Southfield, Michigan, Chapter 7 Bankruptcy Lawyers
Each year, people all across Michigan and throughout our country have debt problems which become severe enough that they need to file consumer bankruptcy. Today, an overall economic slowdown that includes major price inflation and the well-publicized mortgage foreclosure epidemic is hitting people especially hard.
At the Law Offices of Lawrence Lucido & Erica Cicchelli, we offer a free telephone consultation to discuss your financial situation and determine whether bankruptcy can provide the debt relief you need.
A Manageable Legal Solution to Your Biggest Financial Problems
We urge you to seek help from a qualified, experienced attorney for situations like these:
- You are dealing with home mortgage foreclosure and a sheriff’s sale date has been set.
- You are about to be sued for nonpayment and wish to prevent a judgment against you that could result in garnishment of your bank account and wages.
- The automobile you depend on for transportation to work is in danger of being repossessed.
- Your total debt load is simply more than you can handle, and creditor calls and demands are making life miserable for you.
Chapter 7 Bankruptcy: Do You Qualify?
Sometimes called debt liquidation, Chapter 7 bankruptcy can provide complete discharge of unsecured debts: Whatever you owe credit card companies, for example, can be wiped away to give you a fresh start and chance to rebuild. It will also stop or prevent judgments and garnishments, so that you have a chance to recover financial stability.
For most people in need of debt relief, one of the first questions to address is whether they qualify to file Chapter 7. In 2005, changes in federal bankruptcy laws included the institution of a means test that prevents higher-income earners from filing Chapter 7. People in this situation — and those attempting to achieve a debt settlement and keep certain types of assets — are often eligible to reorganize debt in a Chapter 13 bankruptcy filing and plan, however.
Free, Helpful Telephone Consultation: Call 866-552-9210
Our attorneys’ in-depth familiarity with federal bankruptcy laws has enabled us to help many people throughout counties such as Wayne, Macomb, Oakland, Genesee, Washtenaw, Livingston and St. Clair. We can do the same for you and encourage you to contact us today if you are ready to take a tough, but positive, step for your future.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
