Bankruptcy

Bankruptcy Lawyers Help you Find Financial Freedom

Bankruptcy can be one of the toughest situations for a person to experience. While no one looks forward to the prospect of a bankruptcy filing, in certain situations it might be the best option to pursue. Perhaps you find yourself incurring extensive medical bills, or you experienced a divorce and were stuck with large amounts of credit card debt in the aftermath. Maybe you lost your job and fear that your home will go into foreclosure. Whatever your situation, if the prospect of financial calamity overwhelms you, at least rest assured that you don’t have to face this difficult situation alone.

Chapter 7 and Chapter 13 Bankruptcy Assistance

At Debolski, Debolski, and O’Connor, bankruptcy is one of our specialties. Because we collectively have over 60 years of experience, we are very knowledgeable with the entire bankruptcy procedure. We can help you determine if a Chapter 7 bankruptcy, in which you liquidate all non-exempt assets to pay creditors, or a Chapter 13 bankruptcy, in which you set up an installment plan to pay off debts, works best for your situation. If it is for a business you own, a Chapter 11 bankruptcy might fit your needs.

If phrases like Chapter 7 vs. Chapter 13, stay of foreclosure, meeting of creditors, exempt vs. non-exempt property, and other bankruptcy terminology sounds confusing, you’re not alone. Bankruptcy is a complex subject with several different possibilities to pursue. While it is a difficult situation to find yourself in, thankfully we are here to help you.

Contact Bankruptcy Lawyers with Offices in Ann Arbor, Garden City, and Warren

If you find yourself considering bankruptcy, please contact our office today. Together we can discuss your situation and determine the best course of action going forward. Additionally, we will guide you through the entire bankruptcy process from start to finish.

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