If you are in facing financial difficulties and overwhelming debt, contact a bankruptcy attorney. If you are reluctant to consult with a lawyer about filing for bankruptcy (including Chapter 7 and Chapter 13), you are not alone. You might be relieved to learn that the nature of the economy is often the predominant factor in debt, credit, and financial difficulties rather than the way an individual manages his or her debts. Get back on track by contacting Michigan Bankruptcy Attorney Justin Grove of The Dailey Law Firm, P.C.
Some of the most famous people in our country have filed for bankruptcy. Read the stories!
A Fresh Start
One of the main goals of the federal bankruptcy laws enacted by Congress is to give debtors a financial “fresh start” from burdensome debts. The Supreme Court made this point about the purpose of the bankruptcy law in a 1934 decision.
“ [I]t gives to the honest but unfortunate debtor…a new opportunity in life and a clear field for future effort, unhampered by the pressure and discouragement of preexisting debt.”
What kind of Bankruptcy do I need?
- Chapter 7
Chapter 7 is individual liquidation. Chapter 7 takes away assets and debts so that an individual may “start over.”
Learn more about Chapter 7 Bankruptcy
- Chapter 13
Chapter 13 is Individual Reorganization. This is an attempt to reorganize debt. The individual who files for Chapter 13 is put on a payment plan to reduce debt.
Learn more about Chapter 13 Bankruptcy
Free Bankruptcy Consultation
At the Dailey Law Firm, your initial consultation is free of charge. In many cases, a lawsuit must be filed before an applicable expiration date, known as the period of redemption. Please call right away to ensure that you do not waive your rights or to obtain compensation.