Bankruptcy Process in Michigan
Michigan Bankruptcy Lawyer
There are very specific steps in the bankruptcy process that must be followed before the court will approve your petition. You will be legally required to take the means test, which will determine if you qualify for Chapter 7, the liquidation of non-exempt assets to pay creditors. If the test shows that you have sufficient disposable income to pay back creditors, you will be required to file for bankruptcy under Chapter 13, the restructuring of creditor payment plans. Other steps in the process include:
- Taking a credit counseling class
- Completing and submitting your bankruptcy petition
- Attending your bankruptcy hearing
- Completing a financial management class
When you file for Chapter 7, a bankruptcy trustee will be assigned to your case. After your non-exempt assets have been sold, the trustee will distribute the proceeds to your creditors. In a Chapter 13 bankruptcy, you will meet with your creditors in bankruptcy court, where your repayment plan will be reviewed. Retaining the services of a Michigan bankruptcy attorney to assist you with the bankruptcy process is strongly recommended. Bankruptcy laws can be extremely complex and any mistakes or errors in your petition can delay your bankruptcy or even result in a petition denial. A bankruptcy lawyer will ensure you have completed the required steps of the process, and your paperwork is in compliance with state and federal laws.
Understanding Bankruptcy
The more you know about the bankruptcy process, the easier it will be to decide if you want to take advantage of this legal remedy. My firm, Hensel Law Office, PLLC, has represented individuals from all walks of life seeking bankruptcy protection, and can help you decide if bankruptcy the rights solution for your debt problems. This includes individuals in Madison Heights, Royal Oak, Sterling Heights, Clinton Township, Warren, Brighton, South Lyon and Howell. I am a sole practitioner that works closely with each of my clients, and will personally manage every aspect of your bankruptcy case. You will never be passed off to another attorney, paralegal or secretary. I strive to provide my clients with outstanding service, and will always be attentive to your needs.
Contact a Michigan bankruptcy attorney for committed representation if you are considering filing for bankruptcy.