Guiding Michigan Clients Through Chapter 7 Bankruptcy

There's nothing simple about declaring bankruptcy, and there are many different things to consider, including:

• What type of bankruptcy can I declare?
• What will I give up if I declare bankruptcy?
• What will this do to my credit?

The benefit of working with an experienced attorney when filing bankruptcy is that you are able to benefit from his or her experience and familiarity with the legal terrain. At J.R. Grace & Associates, we have 20 years of experience helping clients through bankruptcy.

File Chapter 7 bankruptcy for only $299.* We constantly review the court records to see what other bankruptcy attorneys charge. Typically our rates are $100-$600 less than certified and experienced attorneys. Contact us online or call us at 248-841-8773 or toll-free at 888-340-9796 to schedule an appointment with our bankruptcy lawyer, John R. Grace.

What You Need to Know About Chapter 7 Bankruptcy

Chapter 7 bankruptcy is a liquidation of unsecured debt. This is important to note, since Chapter 13 bankruptcy denotes a reorganization of debt.

Chapter 7 bankruptcy is the most common form of bankruptcy in the country. We have helped everyone from blue-collar workers to white-collar businessmen file for Chapter 7 protection. Remember that bankruptcy can happen to anyone, and is not indicative of personal failure.

Chapter 7 can liquidate many unsecured debts, such as:

• Credit card balances
• Medical expenses
• Repossessions
• Taxes that were assessed over three years ago

Chapter 7 cannot be used to discharge:

• Student loans
• Child support
• Taxes that were assessed within the last three years

Filing Chapter 7 can protect you from creditor harassment, bill collectors, foreclosures and potentially help you keep your vehicle and home — if you qualify for it.

Can I File for Chapter 7 Bankruptcy?

Filing for Chapter 7 is a nuanced procedure, and at J.R. Grace & Associates, we have helped hundreds of clients determine eligibility. In 2005, a new law was passed, establishing a "means test" to determine an individual's ability to file Chapter 7 bankruptcy — in many cases, making it more difficult.

We can help you navigate this complicated area of the law and work with you to develop a plan that fits your situation and goals.

Reach us on our Web site or call our Rochester office at 248-841-8773 or toll-free at 888-340-9796 for a FREE, initial phone consultation. We offer night and weekend hours by appointment.

BAPCPA disclosure: This is a federally designated debt relief agency. We help people file for bankruptcy under the Bankruptcy Code.

*The above plus reasonable attorney fees - call for more information.