A Family-Owned, Family-Focused Bankruptcy Firm

Month: September 2021

The positive side of filing for bankruptcy

Most people see a stigma attached to filing for bankruptcy. But this process has far more benefits than disadvantages to people who want to get out of debt and improve their financial decisions. The following are the best-known results of filing for bankruptcy in...

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The benefits of Chapter 13 bankruptcy

Sometimes, situations cause enormous debt, and a debtor can no longer pay them. Bankruptcy provides relief by erasing certain debts through Chapter 7 or Chapter 13. While debtors in Livonia, Michigan commonly choose Chapter 7, Chapter 13 offers several benefits....

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The automatic stay in bankruptcy

Sometimes, consumers in Michigan have no choice but to file bankruptcy to help ease their debt load. Many filers opt for Chapter 7, which removes debt by selling assets, or they choose Chapter 13, which establishes a debt repayment plan. While bankruptcy is often...

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