Chapter 7

Detroit Chapter 7 Attorney

What is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy can help to eliminate most if not all of your debts and get you on the road towards recovery. When filing, you are creating a clean slate that can put an end to the stress, harassing creditor phone calls and additional debts. Once the debt is gone, it is cleared away for good, allowing you the peace of mind that you deserve.

Pursuing bankruptcy can sound like a scary proposition, but it can be an extremely beneficial action that changes your financial future for the best. Do not believe the misconception that by filing bankruptcy you are admitting defeat.


Is filing for chapter 7 right for you? Contact our chapter 7 bankruptcy lawyers at (888) 822-6730 or online for a free case evaluation.


Am I Eligible to File for Chapter 7?

Before filing as an individual, corporation or partnership for chapter 7 bankruptcy, you must take a means test. By comparing your wages against your debts, the means test reveals if there is enough disposable income to make payments towards the debts you owe.

If you do have the means to repay, you will not be eligible for chapter 7. In this case, Chapter 13 bankruptcy can be an alternative. However, should you not have available funds to pay off your debts, you may file for chapter 7 bankruptcy.

Additionally, if you have had a petition for bankruptcy dismissed within the past 180 days, you must wait until those 180 days are over before you can attempt to file again. Credit counseling must be done through an approved agency before filing Chapter 7 bankruptcy and it must have been completed within the past 180 days.

Understanding the Chapter 7 Bankruptcy Process

Filing for Chapter 7 bankruptcy can be a complex and overwhelming process, but our experienced Detroit bankruptcy attorneys are here to guide you every step of the way. We understand the stress and uncertainty that comes with financial difficulties, and we are committed to helping you achieve a fresh start.

When you choose the Law Offices of Marshall D. Schultz, you can expect:

  • Expert legal counsel and personalized attention throughout the entire process
  • Thorough explanation of the Chapter 7 bankruptcy process and what to expect
  • Assistance in determining your eligibility to file for Chapter 7 bankruptcy
  • Guidance on what property you can keep when filing for Chapter 7 bankruptcy in Detroit
  • Support in preparing and filing all necessary paperwork and documentation
  • Compassionate and non-judgmental support from our dedicated legal team

Don't face Chapter 7 bankruptcy alone. Schedule a free consultation with our Detroit bankruptcy attorneys today and take the first step towards your fresh start.

What Our Past Clients Think

  • Thanks for helping us get a fresh start.

    “What a great feeling to do things right this time. You gave us good solid no-nonsense advice. Thanks again!”

  • You are the best!

    “Thanks for all your help and support in my "plight." I don't know how I would have gone through all this without your help and reassurance.”

  • Thanks, for your advice and personal attention. I really appreciate it beyond words.

    “I had to let my house go and it was the right move for me. I now have a new house with a way lower monthly payment and can live without fear for the first time in a long time.”

What Property Can I Keep When Filing for Chapter 7 in Detroit?

A common concern for those considering filing for bankruptcy is whether or not they can keep their property. There are various bankruptcy exemptions for chapter 7 allowing to keep certain possessions.

The following are possessions debtors can keep under chapter 7:

  • Home - Many individuals are most worried about losing their home during bankruptcy, but can rest easier knowing that there are homestead exemptions. In the State of Michigan, the amount that an individual can count as exempt is any interest up to $35,300 in their home or other property. For those 65 and older, the amount allowed comes to $52,925. Couples who are married that are filing for bankruptcy together are not able to both claim homestead exemptions according to state laws.
  • Vehicle - Another major concern for many people is protecting their vehicles from being taken to pay off debts. According to Michigan motor vehicle exemptions, any individual can protect up to $3,250 equity for a car. For those filing jointly as a married couple, they may both claim exemptions around $3,000 on their cars or put both of their $3,250 exemptions together towards one car.
  • Personal Items - Personal belongings such as clothing and jewelry, up to a certain particular value, are allowed to be kept as well as appliances, household goods, tools that are used for work, child support money, alimony, life insurance, retirement plans, and a few other benefits.

A qualified Detroit bankruptcy attorney can work closely with you to minimize the amount of property lost during a Chapter 7 bankruptcy.


Legal Counsel on Chapter 7 Bankruptcy in Detroit

Attentive and compassionate, the chapter 7 bankruptcy lawyers at the Law Offices of Marshall D. Schultz are willing to stand with you during this difficult time. We understand where you are coming from and the urgency of finding viable debt relief solutions so that you can be rid of the financial stress once and for all.

With experience assisting creditors, debtors and chapter 7 trustees, attorney Schultz is dedicated to his clients. Currently only serving consumer debtors, he seeks to provide timely and affordable results for each of his clients.

Having handled over 10,000 consumer bankruptcy cases and achieved a positive ranking from Avvo®, a premier legal ranking website, it is evident why so many people have entrusted their financial future with our firm. Contact us today to speak with a bankruptcy attorney in Detroit and answer all your questions. We can assist with answering:


Call us at (888) 822-6730 for a free case evaluation to take the initial steps towards debt relief. We offer legal assistance with Chapter 7 bankruptcy at our offices in Detroit and Southfield.


  • 50+ Years of Combined Bankruptcy Law Experience
    Our attorneys are experienced and knowledgeable in the field of bankruptcy law. Trust a seasoned bankruptcy attorney to handle your case.
  • Assisted 12,000+ Consumers with Their Debt
    Debt affects everyone, rich or poor. We have helped thousands of clients through difficult financial times and we plan on helping thousands more.
  • Free Initial Consultations
    There's no need to pay for a simple conversation! We provide immediate, 100% complimentary consultations to those who are interested in filing with us.
  • Convenient Office Locations in Southfield & Detroit
    We have locations in both Southfield and Detroit for those who want to minimize their commute to visit their nearest office.

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