Debt Relief Through Chapter 7 Bankruptcy

The first question most people ask when they are considering filing for bankruptcy is “What can bankruptcy do for my financial situation?” The answer to that question depends upon the type of debt you have, your income and the type of bankruptcy filing you can make.

At the law firm of Marrs & Terry, PLLC, our bankruptcy attorneys will review your finances and advise you if you qualify for Chapter 7 or Chapter 13 bankruptcy. Chapter 7 has specific eligibility requirements. Contact our law office to schedule a free consultation. We have six Michigan offices for your convenience: Ann Arbor, Jackson, Lansing, Kalamazoo, Grand Rapids, and Midland.

How Can Chapter 7 Bankruptcy Help You?

Many people who qualify for Chapter 7 bankruptcy have had loss of income. Chapter 7 is a good option for people who have a great deal of unsecured debt, such as medical bills, credit cards, and personal loans. Under Chapter 7 bankruptcy, most unsecured debt is “discharged,” meaning it is forgiven.

If you have missed some mortgage payments but your house has not gone to foreclosure sale yet, our bankruptcy lawyers may be able to help you avoid or delay foreclosure. We bring more than 24 years of experience to every case, and we offer in person or remote appointments.

Some Debts Cannot Be Discharged Under Chapter 7

If you have secured debt such as a car loan, a boat loan or a home mortgage, this debt will not be discharged. If you wish to keep the car, boat, or home, you can reaffirm the loan and continue to pay according to the original terms of the loan agreement. Click here to learn more about how secured debt is handled under Chapter 7.

In Chapter 7, you cannot discharge:

  • Student loan debt
  • Tax debt
  • Court-ordered alimony or child support

Have you been told you don’t qualify for Chapter 7? Talk with one of our Michigan bankruptcy lawyers. We have been able to help thousands of people in your situation achieve bankruptcy under Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code.

Contact Us Today. We Are Here To Help You Find Relief.

Take action to change your financial future. Contact Marrs & Terry online or call us toll-free at 734-663-0555.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.