The Bankruptcy Process
bankruptcy process may seem formidable if you are attempting to file on your own.
However, filing your petition may end up being a simpler, faster process
if you have the help of an experienced bankruptcy lawyer. At the Law Offices
of Marshall D. Schultz, we have helped over 10,000 individuals file for
We know how frightening it can be to possess overwhelming debt, and so
we provide compassionate, affordable representation this is designed to
bring about positive outcomes to our clients' cases. If you are experiencing
financial trouble, you do not have to resolve the situation on your own.
We will guide you through the bankruptcy process in an effort to help
you reclaim financial stability and freedom from debt.
Steps Involved in Filing for Bankruptcy
The bankruptcy process involves a number of separate steps. Some of these
steps will differ depending on whether you file for
Chapter 7 or
Chapter 13. They include:
- Consulting with a bankruptcy attorney - We can examine your current financial
situation in order to determine which bankruptcy chapter will best serve you.
- Filing your petition - Once we file your petition, your creditors will
be notified and prevented from taking further collection action against you.
- Meeting with your creditors - After your filing, you will meet with your
creditors and the bankruptcy trustee. The trustee will interview you regarding
your petition and field any questions that your creditors may have.
- Filing of objections - If you have filed for Chapter 7, your creditors
can file an objection against the discharge of your debts. If this occurs,
you will take part in an adversary hearing.
- Chapter 7 debt discharge - Once creditor objections have been addressed,
your debt is discharged. This typically takes a number of months.
- Chapter 13 debt discharge - Your monthly payments to your creditors will
be distributed by the bankruptcy trustee. Once your payment plan is complete,
a court will discharge the remainder of your enrolled debt, if there is any.
Need help through the Bankruptcy Process?
Without the help of an attorney, your bankruptcy may not only take an extended
period of time, but end unsuccessfully as well. Countless individuals
who have attempted to file on their own have been denied, or have made
errors that worsened their financial condition. Let our firm provide you
with legal assistance that can help to improve the likelihood of a successful
resolution to your debt issues.
We offer legal help for residents of both Detroit and Southfield, Michigan.
Contact our legal team for a free consultatin now!