Blog Posts in August, 2013

  • What to Expect When Filing for Chapter 7 Bankruptcy

    || 21-Aug-2013

    Are you drowning in debt? If so, you may significantly benefit from Chapter 7 bankruptcy. Unlike Chapter 13 bankruptcy, which could take anywhere from 3 to 5 years, this process would allow you to get out from underneath your debt in a matter of months. Since you would be required to liquidate certain non-exempt assets and use the proceeds to repay your creditors, you could expect to find relief ...
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  • Five of the Most Common Myths about Bankruptcy

    || 9-Aug-2013

    If you have considered filing for bankruptcy, you may have found it difficult to separate the facts from the widely popularized misconceptions. For this reason, the Michigan bankruptcy lawyer at Hensel Law Office, PLLC encourages you to seek out the truth about this valuable debt relief process. While the most effective way to do so would be to discuss your case with the knowledgeable legal team ...
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  • How Does an Emergency Bankruptcy Filing Work?

    || 8-Aug-2013

    While bankruptcy is most often used as a tool to eliminate debt, either quickly or gradually, it can also be utilized for its secondary advantages. For example, someone who is facing the loss of their home might take steps to initiate the bankruptcy process in an effort to delay foreclosure, or stop it all together. Since the court will grant an automatic stay as soon as the debtor's petition ...
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