Frego & Associtates

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Saginaw Michigan, Bankruptcy Attorney

One of the Best Bankruptcy Attorneys in Saginaw, MI

Office Location

3125 Davenport Ave
Saginaw, MI 48602

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

Highly Recommended

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Are You Drowning In Debt and Feeling Overwhelmed by Your Financial Situation?

It’s time to take control of your life.

Frego Law is the leading bankruptcy lawyer in Saginaw, Michigan, specializing in helping individuals and families navigate through the complex process of bankruptcy.

With years of experience and a deep understanding of the legal system, our team is here to provide you with the support and guidance you need during this difficult time.

Don’t wait another day to find relief from your financial woes. Contact Frego Law today and schedule your free consultation with our knowledgeable bankruptcy lawyer in Saginaw, Michigan. Take the first step towards a brighter future.

Are You Drowning In Debt and Feeling Overwhelmed by Your Financial Situation?​

What is Bankruptcy?

Bankruptcy is a legal process that offers a fresh start if you or your business are overwhelmed by debt.

It provides you an opportunity to reorganize or liquidate your assets, with the guidance of our experienced bankruptcy lawyer, to repay or discharge your debts.

Filing for bankruptcy can offer relief from creditor harassment, protect assets from seizure, and provide a path toward financial recovery.

Understanding the different options, bankruptcy process, and potential consequences is important when considering bankruptcy as a solution to manage overwhelming debt.

Why Might You Need to File for Bankruptcy?

Facing financial difficulties can be overwhelming and stressful. In some cases, you may find yourself in a position where you are unable to overcome your debt burden and are left with no choice but to consider bankruptcy.

There are several common reasons why you might need to file for bankruptcy. One of the most prevalent reasons is overwhelming debt. This can occur when you have accumulated large amounts of debt that you are unable to repay, such as:

The inability to pay bills can quickly spiral out of control and lead to financial instability.

Why Might You Need to File for Bankruptcy?

Types of Debt

Bankruptcy provides you and your business with a way to eliminate or restructure your debts and make a fresh start.

There are different types of debt that can be filed for bankruptcy, and each type has its own eligibility criteria and requirements.

Not all debts can be discharged through bankruptcy; some of the debts that cannot be eliminated through bankruptcy include:

Secured debts such as mortgages and car loans typically require continued payment to keep the property.

Consulting with our experienced bankruptcy attorney is necessary to determine which types of debt are eligible for discharge and to understand the implications of filing for bankruptcy.

Types of Debt

Unsecured Debt

Unsecured debt refers to debt that is not backed by any collateral, such as a house or a car. In a bankruptcy filing, unsecured debt can be included and potentially discharged, providing individuals with relief from their financial difficulties. [1]

Some common examples of unsecured debt include:

Other types of unsecured debt that may be dischargeable through bankruptcy include personal loans and student loans.

Personal loans are typically obtained without any collateral and can be used for various purposes. Student loans, although generally not dischargeable through bankruptcy, may qualify for discharge under certain circumstances, such as undue hardship.

When you’re facing overwhelming unsecured debt, consulting with our qualified bankruptcy attorneys can help you understand your options and navigate the bankruptcy process effectively. 

Secured Debt

Secured debt is a type of debt that is backed by collateral, which serves as security for the lender in case you default on the loan. This collateral could be in the form of assets such as a house, car, or property. [2]

Unlike unsecured debt, which does not require collateral, secured debt offers more protection to the lender, making it less risky for them to provide the loan.

In the event of default, the lender has the right to repossess or foreclose on the collateral and sell it to recover their money. Common examples of secured debt include:

Secured debt differs from unsecured debt in that it provides lenders with a higher level of security, reducing their risk.

Secured debt often comes with lower interest rates compared to unsecured debt, as lenders have a better chance of recouping their funds. Borrowers should be aware that defaulting on secured debt can result in the loss of the collateral.

Joint Debt

When individuals in Saginaw, Michigan, find themselves facing financial difficulties and considering bankruptcy, it is essential to understand the concept of joint debt and its implications.

Joint debt refers to debts that are shared by multiple individuals, such as spouses or co-signers. [3] In bankruptcy proceedings, joint debt can have a significant impact on both the responsibility for repayment and the discharge of the debt.

If you file for bankruptcy while still having joint debt with another person, the bankruptcy filing may protect you from legal action and creditor harassment, but it does not necessarily discharge the co-debtors liability.

The co-debtor would still be responsible for repaying the debt in full, even if your portion is discharged.

Joint debt can complicate the bankruptcy process, as the bankruptcy court will need to determine the extent to which the debt is your responsibility.

In some cases, joint debt may be eligible for discharge, depending on various factors, such as the type of bankruptcy being filed and the nature of the debt.

Priority Debts

In the bankruptcy process, not all debts are treated equally. Priority debts are a category of debts that are given priority over other types of debts, meaning they are not dischargeable and must be paid in full. [4]

Child support and alimony obligations are considered priority debts because they are essential for the well-being of dependents and are, therefore, given special treatment in bankruptcy proceedings.

These obligations cannot be easily discharged and must be fully paid when filing for bankruptcy.

Tax debts can also be considered priority debts. Certain types of tax debts, such as recent income tax obligations, are usually non-dischargeable in bankruptcy.

While some older tax debts may be discharged, it is important to consult with our experienced bankruptcy attorney at Frego Law to determine the specific implications of tax debts in bankruptcy.

Contact Our Experienced Bankruptcy Attorneys Today

At Frego Law, we understand how overwhelming and stressful the bankruptcy process can be. We provide compassionate and knowledgeable legal assistance to individuals in Saginaw, Michigan, who are considering filing for bankruptcy.

Our experienced Saginaw bankruptcy attorneys will help you understand your rights and options so that you can make informed decisions about your financial future.

We will guide you through every step of the bankruptcy process and help you explore all available alternatives. Contact us today to schedule a free consultation.

Contact Our Experienced Bankruptcy Attorneys Today​


[1] What Does Unsecured Debt Mean? (2021, February 24). Investopedia.

[2] Borrelli, L. (n.d.). What Is The Difference Between Secured And Unsecured Debt? | What Is the Difference Between Secured and Unsecured Debt? |

[3] Joint Debts & Who’s Liable. Free Debt Advice. StepChange. (n.d.). Joint Debts & Who’s Liable. Free Debt Advice. StepChange.

[4] Priority debt. (n.d.). LII / Legal Information Institute.

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

Office Location

3125 Davenport Ave
Saginaw, MI 48602

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

Highly Recommended

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