Chapter 7 Bankruptcy in Michigan
Chapter 7 bankruptcy is a "liquidation" bankruptcy in which you are able to legally discharge your obligation to repay nearly all of your debts without any remaining legal ability of your creditors to pursue you for collections afterward. It is a superior way to walk away from distressed real estate than a short sale or other process that must be negotiated with creditors and can leave you liable for a big tax bill afterward. Even Federal or State of Michigan tax debt can sometimes be discharged with a Chapter 7 bankruptcy.
A Michigan Chapter 7 bankruptcy is the quickest way to stop a collection lawsuit, wage or bank account or tax refund garnishment, and harassing collection phone-calls and threats. The moment a Chapter 7 bankruptcy is filed, all such collection attempts must cease, and, if they don't, our bankruptcy attorney will prosecute your creditors for severe sanctions and damages in Federal Bankruptcy Court at no cost to you.
Some debts cannot be discharged in Chapter 7 bankruptcy, and there are some income eligibility standards that you must meet. However, Michigan Bankruptcy Attorney John M. Hilla can help you navigate this complicated process in order to maximize its benefits for you and to help you find the fresh start that you deserve.