Frequently Asked Questions

How Often Can I File Chapter 7 Bankruptcy?

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Debt can cause a lot of damage to your health and personal life (which includes family problems), not just to your credit score. It can literally drive you crazy. Get help with credit card debt, debt collectors, wage garnishments and find peace of mind. We are Detroit bankruptcy law firm that offer affordable bankruptcy filing services in Detroit and surrounding cities. We’re here for you when you want to become debt free. Whether you’re filing for bankruptcy today or in the future, we’re here for you.

Why Settle Your Credit Card Debt When Bankruptcy Can Wipe It Out For You?

If you’re knee deep in debt, cannot pay your bills and wish to avoid collection calls, creditor harassment, collection lawsuits, garnishment and other collection activities, you may consider bankruptcy.

Some people may suggest debt settlement to you (also known as debt negotiation). With debt settlement, you negotiate and reduce the outstanding debt by 40-60% of the amount you owe. The creditor forgives the remaining debt, thereby helping you to get out of debt faster. If you end up settling for less than the original amount of the debt, there will almost always be a negative reflection on your credit score. Accounts that are delinquent stay on your credit reports for seven years, as do accounts charged off by lenders. So the million dollar question is “what credit card company is going to give you an unsecured credit card when your credit report is showing that you settled for less? You know the answer! Probably none!

Bankruptcy can resolve your debt under protection from a federal court, and it will erase most debts in three to six months. If you’re delinquent on debt, it will stop calls from collectors and lawsuits against you. Your credit will take a hit, as with debt settlement, but research shows credit scores tend to rebound within a year. Basically, you start fresh.

If you need more information, call us at 248-281-6299.

Bankruptcy Lawyers Services

Chapter 7

Chapter 7 bankruptcy is usually the preferable chapter of bankruptcy for individuals because debtors are able to discharge / cancel most of their debts, meaning those debts such as unsecured credit card debt, medical bills, and personal loans do not have to be paid back.

Chapter 13

Chapter 13 allows you to create a plan that repays all, or a significant portion of your debts in a 3-5 year time span, and will retain your assets. At the end, the remainder of some debts may be forgiven. If you are facing foreclosure or you produce lot of income, then Chapter 13 can help you.

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Stop Creditor Harassment In Detroit

If you’re constantly receiving phone calls from your creditors : As soon as you file a petition for bankruptcy, the bankruptcy court in Detroit will impose what's known as an automatic stay. While the stay is in effect, all collection activities against you must immediately cease, and all creditors must stop contacting you.

Protecting Bank Accounts and Property During the Bankruptcy

If you file for bankruptcy: Our Detroit bankruptcy lawyers can assist you if your account or property, such as your car, has already been seized by your creditors.

Stop Wage Garnishment

Almost all forms of wage garnishment are stopped by filing bankruptcy. Even if you have multiple creditors enforcing wage garnishment on your paychecks, they can usually be stopped by filing for Chapter 7 Bankruptcy or Chapter 13 Bankruptcy and then erased if you receive a discharge.

Recover Your Lost Wages

If you are filing for bankruptcy in Detroit, and your creditors garnisheed you within 90 days of the beginning of your wage garnishment, you may even be able to recover some of your lost wages.

What Our Clients Say

“I had nothing short of a professional and positive experience with this law firm. Steve was great and explained in full detail of what I was to expect. I have already recommended his services to a friend of mine.”

- Darin

“Love this place they are efficient and aggressive which is a A+ in my Book thanks nancy and staff!!!!”

- Jenifer

“When we filed our case with Advanta law, Moe and Tiffany was very helpful and everything went smoothly. We would like the fact that if we called or sent a email they responded ASAP. We would definitely recommend their services!”