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Michigan Bankruptcy Attorney Personalized & Skilled Representation

Common Bankruptcy Myths

Bankruptcy Lawyer in Michigan

There are many myths surrounding bankruptcy that can deter a person from considering this tool as a remedy to their debt problems.

Some of the more common falsehoods include:

  • If you are married, you must file a joint petition - A person that is married has the option of filing their own petition or filing with their spouse.
  • You will lose all of your assets in Chapter 7 - Only non-exempt assets are liquidated in Chapter 7. A Michigan bankruptcy attorney can explain the laws that pertain to non-exempt property and determine which of your assets you will be allowed to keep.
  • You cannot have credit after bankruptcy - It may take time, but you will eventually be able to improve your credit score and regain your credit standing. You can start rebuilding your credit as soon as your bankruptcy case has been concluded.
  • Taxes can never be discharged in bankruptcy - Under certain circumstances, taxes more than 3 years old can be discharged in both a Chapter 7 and Chapter 13.
  • You must have a minimum amount of debt to file - There is no legal criterion for the amount of debt you must have in order to file for bankruptcy.

My firm, Hensel Law Office, PLLC has many years of experience providing financial help to clients burdened by debts in areas such as Madison Heights, Royal Oak, Sterling Heights, Clinton Township, and Warren. As a Michigan bankruptcy lawyer, I can answer all of your bankruptcy questions and make sure you have accurate information regarding the process and how it will affect your future.

Bankruptcy Protection

When I founded my firm, I wanted to provide my clients with the attention their situation deserved and superior customer service. Large firms will often have clients meet with different attorneys knowledgeable in a particular area of bankruptcy law. Your case may even be delegated to a paralegal. I service all of my clients directly and counsel them following their bankruptcy to make sure they are getting all of the benefits bankruptcy has to offer.

I also offer a free initial consultation, affordable rates, and payment plans, so do not hesitate to contact the firm today.

Client Testimonials

  • He is respectful and down to earth with his approach to very complicated legal matters.

    “Hensel Law Office has helped me during a very difficult time in my life. Tom has done a wonderful job with my Chapter 13 case. He always kept in touch with me and explained everything in terms I could understand. I would highly recommend Mr. Hensel to anyone who is facing any bankruptcy filing. He is respectful and down to earth with his approach to very complicated legal matters.”

    Sandra

  • Sincerest thanks for all of your help in affording me what I consider a real "fresh start."

    “I wanted to give you my sincerest thanks for all of your help in affording me what I consider a real "fresh start". My divorce was unfortunate but definitely a needed change for the better. However, the financial side of things still seemed to keep that past linked, which makes this an enormous weight lifted. I just can't believe the impact it's made on my outlook with...everything.I will be sure to keep your business cards handy to distribute along with highly favorable words of recommendation should the needs arise.Thank you again for your time and professional guidance.”

    Michelle

  • You made a difficult experience so much easier.

    “Back a few years ago, you helped me through a bankruptcy. I still tell people how you made a difficult experience so much easier, with your clarity, support, and friendly approach to the law. I'm still very appreciative for all your help – it really helped to pull me out of a difficult place and put my life back on track.”

    Eric

  • Professional, competent, empathetic attorney.

    “My husband and I were forced into a position to file for Chapter 7 bankruptcy. We were devastated and mortified that we had to choose that route, but Tom eased our stress about the filing and court hearing process, as he thoroughly explained what Chapter 7 entails, as well as exactly what to expect during and after the filing process; he was accurate on each point that he advised us on. Tom also kept in frequent contact with us and responded quickly to any questions or concerns that we had while we worked with him. Tom's expertise and tact was invaluable for us, and we will absolutely recommend him to any of our friends and relatives that may find themselves in similar positions to ours. Thank you, Tom, for your dedicated help during this process.”

    EJO

  • His knowledge and expertise made a very difficult time in our lives much easier.

    “From start to finish our experience with Mr. Hensel was great. He carefully and thoroughly explained the entire process to us and was always available for any questions or concerns we had. His knowledge and expertise made a very difficult time in our lives much easier. We are very thankful for his help in our situation.”

    Christine and John