Filing for Bankruptcy Due to Reduced Income

Did you lose your job? Did you get your hours involuntarily cut? Were you forced to take a percentage reduction in your pay and now you can't pay your bills? Most people who file for bankruptcy in Michigan are responsible individuals and families who find themselves in difficult financial situations because of involuntary pay reductions or job loss.

At the Michigan law firm of Babut Law Offices, PLLC, we understand that you are concerned about how bankruptcy might affect your reputation, credit history and livelihood. You never thought you would be in this situation. Our experienced bankruptcy attorneys do everything we can to ensure that bankruptcy proceedings put you back on your feet financially while minimizing the impact on the rest of your life. Contact our law offices in southeast Michigan for a free consultation.

What Are Your Bankruptcy Options?

Since 1991, we have helped more than 25,000 families determine the best debt recovery path for them.

  • Chapter 7 bankruptcy provides immediate financial relief by discharging outstanding debt and giving bankrupt individuals and families a new start. Eligibility for Chapter 7 bankruptcy is based almost entirely on your family's financial situation and income.
  • Chapter 13 bankruptcy is a good option for individuals and families who do not qualify for Chapter 7 bankruptcy. In Chapter 13 bankruptcy, clients work with bankruptcy trustees to reorganize debt through a three- to five-year bankruptcy plan.

Our Michigan bankruptcy lawyers meet with you to discuss filing a Chapter 7 bankruptcy, Chapter 13 bankruptcy and alternatives to bankruptcy. We care about our clients and provide them with the guidance they need during their bankruptcy filing, from credit counseling to rebuilding credit.

Rebuilding Credit After Bankruptcy

With limited exceptions, once the court discharges your debt, you are considered "debt-free." Within 24 to 36 months from bankruptcy, your credit will likely fully recover and you will be able to obtain loans and financing. Our law office helps you work out a financial plan to rebuild your credit from the ground up.

Contact Babut Law Offices, PLLC

Financial hardship can happen to anyone. When you need the legal advice and representation of an experienced bankruptcy attorney, contact the law firm of Babut Law Offices, PLLC, to arrange for a free initial consultation. We offer quality representation at an affordable price to our clients, no matter what their economic situation. Call 800-671-8068 or 734-485-7000 or send us an email.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.