Financial Law Group
Oakland County Bankruptcy Attorney
Bankruptcy can happen to anyone. At the Financial Law Group, our Oakland County bankruptcy attorney understands how difficult the decision to file bankruptcy can be. We know that people get in a financial crisis due to a lost job, unforeseen major medical expenses, or a divorce. Many people have overextended their credit or built up large credit card debt. In each case bankruptcy may be their best option.
Financial Law Group represents clients with chapter 7, chapter 13, and chapter 11 claims. There are hundreds of factors to be considered when deciding if bankruptcy is right for you. Contact our experienced Oakland County bankruptcy attorney, to schedule an appointment to discuss any concerns.
Royal Oak Chapter 7, Chapter 13, & Chapter 11
Consumers and businesses come up against unexpected financial realities that can become overwhelming. A bad business climate can cost millions of dollars in lost assets and profits. A combination of medical bills, wage garnishment, a mortgage payment, and a car payment can lead to repossession, foreclosure, and the loss of all personal assets. Our Oakland County bankruptcy attorney can help clients keep their homes and vehicles. Businesses may be able to continue operating by filing chapter 11 bankruptcies, instead of chapter 7, which is business liquidation or consumer liquidation.
There are two options clients declaring personal bankruptcy can take. One is chapter 7 or personal liquidation, two, is chapter 13, or consumer reorganization. Most clients qualify for chapter 7. It allows clients to wipe out all dischargeable debt and gives them a fresh start. Dischargeable debt includes what is owed to unsecured creditors, such as, credit card debts and car loans. In chapter 13, clients may be approved for a payment plan with lower interest and lower payments. Any other debt left at the end of the payment period is often discharged. To find out what you may be eligible for under chapter 13, contact our exceptional Oakland County bankruptcy attorney.
Southfield Bankruptcy Lawyer
At Financial Law Group we sit down with clients and thoroughly look at their financial issues and find the best solution available. Court filing of bankruptcy petitions can stop credit actions. We will file a bankruptcy petition immediately for our clients. Contact a Southfield bankruptcy lawyer at Financial Law Group for tenacity and compassion in resolving your financial dilemmas.