Sterling Heights Bankruptcy Lawyer

Exploring Options for Debt Relief in Michigan

Sterling Heights is the second largest suburb in Metro Detroit, and the fourth largest city in Michigan. If your family hasn't been impacted by Detroit's economy, you probably know someone who has been affected by the automotive industry. The economic climate in recent years has been especially challenging, in addition to the everyday obstacles regarding our finances.

If you have personally suffered from an expensive divorce, an underwater mortgage, a medical emergency or unemployment, then you are not alone. Fortunately, filing for bankruptcy protection is one viable solution that many people in the same situation as you have pursued time and again. Even our own federal government lends its full support when it comes to filing for bankruptcy, so there is no reason to worry about whether or not it is socially acceptable.

At a time when so many families are struggling to pay their everyday expenses, bankruptcy has become the "go to" solution for millions of households, and for very good reason. While some people view bankruptcy as a failure, it's extremely important to understand that not one of your creditors would take it personally if you filed for bankruptcy, so why shouldn't you? For many debtors, the greatest financial mistake they could make is failing to file for bankruptcy in the first place when they would truly benefit from doing so.

One of the most common bankruptcy myths floating around is that bankruptcy ruins credit and that people are not able to get credit ever again afterward. This myth couldn't be further from the truth. In fact, we find that many of our clients are able to rebuild their credit much faster after a bankruptcy discharge than if they had chosen to slowly chip away at their principle and interest over a period of decades. What's more, by creating a sound budget and by following a few simple tips, restoring one's credit after bankruptcy is entirely realistic in as little as two or three years, if the debtor plays his or her cards right. With the help of a knowledgeable attorney, life after bankruptcy can be a lot smoother than you might think.

Bankruptcy Warning Signs

There is no doubt that having financial problems creates a significant amount of stress, as well as strain on one's personal relationships. If you can't afford to pay your monthly bills, you can only pay your minimum payment on your credit cards, or you have to rely on your credit cards to buy gas or groceries, you may have a problem. Whether you were laid off at work or went through a difficult divorce, it might be time to consider all of your debt relief options.

At our Hensel Law Office, PLLC, we are more than a bankruptcy law firm, and we are not going to push you into bankruptcy if another alternative is more suitable. We carefully review each of our client's cases until we determine the most viable solution, whether that solution involves debt consolidation or filing for a Chapter 7 or Chapter 13. In any case, providing you and your unique situation with the most affordable and cost-effective solution is our foremost priority, and we are more than happy to lend our years of experience in order to assist you in the decision making process.

If you do choose to file for bankruptcy, there are many benefits you can potentially benefit from. For example, Chapter 13 bankruptcy can provide a way to stop foreclosure of your home (providing you with foreclosure defense). Bankruptcy can also help you stop collection actions that are being carried out against you. There are also many other benefits, which we can review with you.

About Sterling Heights, Michigan

There is a population of 129,880 in Sterling Heights, Michigan, which is located in Macomb County. The city has a total of 49,155 households and a median household income of $57,272, according to census data. The average income per person—or per capita money income—is $26,544. About 77.5% of the city's residents are homeowners. According to the city's website, Sterling Heights is considered the Michigan's safest city with more than 100,000 residents. When not considering population category, it is considered the state's second safest city.

Highly Skilled Bankruptcy Attorney in Sterling Heights

It is extremely common for someone who is overwhelmed by debt to feel a sense of despair in the face of unrelenting and unforgiving creditors and collection agencies. There are many ways that you can overcome your debt problems and regain your financial stability. We will conduct a thorough review of your financial situation and develop a strategy that will enable you to come up with a workable solution.

Our attorney is a sole practitioner that works closely with every one of his clients, and when helping them to overcome their debt problems, they will never be passed off to a paralegal or secretary, which is a frequent occurrence with large firms. If you chose to file bankruptcy, we will help prepare all of the paperwork that is required and guide you through the entire bankruptcy process. Take control over your future by contacting Hensel Law Firm for a free consultation!

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