Chapter 7 Bankruptcy Attorney

Bankruptcy Attorney Serving Southeastern Michigan

Chapter 7 Bankruptcy near Lambertville, Michigan

Chapter 7 Bankruptcy Attorney near Lambertville, Michigan


 What is Chapter 7 Bankruptcy?

This type of bankruptcy was enacted by Congress to allow individuals who are heavily burdened by  debt to obtain a fresh start by eliminating their unsecured debts. (i.e. credit cards, medical, other)

Chapter 7 is appropriate for debtors who are unable to pay a portion of their debts back to the creditors.   Chapter 7 is referred to as “liquidation” because debtors may have to surrender some of their assets in exchange for the elimination of most debts.   However, exemptions may be available to protect many of these assets.  Discuss available exemptions with your chapter 7 bankruptcy attorney to determine whether any of assets will be at risk.  Many debtors are able to avoid the liquidation of their assets by properly using their available exemptions.  In the event that an asset faces a serious liquidation risk, then be sure to discuss with your bankruptcy attorney whether chapter 13 bankruptcy is right for you.  In a chapter 13 bankruptcy, debtors make regular monthly payments over a 3-5 year period and liquidation is not factor.

Are certain debt non-dischargeable in chapter 7 bankruptcy?  Yes, while it is not possible to list every non-dischargeable debt in this introduction to chapter 7 bankruptcy, some of the more routine non-dischargeable debts may include, but are not limited to the following:  taxes, student loans, post petition debts, court ordered restitution, some recently incurred debts, child support arrears, spousal support arrears, and governmental overpayments received.  Be sure to fully disclose all of your debts to your chapter 7 bankruptcy attorney so that you become properly informed as to which of your debts may be eligible for discharge in a chapter 7 bankruptcy.

How long is the chapter 7 bankruptcy process?

Bankruptcy Relief

Chapter 7 Bankruptcy Relief Michigan.  Fresh Start.

While all cases are unique and more complex cases may require additional time, it is a general  expectation that a chapter 7 bankruptcy discharge occurs about 4-5 months following the filing of your bankruptcy.  This chapter 7 bankruptcy timeframe does not include the period of preparation leading up case filing which is more or less dependent upon both the amount of time needed by the debtor to be ready to file and in some cases, a debtor’s case strategy might include some sort of short-term postponement.  Your experienced chapter 7 bankruptcy attorney will work with you to create an individualized plan that is right for you. Contact us today to schedule your no obligation, free initial consultation.






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NOTICE:  We are a debt relief agency.  We help individuals file for relief under the United States Bankruptcy Code.  Choosing an experienced chapter 7 bankruptcy attorney near Lambertville, Michigan is an important decision.  All content contained within the pages of the website as well as all outbound web links are for educational purposes only and are NOT meant to be construed as legal advice.

Bankruptcy Lambertville, Michigan Resources





Chapter 7 bankruptcy attorneys near Lambertville, Michigan serving Southeastern Michigan:  Lambertville, Deerfield, Blissfield, Morenci, Ottawa Lake, Adrian, Tecumseh, Dundee, Petersburg, Summerfield, Samaria, Bedford Township, Temperance, Luna Pier, Ida, Monroe, Southgate, Taylor, Southfield, Detroit, Miilan, Ypsilanti, Saline, Ann Arbor, Canton, Lenawee County, Monroe County, Wayne County, Washtenaw County, Michigan.

Chapters 7 and 13 bankruptcy attorneys serving Northern Ohio:  Sylvania, Toledo, Metamora, Oregon, Maumee, Perrysburg, Holland, Rossford, Lake Township, Northwood, Port Clinton, Sandusky, Elyria, Westlake, Cleveland, Monclova, Waterville, Haskins, Bowling Green, North Baltimore, Cygnet, Whitehouse, Grand Rapids, Napoleon, Defiance, Neapolis, Swanton, Delta, Wauseon, Bryan, Montpelier, Fayette, Archbold, Liberty Center, Findlay, Lima, Fostoria, Upper Sandusky, Lima, Tiffin, Fremont, Woodville, Clyde, Bellevue, Monroeville, Norwalk, Wakeman, Huron, Lucas County, Wood County, Fulton County, Erie County, Sandusky County, Seneca County, Williams County, Allen County, Ohio

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