Michigan Bankruptcy and Foreclosure Attorneys
At the law offices of Marrs & Terry, PLLC, our goal is to help people who are overwhelmed by credit card debt and mortgage payment arrears get a fresh financial start.
If you need debt relief, filing for personal bankruptcy may be the answer that finally puts an end to creditor harassment, unexpected wage garnishment, repossession of your car, and home foreclosure.
The bankruptcy attorneys of Marrs & Terry have helped thousands of people like you put the stress of debt behind them and regain solid financial footing through the legal solution of bankruptcy.
Learn more about how a personal bankruptcy filing could help your situation. Contact us to schedule an appointment at one of our six law offices in Flint, Ann Arbor, Pontiac, Jackson, Rochester and St. Clair Shores.
Talk to a Bankruptcy Lawyer Before You ...
- Get involved in a debt consolidation scheme, some of which have been found to be fraudulent and financially abusive
- Raid your 401K or pension plan to pay debt — there will be significant tax implications if you use your pension
- Take out a second mortgage — this is often the first step toward the loss of a home
Options in Personal Bankruptcy
Depending upon your current financial situation and the type of debt that is creating a problem for you, you may qualify for bankruptcy under Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code.
- Chapter 7 bankruptcy allows you to wipe out most unsecured debt and gives you the option of retaining or surrendering items for which you still owe money (secured debt). Chapter 7 is usually the bankruptcy option available for people who have had a loss of income.
- Chapter 13 bankruptcy reorganizes your debts and reduces your payments. As you work through your payment plan over three to five years, you are rebuilding your credit score. Chapter 13 bankruptcy may allow us to strip a second mortgage off of your property if the market value of your property is less than the balance of your first mortgage.
Have you been told you don't qualify for bankruptcy? Talk with one of our experienced bankruptcy lawyers for a second opinion.
Take action to change your financial future. Contact Marrs & Terry online or call us toll-free at (866) 665-8095.
