BANKRUPTCY LAMBERTVILLE GUIDE
Learn about bankruptcy and what you can expect.
About This Page:
All content below is for educational purposes only and is not legal advice.
- Compare France Law Group vs. one of the region’s largest bankruptcy firms
- Bankruptcy FAQs
- Google Maps showing Bankruptcy Hearing locations
COMPARISON: FRANCE LAW GROUP, LLC
|CLIENT SERVICES||FRANCE LAW GROUP||LARGE MICHIGAN BANKRUPTCY FIRM|
|Free initial consultation||Yes (1 hour)||Yes (only 15 minutes)|
|Local firm ownership||Yes (Toledo)||No (Cleveland)|
|Personal attorney assigned to you||Yes||No|
|Chapter 7 Express File Discount Program||Yes||No|
|Free, Lighted parking lot on premises||Yes||No|
|Suggested minimum retainer||$60||$100|
|Welcoming environment, full customer support||Yes (see our reviews)||Compare for yourself|
|Evening appointments||Yes (by appointment)||No (closed at 6 p.m.)|
|Recent (Chapter 7) price comparison*||$790-$990 + filing fee||$980 + filing fee|
*Competitor pricing and data derived from recent inquiry, subject to change
For educational purposes only. Not intended to be direct legal advice.
HELP! I’M BEING GARNISHED!! The filing of a bankruptcy will stop wage garnishments. Once a case is filed, the debtor enjoys the protection from creditors known as the “automatic stay” which ends the garnishment and prohibits creditors from contacting you directly during much of the case. If you have been recently presented with a creditor lawsuit, you need to know that you have a limited window of time to respond.
WHAT IS CHAPTER 7 BANKRUPTCY? Chapter 7 Bankruptcy essentially eliminates most unsecured creditors, such as medical bills, vehicle repossessions, credit cards, and more. It is often referred to as “Liquidation” as it is possible to lose personal assets due to excessive equity or other factors. A good bankruptcy attorney will take the time to carefully analyze your situation to determine if anything may be at risk. In many cases, debtors are able to keep both their home and vehicle. This type of bankruptcy is generally less expensive than it’s Chapter 13 counterpart and does not require a monthly payment plan to the U.S. Government.
WHAT IS CREDIT COUNSELING? The credit counseling requirement is simple, inexpensive, and can be a valuable educational resource. Each debtor is required to complete two separate credit counseling courses. The first course is pre-filing, while the 2nd course is post-filing. These classes are typically offered online for a nominal fee. At the end of your course, please advise your course provider that a copy of your certificate needs to be sent to your bankruptcy attorney.
WHAT ABOUT STUDENT LOANS? With some very limited exceptions, student loans are generally not discharged. In rare cases, a hardship exception may apply. Your experienced bankruptcy attorney will be able to apply your situation to the exact rule. Although most student loans survive a bankruptcy, it is possible to negotiate directly with the student loan provider for more affordable repayment options. Another solution may be Chapter 13 Bankruptcy which is essentially a 5 year repayment plan of your debts, however many clients include student loans in their monthly payments.
DO I HAVE TO GO TO COURT? In most Chapter 7 Bankruptcy cases, each debtor typically only has to attend one court event (aka “Meeting of Creditors.” ) This meeting occurs about 45 days post case filing. The meetings typically only last about 5-10 minutes and give both the Trustee and any interested creditors an opportunity to discuss the case with the debtor. Each debtor is required to bring 2 pieces of identification (driver’s license & social security card) and bank statements covering the date of filing. Most clients from Southeastern Michigan attend their Meeting of Creditors in Ann Arbor, Michigan. Clients residing closer to the Detroit, Michigan metropolitan area may have their Creditors Meeting in downtown Detroit, Michigan. Your experienced chapter 7 bankruptcy attorney will be with you every step of the way.
CAN I FILE WITHOUT MY SPOUSE? Yes, a married person is permitted to file with or without her or her spouse. Most bankruptcy attorneys charge by the case, not by the person, so it may be more economical to file jointly if both spouses have sufficient debt. When filing solo, you will need some of your spouse’s financial information, however this requirement does not affect the non-filing spouse.
