Bankruptcy Attorney in Dearborn

Fresh Start

Filing for Bankruptcy is intended to give people a Fresh Start, free from creditor harassment. Filing for Bankruptcy is intended to:

  • STOP Creditor Harassment
  • STOP Credit Card Debt
  • STOP Lawsuits
  • STOP Garnishments
  • STOP Foreclosures
  • STOP Vehicle Repossessions
  • STOP Utility Shutoffs
  • and more...

Two Types of Personal Bankruptcy

There are basically two types of Personal Bankruptcy: Chapter 7 and Chapter 13.

Chapter 7

Chapter 7 Bankruptcy is intended to eliminate unsecured debt without having to make payments to creditors. Most people receive their Discharge (Bankruptcy completion) 6 months from the time their bankruptcy is filed.

Chapter 13

Chapter 13 Bankruptcy is often filed to catch up on mortgage payments, property tax payments, vehicle payments, or eliminate a second mortgage or home equity line of credit. However, there are also other reasons Chapter 13 is filed rather than a Chapter 7 Bankruptcy.

Chapter 13 is a plan payment to creditors, typically as short as 3 years to as long as 5 years. Plan payments do not necessarily have to pay 100% back to unsecured creditors. Many plans pay a very low percentage to creditors and complete at the end of the plan period of 3 to 5 years.

Your Property: Home, Vehicle, Bank Accounts, Retirement, Life Insurance, etc.

Most people that file for bankruptcy, whether they file for Chapter 7 or Chapter 13, can keep all of their property, including their vehicle and home, if they so choose.

A Previous Bankruptcy Filing

Most people can still file for bankruptcy, even if they have filed for bankruptcy in the past.

Debt Relief Agency - Call us for a FREE initial consultation

A & A Bankruptcy is a Debt Relief Agency and helps people file for bankruptcy under the U.S. Bankruptcy Code. Call us for a free initial consultation at (313) 274-1234. You may also send us an email using the contact form provided on this website.