Discharge Debts with Chapter 7 Bankruptcy

Thousands of people throughout southeastern Michigan struggle to pay their bills each month; and each month they find themselves falling farther and farther behind. Many of these people fail to contact a personal bankruptcy attorney, and end up losing their home, car, retirement accounts and personal property.

The Chapter 7 bankruptcy attorneys at the law firm of Babut Law Offices, PLLC, have helped thousands of clients protect their property and find relief from debt.

Experienced Michigan Personal Bankruptcy Lawyers

With offices located in Ypsilanti, Taylor, Jackson and Adrian, our bankruptcy lawyers are able to provide personalized local bankruptcy representation. Since our main focus is bankruptcy, our attorneys keep abreast of any changes in the bankruptcy laws and how they affect our clients.

Our lawyers have handled Chapter 7 bankruptcy cases since 1991. We are committed to helping our clients eliminate their debt and move forward with their lives. We discuss our clients’ financial situation and determine whether a Chapter 7 bankruptcy is the proper course for their specific situation.

The Bankruptcy Laws and You

New federal bankruptcy laws were enacted in October 2005, which created requirements for means testing and credit counseling. While the results of the means test do not automatically quality or disqualify you from filing for personal bankruptcy, bankruptcy attorneys use this as a tool to assess an individual’s preliminary eligibility. The test measures a variety of factors according to the state you reside in, including your personal information, median income, family size statistics and more. Our attorneys can assist with any questions you may have about the means test, as well as other questions on changes in bankruptcy law.

Chapter 7 Means Test: Median Incomes

Typically, if a filing party’s income is less than the median income, they can file for Chapter 7 bankruptcy. If it is more than the median, the court will order individuals and families to provide information about their incomes, debts and assets in order to determine if they are eligible to file.

As of January 2010, the following were the median incomes for families with one to six individuals:

  • Family of one — $45,226
  • Family of two — $54,510
  • Family of three — $63,995
  • Family of four — $77,865
  • Family of five — $85,965
  • Family of six — $94,065

Even with this requirement, you may still be able to file a Chapter 7 bankruptcy. If you do not qualify for Chapter 7 bankruptcy, there are other options, including Chapter 13 bankruptcy protection.

Bankruptcy Provides Immediate Relief From Creditors

Once you hire our Michigan personal bankruptcy lawyers, we begin working on your case immediately. Our attorneys inform creditors that you have filed a bankruptcy, are represented by counsel, and they must cease all harassing phone calls and attempts to collect on outstanding debt. Bankruptcy stops home foreclosure actions, wage garnishment and automobile repossessions.

Our firm can assist clients in understanding all aspects of Chapter 7 consumer bankruptcy, such as debt liquidation, credit card liquidation, what types of debts are dischargeable and whether a single or joint filing is right for you.

Contact our Experienced Bankruptcy Lawyers

If you are experiencing financial hardship and need the legal advice and representation of an experienced Chapter 7 bankruptcy lawyer, please get in touch with our legal team at the law firm of Babut Law Offices, PLLC. Contact us by calling (734) 485-7000 or by sending us an email.

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

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