Hilla Law Firm – A Southeast Michigan Bankruptcy Lawyer
The mission of The Hilla Law Firm is to provide the highest quality of legal service along with the highest quality of customer service as a Michigan Bankruptcy Lawyer.
Bankruptcy is indeed sometimes a “last ditch resort,” the final option for people who are experiencing increasingly unmanageable debt difficulties. Sometimes, however, people can wait too long and try too hard to “avoid” bankruptcy.
Here we have outlined different reasons why people file bankruptcy:
- Stop wage and bank garnishments
- Stop a foreclosure of your home
- Stop Collector Harassment & Lawsuits
- Save your credit report & credit score
- Discharge Unmanageable Medical Debt
- Get Out of an Unaffordable Lease
- Simplify or Recover from a Divorce
- Discharge or Pay Off IRS or State Tax Debt at 0% Interest
- Cure Deficient Child & Spousal Support Payments
- Get back a vehicle that has been repossessed or seized
Different Types of Bankruptcies
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is the form of personal bankruptcy that most people think of when they hear the word “bankruptcy.” It is otherwise known as a “straight” or “liquidation” bankruptcy because, essentially, it accomplishes one very straightforward end: the liquidation of most of your debt.
Although there are some forms of debt that cannot be discharged by a Chapter 7 bankruptcy, a Chapter 7 will otherwise allow you to walk away from unmanageable debt without the need to repay any of it and without the need to fear ongoing collections attempts by your creditors or even taxable liability a result of the discharge of the debt.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is a “reorganization” bankruptcy rather than a complete liquidation of debt as in a Chapter 7. A Chapter 13 is, basically, a payment plan enforced by the Federal Bankruptcy Court upon all of your creditors, whether the debt is a “dischargeable” debt like a credit card or “non-dischargeable” debt like a child support arrearage or recent income taxes owed. Contrary to popular belief, you are not required to pay back 100% of what you owe to your creditors in a Chapter 13.
Michigan Bankruptcy Rates
Chapter 7 Bankruptcy Rates in Michigan
In most cases, we charge a “flat-fee” for Chapter 7 bankruptcies tailored to your individual circumstances. Our lowest Chapter 7 flat-fee is market consistent for the Detroit area, but the fee may be higher in an individual case if it offers a higher level of complexity, involving issues of corporation ownership, tax debt to be discharged, an ongoing divorce, significant non-exemptible assets, multiple real estate properties, and other issues.
Chapter 13 Bankruptcy Rates in Michigan
Rates for Chapter 13 bankruptcies are not billed as “flat-fees” the way that Chapter 7 bankruptcies are. For Chapter 13 bankruptcies, The Hilla Law Firm bills hourly according to the number of hours required for the cases at Attorney John M. Hilla’s current hourly rate, which is favorably affordable in comparison with many other bankruptcy attorneys in the Detroit Metro area.
Free Initial Consultations
We offer free initial consultations with a Michigan Bankruptcy Lawyer for business-hour appointments in our conveniently located Southfield office.
17376 W. 12 Mile Road, Suite 204, Southfield, MI 48076 > Get Directions