At Great Lakes Bankruptcy Center, PLLC we focus on positive outcomes and optamistic views of the future. Our clients come to us in financial distress, worried about their financial future, and are often concerned that they will lose their home (foreclosure) or car (repossession). During the course of our initial consultation, we are able to gather information about our clients’ financial difficulties and explain bankruptcy options. Our clients leave our office with a focus on the future, and experience relief knowing that the pressures associated with serious debt problems will soon come to an end.
One common bankruptcy options open to many individuals is Chapter 7 bankruptcy, which completely eliminates most debt. Other individuals may prefer the option of filing for Chapter 13 bankruptcy relief, which reorganizes debt. For more information about bankruptcy options, and to determine which type of debt relief you qualify for, contact Great Lakes Bankruptcy Center, PLLC.
Discharging Unsecured Debt
Chapter 7 is probably what most people think of when they hear the word bankruptcy. Many people understand that this type of filing results in a discharge of some debt, but may be unsure which debts can be discharged and which may not (must still be paid). Speaking with our bankruptcy lawyers is the best ways to answer this, and other bankruptcy related questions that you may have. Only an experienced bankruptcy attorney can help you determine whether Chapter 7 or Chapter 13 is right for you. Because a great deal of misinformation circulates regarding relief under both Chapter 7 and Chapter 13, some people are hesitant about filing for bankruptcy relief -- or even contacting a bankruptcy attorney. They worry that they will lose their house, their car or other important assets/property that they want to keep. The truth: Most people considering filing for bankruptcy are able to retain their assets/property through the bankruptcy process.
Putting a Stop to Creditor Harassment
Under Chapter 7, the discharge of unsecured debt does not mean that you have to lose the possessions that mean the most to you. Rather, filing for this kind of bankruptcy puts an immediate stop to foreclosure, wage garnishments, and the repossession of cars and other property purchased on credit. The most immediate effect of declaring bankruptcy is that you will no longer have the pressure of creditors bombarding you with collection letters and hounding you with phone calls.
Even if you do not qualify for Chapter 7 bankruptcy, our attorneys can inform you of other options of which you may be able to take advantage. Contact Great Lakes Bankruptcy Center, PLLC today for more information.
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