Are you overwhelmed with your debts? Have you considered filing for bankruptcy? Our lawyers can help you determine if bankruptcy is the best choice for you and your family. Are you tired of creditors calling and harassing you, even threatening you with foreclosure, wage garnishment, or liens and levies? Then it is time for you to take action. Our Flint bankruptcy attorneys are here to help you get a fresh start and obtain financial freedom. Debt reduction is not always an easy path, but we are here to help you through the entire process.
We understand that there are a variety of different factors that can lead to bankruptcy, including:
Our legal team at Christenson & Fiederlein, PC understands that filing for bankruptcy can seem like a complex and confusing task. That is why we strive to provide exceptional customer service for all of our clients. We will ensure that your bankruptcy claim is properly filed and that your interests are being taken care of.
Sometimes known as “liquidation,” "straight bankruptcy," or “complete bankruptcy,” Chapter 7 is the most commonly filed type of bankruptcy. A Chapter 7 Bankruptcy gives you the opportunity to make a fresh start with your finances. Under Chapter 7, your nonexempt assets are collected by a trustee who then reduces them to cash and distributes the funds to your creditors. Many debtors who choose to file Chapter 7 receive a discharge that releases them from personal liability for certain dischargeable debts.
Chapter 13 bankruptcy is usually filed by people who have a regular source of income, want to pay off their debts, but are currently unable to do so. Under Chapter 13 bankruptcy, you are usually allowed to keep your valuable assets. This makes Chapter 13 more preferable for some people than Chapter 7 bankruptcy.
If you want to file for Chapter 13, you will need to propose a repayment plan to the Court that shows how your creditors will be repaid over time. If the Court approves your plan, you will make payments to the creditors through a trustee.
At Christenson & Fiederlein, PC, we pride ourselves on our ability to provide our clients with support throughout every step of the bankruptcy process. We can help you get rid of pesky creditors and debt collectors so that you can get started rebuilding your credit. You can rely on us to help guide you towards the best decision for you and your family. Let us help with your bankruptcy case today.
Please give us a call today at (810) 292-3115 if you would like to schedule a free initial consultation with one of our knowledgeable Flint bankruptcy attorneys.