Michigan Bankruptcy Attorneys Serving Hudson and Lenawee County
If you live in Hudson or elsewhere in Lenawee County and feel overwhelmed by debt, bankruptcy can provide a way to wipe your financial slate clean and start fresh. Whether you’re facing wage garnishments, creditor harassment, or the stress of unpaid bills, Chapter 7 or Chapter 13 bankruptcy could provide the relief you need. However, it’s crucial to talk to a lawyer before filing for bankruptcy and, if it’s the correct move, get help to guide you through the legal process.
At Marrs & Terry, PLLC, our Michigan bankruptcy lawyers understand how overwhelming this situation can feel, and our team can help. We’ll walk you through the options available, explain the differences between Chapter 7 and Chapter 13 bankruptcy cases, and determine your best way forward. If bankruptcy is the best solution for your situation, we’ll guide you step-by-step through the process, from filing the initial paperwork to representing your interests in court. Let us help you take control of your financial future and get the fresh start you deserve. Call us today at 734-663-0555 or complete our online contact form for a free consultation.
Is Bankruptcy the Best Option for You?
Bankruptcy can be a helpful solution, but it’s not always the best fit for every situation. A bankruptcy attorney can give you a clear picture of your financial situation and learn about the alternatives available to you.
For example, you might be able to negotiate with creditors to set up a payment plan or settle your debts for less than what you owe. Debt consolidation is another option that could help you simplify your payments and reduce interest rates. A lawyer can explain these options and help you decide if bankruptcy is the right path.
Our bankruptcy attorneys serving Hudson and Lenawee County can guide you through this decision-making process. If bankruptcy is your best option, we’ll make sure you understand the differences between Chapter 7 and Chapter 13 and help you file the right claim.
Bankruptcy Services We Offer
There are two primary types of personal bankruptcy procedures available in Michigan: Chapter 7 and Chapter 13. Knowing the differences between these two types of bankruptcy is essential for finding the right debt relief solution for your situation.
Chapter 7 Bankruptcy:
Filing for Chapter 7 bankruptcy can greatly help people overwhelmed with unsecured debts, like credit card bills or medical expenses, and who have limited income. To qualify, you must pass a means test that compares your income to the median income in Michigan. If your income is too high, you may not qualify for Chapter 7 and will have to find another way to address your debts. The Chapter 7 process involves liquidating some of your non-exempt assets to repay creditors, but many people can keep essentials like their home or car.
A Chapter 7 bankruptcy case typically takes about three to six months from start to finish. Once you file, an automatic stay goes into effect, stopping creditor harassment, wage garnishments, and lawsuits. A trustee will sell your non-exempt assets to pay back some of what you owe, and at the end of the process, the courts will discharge most of your remaining unsecured debts.
Chapter 13 Bankruptcy:
Chapter 13 bankruptcy is a good option for individuals who have a steady income but need help reorganizing their debt. Unlike Chapter 7, this process allows you to keep most of your assets and pay off your debts over time. To qualify, your secured and unsecured debts must fall within specific limits, and you must have enough disposable income to follow a repayment plan.
In a Chapter 13 case, you’ll work with the bankruptcy court to create a repayment plan that lasts three or five years. This plan is based on your income and expenses. Once the court approves your plan, you’ll make regular payments to a trustee who will distribute the money to your creditors. At the end of the repayment period, any remaining eligible debts may be discharged, giving you a fresh start without requiring you to sell your assets. However, missing even one payment could cause the courts to dismiss your case, forcing you to start over without the benefit of bankruptcy protection.
Which Debts Can You Discharge Through Bankruptcy?
You can discharge most unsecured debts by filing for bankruptcy, which means you will no longer have to repay those debts. Unsecured debts are those not tied to any specific property or collateral. Secured debts, such as mortgages or car loans, are harder to discharge since you put up collateral (your home, car, etc.) as part of the loan agreement. However, in some cases, bankruptcy may help reduce or reorganize secured debts.
Some unsecured debts that bankruptcy can discharge include:
- Credit card debt
- Medical bills
- Personal loans
- Utility bills
- Payday loans
- Certain types of past-due rent
It’s important to note that you cannot discharge some debts through bankruptcy, including child support, alimony, and many student loans. Our lawyers can review your finances to see which of your debts you can discharge through bankruptcy.
Why You Need a Michigan Bankruptcy Attorney
Filing for bankruptcy is a complex legal process that requires careful planning and attention to detail. A bankruptcy attorney can guide you through every step of your case, correctly file all the necessary paperwork, and represent your interests in court and meetings with your creditors. An attorney can also help you understand the differences between Chapter 7 and Chapter 13, explain which option is best for your situation, and protect as many of your assets as possible. By working with a lawyer, you’ll avoid common mistakes, keep your case running smoothly, and get the best possible outcome for your financial future.
Why Choose Marrs & Terry, PLLC, for your Michigan Bankruptcy Case
At Marrs & Terry, PLLC, we believe in providing personalized service for every client. We’ll learn about your unique financial situation and guide you through the bankruptcy process with care and attention. With over 20 years of experience, our team is well-equipped to determine whether Chapter 7 or Chapter 13 is right for you or if another situation may better fit your needs. We’ll work closely with you, explaining your options and protecting your interests every step of the way.
Contact a Bankruptcy Lawyer Serving Hudson and Lenawee County Now
Now is the time to talk to a lawyer about regaining control of your finances. Call Marrs & Terry, PLLC, today at 734-663-0555 or complete our contact form online for a free case review.
Directions to Our Office
You can find our office in Lenawee County at 247 S. Main Street, Adrian, MI 49221. Here’s how to reach our Adrian office:
From the North:
- Take M-52 South toward Adrian
- Continue on M-52 S/Main Street for about 5 miles
- The office will be on the right at 247 S Main Street
From the South:
- Head north on US-223 toward Adrian
- Turn left onto M-52 North/Main Street
- Continue on Main Street for about 1.5 miles
- The office will be on the left at 247 S Main Street
From the East:
- Take US-223 West toward Adrian
- Merge onto M-52 North/Main Street
- Continue for about 1.5 miles
- The office will be on the left at 247 S Main Street
From the West:
- Take US-223 East toward Adrian
- Merge onto M-52 North/Main Street
- Continue for about 1.5 miles
- The office will be on the left at 247 S Main Street