Know the Path to a Debt Free Future
At the law firm of Martin Krall, I know the steps to take to help you go from being overwhelmed with debt to being debt free.
Michigan's Bankruptcy Process:
Step 1 — Preparation
I will work with you to gather all of the information necessary to put together a complete picture of your financial situation. This will include everything from bank statements to credit card bills.
My firm has a certified public accountant available to see that all financial issues are handled with the utmost accuracy.
Once all of the financial information has been reviewed, I will analyze it to determine which type of bankruptcy is most appropriate for you:
Step 2 — Filing Bankruptcy
This phase of the bankruptcy process is simple. After I analyze all of the necessary information, I will consult with you on our legal strategy and structure your case to take maximum advantage of the law protecting your property from creditors. I will complete the required documents and file your bankruptcy petition with the court.
Step 3 — The Hearing
The hearing phase of Michigan's bankruptcy process is also known as the first meeting of creditors. They will be given the opportunity to ask you questions about your financial situation. As your attorney, I will be there by your side throughout the entire process.
Step 4 — Let Bankruptcy Take Its Course
If you filed for Chapter 7 bankruptcy help, asset liquidation will take place and your debts will be eliminated.
If you filed Chapter 13, a payment plan will be put together. This payment plan will take from three to five years, after which your debts should be eliminated.
Free Consultation — Find Out How Bankruptcy Can Help You
If you are experiencing financial distress, you can't afford to pass up a free consultation with an experienced lawyer about Michigan's bankruptcy process. Contact me today. My firm serves people in and around Macomb County, Michigan, in areas including Roseville, Warren, Sterling Heights, St. Clair Shores, and Clinton, Harrison, Macomb and Shelby townships.