Waterford Bankruptcy Attorney – The Hilla Law Firm, PLLC: A Michigan Bankruptcy Law Firm
Waterford Bankruptcy Attorney: The Hilla Law Firm, PLLC aims to provide not only high-quality, aggressive legal representation to Waterford-area clients but also the highest level of customer service. The Hilla Law Firm guarantees all work on your case will be done by a licensed and experienced Michigan bankruptcy attorney and never by unlicensed administrative staff or inexperienced associates.
Waterford, Michigan is a long-standing residential community with tough, working-class roots—and some very nice waterfront scenery. Nestled into the Detroit metro area beside industrial Pontiac, just far enough northward up I-75 to escape most of the noise of the Detroit, Ferndale, and Royal Oak areas, Waterford residents prefer a little peace and quiet.
So why would Waterford, Michigan residents consider filing for Chapter 7 or Chapter 13 bankruptcy?
Why Consider Filing for Bankruptcy with the Waterfird Bankruptcy Attorneys of The Hilla Law Firm?
- 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 personal bankruptcy is sometimes called a “straight” or “liquidation” bankruptcy because you pay nothing back to your creditors for any discharged debt. Chapter 7 will herwise allow you to walk away from most debts 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.
It is an ideal way to stop lawsuits, foreclosures, wage or bank account or state tax refund garnishment, and to halt other unpleasant collection activities very quickly and relatively cheaply—and without any need to negotiate anything with the creditors who are hounding you.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is a “payment plan” or “reorganization” bankruptcy that 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.
It is untrue that you are required to pay back 100% of what you owe to your creditors in a Chapter 13. In a Chapter 13 bankruptcy, you repay only what you can afford to pay after your necessary household expenses are taken into account. In most Chapter 13 bankruptcies, an average household will repay somewhere between 10-50% of the total amount of debt owed, though this is highly relative depending on the income and expenses of the household, as well as the amount of debt owed.
Michigan Bankruptcy Rates
Chapter 7 Bankruptcy Rates for Waterford, Michigan
The Hilla Law Firm charges a “flat-fee” for Chapter 7 bankruptcies tailored to your individual circumstances. Our lowest Chapter 7 flat-fee is market consistent for the Detroit metro 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 for Waterford, Michigan
Rates for Chapter 13 bankruptcies are billed hourly but are largely paid through the Chapter 13 payment plan itself, meaning that you do not pay us directly and that our fees are paid out of the monthly plan payments you would be paying anyway. The fees 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 Michigan.
Free Initial Consultations
We offer free initial consultations with Waterford Bankruptcy Attorney John M. Hilla for business-hour appointments in our conveniently located Southfield office.
17376 W. 12 Mile Road, Suite 204, Southfield, MI 48076 > Get Directions
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