A Message From The United States Bankruptcy Court Eastern District of Michigan
Here is what the US Bankruptcy Court for the Eastern District of Michigan has to say about consulting with a bankruptcy lawyer:
“A bankruptcy case is a legal proceeding affecting the rights of both debtors and creditors. Title 28 U.S.C. Sec 955 PROHIBITS any member of the Clerk’s Office staff from giving any advice which may be considered legal in nature. Canon 2(f) and Canon 3 of the Judiciary’s Code of Conduct also PROHIBITS this office from providing legal advice and further instructs the staff to remain impartial.
Because bankruptcy is frequently complicated, it is strongly suggested that lay people obtain the services of an attorney.”
Talk with one of our experienced Michigan bankruptcy lawyers today.
How Do I Determine Whether To Hire A Bankruptcy Lawyer Or File On My Own?
How Do I Determine Whether To Hire A Bankruptcy Lawyer Or File On My Own?
On any given day, we talk to a lot of different Michigan residents about their individual Bankruptcy questions. During these conversations, people frequently ask if whether or not it’s a good idea to file bankruptcy on their own. You may be thinking to yourself, well obviously a bankruptcy lawyer is going to tell me I need a lawyer to file for bankruptcy. Like many other areas of law, deciding to handle your bankruptcy legal matter on your own, is simply not a good decision. Bankruptcy is very complicated. One small mistake can end up costing you much more than the fee you pay to your Michigan bankruptcy legal professional.. Even worse, making repeated mistakes on your filings may subject you to significant penalties and delays.
Hiring A Michigan Bankruptcy Lawyer May Actually Be Cheaper Than Handling Your Situation On Your Own
If you don’t don’t believe us, call us. You don’t have to search very hard to find a bad bankruptcy story. We’re happy to lay out all your options and explain to you which directoin we believe is the best for you specific situation. We understand that each of our clients’ needs is different. One size fits all, do it yourself-style bankruptcy may end up costing you more than hiring an experienced bankruptcy attorney.
There Are Certain Things That A Bankruptcy Lawyer Can Help You With That You Simply Can’t Handle On Your Own
When you are looking for a lawyer for your bankruptcy legal matter, make sure you are talking to attorneys that have experience handling bankruptcies in your state. There are aspects to filing for bankruptcy that a local bankruptcy attorney may be familiar with that one from another state may not. If you’re facing serious debt issues, usually the best thing to do is to talk with a bankruptcy lawyer near you about all the different options that are available to you.
3 Questions Commonly Asked About Chapter 7 Bankruptcy in Michigan
You may be feeling the burden of the debt you face. You have bills that are piling up and can’t see the light at the end of the tunnel. One option worth exploring is filing for Chapter 7 bankrtupcy.
Nearly 2/3 of all personal bankruptcy filings are Chapter 7. This makes it the most common type of bankruptcy. What I will do is define for you exactly what Chapter 7 bankruptcy is and answer 3 of the most common questions asked about it.
Chapter 7, or straight bankruptcy, is a good fit- if you are in a position to sell your nonexempt property and use the money made to pay your creditors. Of course, you want to make sure that you will have property left over after paying your debts to get a fresh start.
Here are a couple of common questions about Chapter 7 bankruptcy
1. Will I be harassed by people I owe money to after I file for bankruptcy? The answer is no. In fact, by law your creditors must cease all actions against you once you file. Filing for bankruptcy is a way to settle with your creditors and start over.
2. Is everyone going to know I filed? Chapter 7 bankruptcy filings are public records. However, typically no one will know you went bankrupt unless you choose to tell them. There aren’t many publications that are printing the names of all people filing, and there are a lot of them.
3. I feel ashamed I’m filing for bankruptcy. Why do most people file? Filing for bankruptcy is nothing to feel ashamed about. In fact the most common reasons for filing include medical expenses, divorce, job loss and other unexpected and unplanned events.
If you think Chapter 7 bankruptcy might be a fit for you the next step is to consult with a bankruptcy attorney.
5 Common Bankruptcy Myths: Things To Consider When Filing For Bankruptcy
Misconceptions about bankruptcy and what it means to file are prevalent. What I’d like to do is discuss 5 of the most common misconceptions people have about the process.
I’d like to address the top 5 most talked about myths when it comes to your bankruptcy filing.
1. If I file for bankruptcy, everyone is going to know about it. Most often the only people that will know about it are the ones you decide to tell and your creditors. Even though bankruptcy is a public proceeding, there are so many people and companies that file for bankruptcy, unless you are prominent, no one will run a press release about it.
2. I’m going to lose all that I own. Unfortunately, this is too often the showstopper for the people bankruptcy could help the most. Each state has it’s own laws regarding bankruptcy and your rights, but all of them will protect certain assets of yours. Things like you house, clothes, retirement savings, etc. are protected. You can even keep your mortgage and car loan active if you can make the necessary payments.
3. My credit will be destroyed forever and I’ll never get it back. Not so. You will be offered credit again, albeit at higher interest rates. Large purchases should be made prior to bankruptcy due to the higher interest rates. Getting loans for things like a car or house may prove more difficult. However, you will be able to get credit again.
4. Filing for bankruptcy is going to be a long and arduous journey. Not so. Bankruptcy lawyers in Michigan can help with your filing and make the process easier for you to go through.
5. Filing for bankruptcy has a bad stigma attached to it and I don’t want to be a deadbeat. The majority of bankruptcies are filed because people have come upon hard times. They got sick, divorced, or laid off. Bills piled up and there was little they could do to keep up.
Filing for bankruptcy isn’t a process you should take lightly. It is a good idea to consult with bankruptcy lawyers in Michigan to make sure you are handling all aspects of the process correctly.
When you are facing the prospect of filing for bankruptcy the next step is to connect with bankruptcy lawyers in michigan. Ardelean & Dunne are talented bankruptcy lawyers in michigan. Ardelean & Dunne will help to file your bankruptcy issue and get you on the right track again.