Bankruptcy: A Positive Way To Get Relief From Certain Types Of Debt

Many Michigan residents find themselves dealing with a debt burden they cannot manage on their own. Whether it is due to an unexpected illness, job loss, marriage dissolution or other situation, certain types of debt can quickly accumulate, leaving you to deal with mounting balances, accumulating interest and calls from debt collectors.

For many consumers, filing for bankruptcy is a practical and effective way to deal with many types of debt. At Lucido & Manzella, P.C., in Clinton Township, you can learn more about the benefits of bankruptcy. You do not have to struggle under the weight of your debt any longer. We are here to help you get a fresh start.

Your Bankruptcy Options

There are two main types of consumer bankruptcy, Chapter 7 and Chapter 13. At your initial meeting, you will meet with an experienced bankruptcy attorney who will evaluate your financial situation, the types of debt you own and other factors to determine the most beneficial course of action for you. Your options include:

  • Chapter 7 bankruptcy: In this chapter of bankruptcy, most types of unsecured debt are eliminated. Chapter 7 is also known as liquidation bankruptcy; you may still be able to keep most of your important personal property such as your home, your car, your household belongings and your retirement accounts.
  • Chapter 13 bankruptcy: Through Chapter 13, you will make payments based on your bankruptcy plan. This takes longer to complete, but it is an option if you are not eligible for Chapter 7 or wish to protect specific assets such as a vacation home. If this is the best option for you, while we do not handle, we can refer you to a lawyer to assist.

Our decades of experience allow us to act as a knowledgeable ally and advocate throughout the entire bankruptcy process. From the initial filing to completing the steps necessary to get a discharge, we strive to help you avoid complications and emerge from bankruptcy into a better financial future.

The Information You Need — The Experience You Can Trust

Bankruptcy can be a beneficial step, but it is a serious decision with long-lasting implications. Reach out to us today to schedule a complete evaluation of your case and learn about your options. Call us at 586-842-0198 or email to make an appointment with a lawyer for a free, no-obligation case evaluation.

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