation, and others are not, so you need Charles J. Schneider, P.C., to help with our bankruptcy law services. We’ll walk you through your specific bankruptcy situation and help you decide whether Chapter 7 is for you.

Chapter 13 Bankruptcy

In direct contrast to Chapter 7, Chapter 13 bankruptcy allows you to keep all of your assets. However, instead of immediately discharging all of your debt, you have the chance to create a new repayment plan for your debts. This gives you an opportunity to pay off your debts at a rate that your budget can handle.

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You can become more familiar with bankruptcy basics, study FAQs about bankruptcy, or learn about special situations you may encounter on our website. Whatever type of debt and assets you have, our experienced team can help you with the bankruptcy process.

We have over 40 years of experience in the bankruptcy law field, and we’re dedicated to helping our clients get the relief they need. Contact us today at (734) 591-4890 for a free consultation to learn more.