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Our Website is Mobile, Click to Call or Map - 734-283-5100

204 Oak St, Wyandotte MI 48192

Law Offices of R. Thomas Bidari Legal Services

BANKRUPTCY

Bankruptcy is a big step.  It is a smart decision to look for legal help with the bankruptcy process.  The bankruptcy code is complex, and retaining an experienced lawyer can make things a lot less stressful for you and your family.

If your life is in turmoil because of collection calls and unmanageable debt, let us help you restore your peace of mind and return tranquility to your life.  Call us to learn how a bankruptcy filing can give you a fresh start and:

  • Stop harassing phone calls
  • Stop garnishments
  • Stop foreclosures
  • Protect your assets

FREQUENTLY ASKED BANKRUPTCY QUESTIONS:

Should I file for bankruptcy?

Whether or not you should file bankruptcy depends on your particular circumstances.  It may be that after a consultation we advise you to resolve your financial difficulties through other means.  In some cases, bankruptcy may be the only option.  The decision to file for bankruptcy is a serious one and we will help you to make the right choice.

How long will bankruptcy show on my credit report?

The Fair Credit Reporting Act states that credit reporting agencies may not report a bankruptcy case of a person's credit after 10 years from the filing date of the bankruptcy case.  Bankruptcy laws give the debtor an immediate "fresh start."  Most of our clients who receive a Chapter 7 discharge are immediately approved for car loans, credit cards, etc.

Will filing bankruptcy stop a garnishment?

Yes.  Once you file bankruptcy, you are immediately under protection of the court from almost all creditors.  You may even be able to get garnished monies returned.

Can I keep my home/car if I file bankruptcy?

As long as you are current and remain current with your monthly house or car payments, yes.  Of course, once you file bankruptcy, you also have the option to cancel your purchase agreement or mortgage and surrender the property with no further obligation.

Do I have to sell my personal property after filing bankruptcy?

Bankruptcy law lets you exempt and keep your property as long as the value is within the exemption amounts.  In almost all cases these amounts are more than sufficient.

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