Law Offices of Marshall D. Schultz
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Is Bankruptcy Right for Me?
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Chapter 7 vs. Chapter 13
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Alternatives to Bankruptcy
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Qualified Detroit Bankruptcy Attorney

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When you are ready to take positive action toward getting out of debt, come to the Law Offices of Marshall D. Schultz. At our firm, we want to help you determine the best course of action to take to bring relief and decide if bankruptcy is right for you. Let us show you how an attorney from our legal team can help you find answers to your problems and give you the support you need.

Why come to our firm for debt relief and bankruptcy help?

  • We offer a FREE initial consultation
  • We have assisted more than 10,000 consumers with their debt
  • We have over 33 years of combined bankruptcy law experience
  • We have been highly successful in serving individuals and families throughout Detroit

Our legal team has a positive rating from Avvo®, and our lawyers are members of the State Bar of Michigan. Both attorneys at our firm are also members of the U.S District Court and are highly experienced in all aspects of bankruptcy. We have convenient office locations in both Southfield and Detroit.

Working to Create a Plan that Fits Your Needs

We provide an informal and welcoming atmosphere, as our legal team wants to make you comfortable as possible during this stressful and difficult process. We understand the pain and we offer first class legal representation for an affordable fee, and we pride ourselves on guiding our clients through a difficult period in their lives. People declare bankruptcy for many reasons, from job loss to mounting medical bills, overwhelming credit card debt or an upside down mortgage.

Every situation is different and requires a unique approach. There is no such thing as a "one size fits all" bankruptcy process. If you are struggling to keep up with your debts and find yourself spending your days and nights worrying about money, this may be the best solution for you. You may have heard horror stories about filing for bankruptcy, when in fact there are many benefits to filing for bankruptcy. You should not let bankruptcy myths like these prevent you from making a decision that could improve your quality of life.

Understanding the Bankruptcy Process

It is not advisable to attempt filing for bankruptcy without the assistance of a practiced attorney. Simple mistakes and inexperience with the relevant laws could lead you to make a wrong decision or even make you ineligible. Having a knowledgeable and experienced litigator on your side to help you navigate through the process is essential. An attorney can also help you take full advantage of bankruptcy exemptions to protect your property. By taking a helping hand from our firm and going through the bankruptcy process, you will be helping yourself take the first step towards a life free of debt, stress and worry.

Chapter 7 vs. Chapter 13

To qualify for Chapter 7, the most sweeping form of debt relief available, you must pass a means test. Failure to correctly calculate your financial assets and liabilities could prevent you from proceeding further. When this happens, it does not mean that bankruptcy is no longer an option, it simply means that Chapter 13 is more of a valid option for you. It brings advantages such being able to catch up on overdue mortgage payments within a five year period. While it may not cover as much as debt as Chapter 7, it is extremely helpful in bringing financial relief in various other aspects. The amount of debt discharge differs for each type of bankruptcy, but student loans, mortgages and any car loans will typically not be cleared from your debt.

Alternatives to Bankruptcy

We can also advise you on other financial remedies if they are in your best interest. If you are being harassed by creditors, we can take collections defense actions by invoking your rights under the Fair Debt Collection Practices Act. This law was enacted to protect those who were being unjustly threatened by their creditors. While they do have a legal right to receiving their payments, they cannot use deceptive tactics, insult you, threaten arrest or call you incessantly. In these situations, the best thing you can do is contact legal help to defend you from these types of scary situations.

If you are in danger of losing your home because of financial struggles, we can help you. We assist clients with foreclosure defense strategies such as short sale situations. In addition, we can seek a loan modification that would allow you to keep your house and your family safe. There are few things more important than having a roof over your head and shelter. Sometimes it is better to get rid of your home so that you can experience relief from your mortgage, but you do not want to go through a foreclosure. A deed in lieu can allow for this by allowing the bank to take the deed to your house.

If your debts are getting out of control and bankruptcy is not your best option, we can represent you with your creditors to achieve a debt settlement or debt consolidation. We will stand by your side and help you face these companies and people. Whether you choose bankruptcy or a form of debt negotiation, we urge you to take action now rather than live another day with the worries of owing large amounts of money.

When you work with our firm, we take a sincere interest in your well-being and measure our success with yours. We can help you find your way through the legal process and get you back on your feet. If you are unsure of how to restore your credit after filing, our legal team can walk you through the best way to get back to a place of financial stability. If you are still unsure if bankruptcy is right for you, talk to our lawyers to explore other alternatives.

There are Options for Your Financial Situation

With over 25 years of experience in the field of bankruptcy law, the attorneys at the Law Offices of Marshall D. Schultz are prepared to assist you with your debt situation. Having represented business debtors, Chapter 7 trustees, creditors and corporate creditors, Attorney Schultz has extensive knowledge with financial issues related to bankruptcy. Currently his practice is specialized in helping consumer debtors only. It is the goal of the firm to offer efficient and cost effective solutions for individuals throughout the Michigan area.

It is not necessary for you and your family to continue living in debt when there are viable options out there. We are available to answer any questions you may have. Do not hesitate to contact our office in Detroit or Southfield for a free consultation so that we can get you back on your feet as soon as possible.

211 West Fort St, Suite 511, Detroit, MI 48226
Law Offices of Marshall D. Schultz - Detroit Bankruptcy Lawyer
Located at 211 West Fort Street, Suite 1616 Detroit, MI 48226. View Map
Phone: (888) 822-6730