Flint Chapter 7 Bankruptcy Lawyer
Contact Our Bankruptcy Law Firm in Flint, Michigan
Our staff here at Kostopoulos Bankruptcy Law is dedicated to helping our clients find the most effective solutions to any financial issue. Our team of experienced bankruptcy attorneys will quickly determine if Chapter 7 bankruptcy or Chapter 13 bankruptcy is the best solution to your problems, considering both eligibility and affordability of legal fees. Our attorneys have extensive experience representing clients in bankruptcy court. No matter what situation you’re in, we can provide counsel to help you take the best and quickest action you can.
What is the Chapter 7 Bankruptcy Process?
Chapter 7 bankruptcy is a form of relief for individuals and businesses that are facing financial difficulties and instances of insolvency. It is also sometimes referred to as straight bankruptcy or liquidation bankruptcy. This chapter generally allows debtors to discharge most debts, absolving them from any obligation to pay those items back. Depending on the debtor’s assets, creditors may be able to seize assets in order to receive some amount of payment for those debts, however this is not typical. To decide chapter 7 eligibility, individuals typically need to pass a means test which will give insight into their ability for repayment based on income, assets, and expenses. Understanding the bankruptcy filing procedure and associated costs can be an important step towards regaining financial control over one’s life and absolving debt without committing any further funds.
It is crucial to understand bankruptcy laws and the benefits of hiring an experienced attorney to navigate the complexities of the process.
At Kostopoulos Bankruptcy Law, you will never be treated as just a number. We always prioritize our clients’ worries, questions, and problems. Once we’ve fully understood your situation, we can figure out a plan that is customized to your needs. You may have the option to pay attorney fees upfront or finance them if you qualify.
Why Would I Need a Chapter 7 Bankruptcy Lawyer?
Bankruptcy can be a confusing and stressful process. Understanding the bankruptcy process, including the step-by-step procedures involved in filing for Chapter 7 bankruptcy, is crucial. This includes meeting with a bankruptcy attorney, completing necessary documentation, attending court hearings, and ultimately achieving a fresh start with one’s finances. There are two categories of debt-relief options: consumer and business. The most common consumer bankruptcies are Chapter 7 and Chapter 13.
Which Unsecured Debt Can Be Discharged in Michigan?
In a Chapter 7 bankruptcy, the majority of your debt will be discharged.
A debtor filing with our Chapter 7 bankruptcy lawyer Flint can discharge unsecured debt obligations like:
- Medical bills
- Personal loans
- Credit card debt
- Auto repossession
- Past-due utility bills
- Other unsecured debt
This is a list of debts that you cannot discharge under Chapter 7: child support, certain taxes, victim restitution, court-ordered fines, debts for most government-funded educational loans, debts for certain condominium or cooperative housing fees, debts for willful or malicious injuries, debts for personal injury related to DUI accidents, spousal support, alimony, or tax debts.
After filing for Chapter 7 bankruptcy in Flint, the debtor is no longer held individually responsible for their debt obligations. An automatic stay will go into place to protect someone who has declared bankruptcy. This means that creditors can no longer attempt to collect those unsecured debts in the future.
How Our Flint Chapter 7 Bankruptcy Attorneys Can Help
We know the process of filing for bankruptcy can be intimidating but know that we will do whatever we can to figure out the best course of action for you.
With Chapter 7 bankruptcy, we can help in the following ways:
- Stop creditor harassment and creditor calls
- Calls, letters, and all kinds of communication with creditors have to stop by law
- End wage garnishment
- Prevent home foreclosure
- Prevent repossessions
- Stop any pending litigation against you
- Provide a bankruptcy-specific credit report
We are known for fresh start legal services Flint because:
- The American Board of Certification certified our attorney Rita Kostopoulos as a Certified Consumer Bankruptcy Specialist, which is a recognized across the U.S.A.
- The Debt Education and Certification Foundation declared our firm as one of the top 100 firms in the country (DECAF).
- Using bankruptcy and other debt-relief choices, we have helped over 10,000 of our clients become debt-free.
- We have lifetimes of combined legal expertise to help find long-term debt-relief options rather than just short-term answers.
- We are fluent in many languages, including Arabic, English, French, Greek, Korean, Mandarin, Portuguese, and Spanish.
As a leading fresh start law firm, our number one goal is to help you. We are professionals and we don’t judge our clients for their situation. With the expert bankruptcy attorneys on our team, there is no case too difficult. We will always find a practical answer to solve your financial problems. It would be our pleasure to help you find the best solution to your financial issues so that you can regain financial freedom!
We offer a FREE bankruptcy consultation!
Debt can feel isolating, but you’re not alone. Each day, plenty of people like you come to our office for help from the staff at Kostopoulos Bankruptcy Law. We can’t control everything in our lives, even if those events might put us into debt. We strictly hire the best attorneys to offer you the highest quality advice for getting out of debt.
Let us help you fix your current financial problems and avoid future debt. We’ll help you get control of your credit again and get your finances back to normal. Get in touch today to learn more about how bankruptcy can improve your credit score as well as get rid of personal accountability for debts. Let our bankruptcy law firm help you figure out if bankruptcy is right for you.