WILL I LOSE MY INCOME TAX REFUND? Tax refunds are a topic that all potential debtors must discuss with their experienced bankruptcy attorney. Whether you have already received your income tax refund, recently filed your income tax returns, or you’re filing later in the calendar year, income tax refunds can have an impact on your bankruptcy case. All debtors are required to produce a copy of their last two income tax returns for both Federal and State. While there are many subtle nuances about income tax returns that your bankruptcy attorney will discuss with you, one common misunderstanding occurs around tax refund season. If you are considering filing for bankruptcy relief (chapter 7 bankruptcy or chapter 13 bankruptcy), make a copy of your refund check and do not spend any of it before consulting with your bankruptcy attorney. Generally speaking, tax refund proceeds may be used on basic necessities, but expenditures such as vacations, repayment to family or friends, paying months in advance on a loan, or more favorably treating any particular creditor can adversely affect your bankruptcy case. Your experienced bankruptcy attorney will carefully guide you through the perils associated with spending your income tax refund in the context of bankruptcy filing. In many cases, with some solid advice, debtors can maximize the value from their tax refund without adversely affecting their bankruptcy filing.
I FILED IN 2010. CAN I FILE AGAIN? If you have filed for Chapter 7 Bankruptcy wit in the last eight (8) years, you are not currently eligible to do so again. The eight (8) year clock begins on the date of the previous case filing. If you are in need of bankruptcy relief, despite facing the eight (8) year rule, one solution is to ask your attorney about Chapter 13 Bankruptcy. Not the same type of bankruptcy, but it does have the ability to stop wage garnishments, stop home foreclosures, and more.
I’M OVERWHELMED. WHERE DO I BEGIN? A feeling of being overwhelmed by mounting debt and collection threats is a common feeling among debtors. First, know that you don’t have to go through this alone. Also, many people are thrown into these situations by something out of their control that happened to them (i.e. medical, divorce, job loss, etc). Here is a quick 3 step approach to getting started:
- Schedule your free consultation (419) 725-9300
- Pull your free credit report (click on link)
- If you have a couple recent pay stubs, bring those to your appt.
Bankruptcy Lambertville, MI
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NOTICE: We are a debt relief agency. We help individuals file for relief under the United States Bankruptcy Code. All content contained within the pages of this website as well as any outbound web links are for educational purposes only and are NOT intended to be construed as legal advice. Choosing a chapter 7 bankruptcy attorney near Lambertville, Michigan is an important decision.
Chapter 7 bankruptcy attorney serving Southeastern Michigan: Lambertville, Blissfield, Ottawa Lake, Temperance, Deerfield, Adrian, Morenci, Summerfield, Ida, Samaria, Ida, Luna Pier, Bedford Township, Monroe, Dundee, Milan, Saline, Ypsilanti, Ann Arbor, Canton, Novi, Detroit, Southgate, Taylor, Southfield, Summerfield, Tecumseh, Lenawee County, Washtenaw County, Monroe County, Wayne County, Michigan
Chapters 7 and 13 bankruptcy attorney serving Northern Ohio: Toledo, Sylvania, Metamora, Oregon, Rossford, Maumee, Perrysburg, Lake Township, Port Clinton, Sandusky, Holland, Swanton, Whitehouse, Neapolis, Delta, Wauseon, Fayette, Archbold, Bryan, Montpielier, Grand Rapids, Waterville, Napoleon, Defiance, Haskins, Tontogany, Bowling Green, North Baltimore, Fostoria, Woodville, Clyde, Fremont, Tiffin, Bellevue, Monroeville, Norwalk, Huron, Milan, Westlake, Cleveland, Upper Sandusky, Lima, Findlay, Lucas County, Hancock County, Wood County, Allen County, Fulton County, Erie County, Sandusky County, Ohio
Chapter 7 bankruptcy attorneys and lawyers near Lambertville, Michigan