Filing for Bankruptcy in Michigan
If you're struggling to pay your bills, you know how easy it is to get into debt and how hopeless trying to get out can feel. When you finally manage to find enough cash to pay an overdue bill, the next payment is already due. Your creditor also charged you a substantial late fee and interest charges, so even though you make your minimum payments, your debt continues growing. You might think you are entirely powerless over your financial situation.
Luckily, you’re not powerless at all!. You DO have the power to get out of debt. Filing for bankruptcy can set you free from the crushing weight of overwhelming debt. Call or text DebtStoppers today at 313-880-3970 to schedule a free debt evaluation with one of our skilled Michigan lawyers.
How To File Bankruptcy in Michigan?
When filing for personal bankruptcy, the first step is to decide which type is right for you. You have two choices: Chapter 7 and Chapter 13.
Michigan Chapter 7 bankruptcy enables you to wipe out most of your consumer debt and get a new start. Even though the law permits a court-appointed trustee to liquidate some of your assets to repay your debts, DebtStoppers clients are often able to keep all of their belongings.
On the other hand, Chapter 13 in Michigan reduces and restructures your debts instead of discharging them. You will make one affordable payment a month until your 3-to-5-year repayment plan is finished.
Once you've decided which chapter works best for your family, you can submit a petition to the nearest Michigan district court. This initiates the bankruptcy process.
How Much Does It Cost?
Since each family's situation is different, our rates will vary from case-to-case, but the average cost of our fees is always reasonable. We also offer affordable payment plans that enable you to pay off your fees over time.
In addition to attorney fees, you also will have to pay a $310 or $335 filing fee, depending on the chapter you choose. DebtStoppers is one of the only U.S. law firms that offer to advance the Chapter 7 filing fee, enabling you to get the relief you need from your creditors before you pay a single penny.
Can You File Bankruptcy Without a Lawyer?
While no laws require you to have a lawyer, the filing process can be legally complex and emotionally trying — especially if you are trying to do it alone. A supportive and knowledgeable attorney can make all of the difference in the world. Call or text DebtStoppers today at 313-880-3970 to request a free consultation with one of our experienced Michigan attorneys.
Can You Do It More Than Once?
People are often surprised to learn that they are allowed to file for bankruptcy multiple times. However, there are some limitations. You must still adhere to specific waiting period requirements that vary depending on the first type you used and the type you want to file the second time. If you've already filed for bankruptcy and would like to file another time, a Michigan attorney can advise you if you are eligible.
DebtStoppers Can Help You in Michigan
Filing for bankruptcy can be challenging. Fortunately, you don't have to go it alone. Call or text DebtStoppers today at 313-880-3970 for your free financial review with an accomplished Michigan lawyer.
Let us help you get your family's finances back on track! Call or text us at 313-880-3970 to get more information about filing for bankruptcy in Michigan.