Flint
Chapter 11 Bankruptcy Lawyer
One of the Best Bankruptcy Attorneys in Flint, MI
What is a Flint Chapter 11 Bankruptcy?
Filing for bankruptcy gives you a fresh start to those who are struggling to keep up with house payments, credit card debt, or maybe facing foreclosure or repossession.
When it comes to your finances, sometimes things just become too much to handle. You may be dealing with large amounts of debt, and no matter how hard you try, you just can’t seem to make any progress.
When this happens, filing for bankruptcy can give you a fresh start.
Bankruptcy can help you get rid of your debt, and it can also help you to start over with a clean slate. This can be a great opportunity for you to get your finances back on track, and to rebuild your credit score.
Bankruptcy can be a difficult decision to make, but it can be a very beneficial option in the long run. If you are considering filing for bankruptcy, it is important to speak with an experienced attorney who can help you understand your options and guide you through the process.
How do I Qualify for Chapter 11?
To qualify for Chapter 7 Bankruptcy, you must have:
(1) a moderate to low income,
(2) significant amount of debt and
(3) no substantial property.
What is a Flint Bankruptcy Lawyer?
A Saginaw Bankruptcy Lawyer, is someone who is educated in and provides services related to bankruptcy law as defined by the United States Bankrutpcy Code.
How Long Dose it Take to Recover Credit?
You can recover good credit in about two years.
There are a few things you can do to speed up the process of recovering good credit. First, make a plan and stick to it. Secondly, get help from a credit counseling or credit optimization service.
Finally, keep your credit utilization low and make all of your payments on time.
If you can follow these three tips, you can recover good credit in about two years. Just be patient and vigilant in your credit management, and you will see positive results
(1) Moderate to Low Income
To qualify for Chapter 7 bankruptcy, your household income must fall below a certain threshold as set by the Bankruptcy Code. This determination is made based on factors such as your cost of living and deductions from your paycheck.
In order to determine if you are qualified, please call Frego & Associates at or fill out the form for a free no-obligation consultation.
Michigan Bankruptcy Exemptions
When it comes to bankruptcy exemptions, Michigan is a bit of a mixed bag. Generally, the state offers generous exemptions for bankruptcy filers. However, there are a couple of notable exceptions.
The Michigan bankruptcy exemptions are as follows:
Homestead exemption: $20,000. This exemption can be used to protect your home, your equity in your home, or your interest in a cooperative housing association.
Motor vehicle exemption: $3,000. This exemption can be used to protect one motor vehicle.
Personal property exemption: $1,000. This exemption can be used to protect your personal property, such as clothing, furniture, and appliances.
Wildcard exemption: $1,000. This exemption can be used to protect any type of property.
The Michigan bankruptcy exemptions are generally very generous, offering filers a significant amount of protection for their property. However, there are two notable exceptions.
The first exception is the homestead exemption. The homestead exemption in Michigan is only $20,000, which is significantly lower than the exemption amounts offered in many other states. This may make it more difficult for filers to protect their home in bankruptcy.
The second exception is the motor vehicle exemption. The motor vehicle exemption in Michigan is only $3,000, which is also significantly lower than the exemption amounts offered in many other states. This may make it more difficult for filers to protect their vehicle in bankruptcy.
How Much Does it Cost to Hire a Saginaw Chapter 7 Attorney?
Need filing costs (Goes towards Google YMYL)
Why Choose Frego & Associates for Your Saginaw Chapter 7 Bankruptcy?
Frego & Associates specialize in only one area of law. Which is Michigan Bankruptcy Law.
- FREE Consultations
- FREE Bankruptcy Analysis
- FREE Credit Repair Specialist
- FREE Judgement Removal
Office Location
1324 W Bristol Rd
Flint, MI 48507
Monday – Friday : 9:00 am – 5:00 pm
Saturdays : 9:30am – 11:30 by phone only
Appointments as late as 6:30 Mon-Thur by phone only
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