24300 Southfield Road, Suite 210,
Southfield, Michigan 48075
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.
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.
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 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.
Call and speak with a friendly and experienced Detroit bankruptcy attorney for a free, no-hassle, no-pressure and obligation
Our Detroit Bankruptcy attorneys in Michigan will discuss your situation either by phone or in person if you wish to see if bankruptcy is good for you
Our Bankruptcy staff will email you Easy & Simple Form to start the process.
“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.”
“Love this place they are efficient and aggressive which is a A+ in my Book thanks nancy and staff!!!!”
“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!”
– Mary & Jim