Detroit, Michigan
Chapter 7 Lawyer
One of the Best Bankruptcy Attorneys in Detroit, MI
Detroit Service Area
Located Just to the West of Detroit in Dearborn Heights.
23843 Joy Rd
Dearborn Heights, MI 48127
Monday – Friday : 9:00 am – 5:00 pm
Saturdays : 9:30am – 11:30 by phone only
Ann Arbor offers in office appointments as late as 6:30 on Wednesday, but offers over phone late night appointments Mon-Thur
Highly Recommended
Get a Free Consultation
Are you drowning in debt and in need of a fresh start? A Chapter 7 bankruptcy may be the solution you've been looking for.
Frego Law is the leading Chapter 7 bankruptcy lawyer in Detroit. With years of experience and a track record of successful cases, We will guide you through the bankruptcy process and help you regain control of your financial future.
Picture a life free from the weight of overwhelming debt. With Frego Law by your side, you can achieve that. We will work tirelessly to protect your rights, eliminate your debts, and give you a fresh start.
Book a free consultation and take the first step towards financial freedom.
Chapter 7 Bankruptcy in Detroit
In Michigan, Chapter 7 bankruptcy is a common form of liquidation, this legal process allows you as an individual or your business to eliminate your debts through the liquidation of assets. [1]
If you are interested in filing for Chapter 7 bankruptcy in Detroit, at Frego Law our team of bankruptcy lawyers can ensure that your rights are protected throughout the process.
Eligibility Criteria for Chapter 7 Bankruptcy in Detroit
In order to qualify for Chapter 7 bankruptcy in Detroit, your income must be below the state median income in Michigan or pass the means test, which calculates disposable income. You must have minimal assets that can be liquidated to pay off debts.
Unsecured debts, such as credit card balances and medical bills, should significantly outweigh your income. Some debts, like child support, student loans, and recent taxes, are generally non-dischargeable, while others, like credit card debt and medical bills, are dischargeable.
To file for bankruptcy you must pass the eligibility test. This involves comparing your income to the state median and deducting allowable expenses. If you pass the test, you may file for Chapter 7 bankruptcy, which includes submitting a petition, completing credit counseling, and attending a meeting with creditors.
Gathering Necessary Documents for Filing in Detroit
When filing for Chapter 7 bankruptcy in Detroit, gather all necessary financial documents. This includes up-to-date income statements, tax returns, and bank statements. These documents will provide a comprehensive overview of your current financial situation and help the bankruptcy court make informed decisions regarding your case.
For income statements, you will need to gather pay stubs, W-2 forms, and any other documentation that outlines your monthly earnings. Tax returns from the past few years will also be required to show your income and any outstanding tax obligations.
Bank statements from all of your accounts, including checking, savings, and investment accounts, will need to be provided to demonstrate your current assets and financial transactions.
You must ensure that all documentation is accurate and reflects your current financial status. Any discrepancies or outdated information can undermine your bankruptcy case. By providing thorough and up-to-date financial documents, you can streamline the Chapter 7 bankruptcy process and increase the likelihood of a successful outcome.
Steps to Filing for Chapter 7 Bankruptcy in Detroit
Navigating the Chapter 7 bankruptcy process in Detroit can be intricate and daunting. At Frego Law, our dedicated team of bankruptcy attorneys is here to guide you through each step with expertise and compassion.
Here’s how Frego Law can assist you:
- Comprehensive Financial Assessment: We help you gather and organize all necessary financial documentation, ensuring nothing is overlooked in your bankruptcy filing.
- Court-Approved Counseling: Our team connects you with reputable credit counseling agencies, ensuring compliance with court requirements before filing for bankruptcy.
- Thorough Form Completion: Frego Law assists in completing intricate bankruptcy forms accurately, disclosing all relevant financial information with precision.
- Efficient Filing Process: We handle the filing of your bankruptcy forms with the Detroit bankruptcy court, ensuring proper submission and adherence to all procedural requirements.
- Expert Representation: Our attorneys represent you during the Meeting of Creditors, providing guidance and support as you answer questions under oath.
- Post-Filing Guidance: Frego Law helps you fulfill the post-filing financial management course requirements, ensuring compliance within the specified timeframe.
- Diligent Advocacy: Throughout the process, our attorneys advocate on your behalf, addressing any objections or challenges that may arise during the bankruptcy proceedings.
- Successful Discharge: With Frego Law by your side, we work diligently to achieve a successful discharge, relieving you of qualifying unsecured debts and helping you attain financial freedom.
Navigating Chapter 7 bankruptcy requires strategic planning and legal expertise. With Frego Law, you can trust that your case is in capable hands, and we are committed to helping you achieve a favorable outcome during this challenging time.
Contact Our Experienced Bankruptcy Attorneys Today
Navigating the Chapter 7 bankruptcy process can be overwhelming and confusing without the guidance of an experienced attorney. At Frego Law, our team of highly skilled bankruptcy attorneys is here to help you every step of the way.
We have years of experience representing clients in Chapter 7 bankruptcy cases in Detroit, and we understand the specific eligibility requirements and filing process. Contact us today for a free consultation.
FAQs
In 2023, the median household income in Michigan reached $66,772. [2]
Chapter 7 bankruptcy involves the potential sale of some assets to repay debts, leading to the discharge of most or all unsecured debts. [3]
If you file Chapter 7, this process typically lasts three to six months. [3]
Sources:
[1] Chapter 7 – Bankruptcy Basics. (n.d.). United States Courts. https://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-7-bankruptcy-basics
[2] M. (n.d.). MiCalhoun :: Demographics :: State :: Michigan :: Households/Income. Copyright (C) 2024 by MiCalhoun. https://www.micalhoun.org/demographicdata?id=25§ionId=936
[3] Bankruptcy. (2024). Michigan.gov. https://www.michigan.gov/reinventretirement/reinventing/crisis-management/bankruptcy
Received Accolades:
206-2010, 2012, 2014-2021
American Bankruptcy Institute
Certified as a Bankruptcy Specialist by ABC
National Association of Consumer Bankruptcy Attorneys
Better Business Bureau
Detroit Service Area
Located Just to the West of Detroit in Dearborn Heights.
23843 Joy Rd
Dearborn Heights, MI 48127
Monday – Friday : 9:00 am – 5:00 pm
Saturdays : 9:30am – 11:30 by phone only
Ann Arbor offers in office appointments as late as 6:30 on Wednesday, but offers over phone late night appointments Mon-Thur