Frequently Asked Questions
Michigan Bankruptcy Lawyer
Are you considering filing for bankruptcy? Here are some frequently asked questions about the
Will I be able to obtain credit after bankruptcy?
Yes, you will be able to rebuild your credit over time. There are many steps that you can take to improve your credit score that a Michigan bankruptcy attorney can explain.
Can I file for bankruptcy more than once?
Yes, under certain circumstances. If you are filing a Chapter 7, you will have to wait 8 years before you can file again.Chapter 13 rules are different, allowing you to file for bankruptcy more frequently.
Will I have to file a joint return if I am married?
No, you have the option of filing as an individual or as a couple.
Will I still get calls from creditors after I file my petition?
Once your bankruptcy petition has been submitted, the court will issue an automatic stay which will stop all creditor collection activities, including phone calls, letters and emails.
Can I eliminate my tax debt through bankruptcy?
You may be able to discharge tax obligations more than 3 years old depending on the situation.
Will all of my assets get sold in a Chapter 7 bankruptcy?
Only non-exempt assets will be liquidated in a Chapter 7 bankruptcy. There are both state and federal guidelines that cover what type of property must get sold.
How will I know if I qualify for bankruptcy?
Your eligibility for Chapter 7 bankruptcy is determined by the means test. If you do not meet the criteria for Chapter 7, you will be able to file for bankruptcy under Chapter 13.
Bankruptcy Attorney in Michigan
If you are heavily in debt, I can review your financial situation and give you advice and direction on the best way to remedy your money problems. My firm, Hensel Law Office, PLLC, has provided effective legal counsel and advocacy to clients experiencing a financial crisis for over 12 years. I will work with you directly to map out a strategy that will help you get out of debt. My rates are affordable and I also offer payment plans to make it easier for you to get whatever assistance you need. I assist individuals and families in Madison Heights, Royal Oak, Sterling Heights, Clinton Township, Warren, Brighton, South Lyon and Howell.