When debt becomes overwhelming, you may consider declaring chapter 7 bankruptcy. This type of bankruptcy allows an individual to liquidate many of their assets, which can then be used to pay off much of their debt, leaving them mostly debt-free after the process is complete. While this process can be completed alone, it is often more beneficial to obtain assistance from a chapter 7 attorney. Count on Cartwright Law Firm, PLLC for chapter 7 bankruptcy legal counsel in Metro Detroit area. We can help both with individual cases and corporate chapter 7 bankruptcy, depending on the need. Attorney Andrea Cartwright is prepared to help with your debt relief. Whether you are dealing with credit card debt, past due bills, debts for vehicles, or medical costs, you can walk away with a satisfactory outcome through chapter 7 bankruptcy. Call today to begin discussing your situation in a free initial consultation.
Declaring chapter 7 bankruptcy is the most beneficial when you have more debt than you’d reasonably be able to repay. Before declaring chapter 7 bankruptcy, it is a good idea to look at your existing debt with an attorney in your area. It may be beneficial to ask a lawyer for assistance in determining whether filing for Chapter 7 bankruptcy is the right decision for you. Your lawyer can help you determine what debt can be discharged and what can’t, as well as let you know what assets may be exempt from liquidation. Additionally, they’ll help you make sure that you’re eligible to file. With the proper assistance from an attorney, you can start fresh without the threat of creditors taking everything you own. We work to protect your assets and set you on the right path for your long-term goals.
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Business chapter 7 bankruptcy is different from a consumer bankruptcy. Unlike when an individual files, corporations can no longer continue operation; they become debt-free by dissolving the company entirely. While this may seem daunting, there are certain circumstances under which a company might wish to file for this type of bankruptcy. For example, say a corporation is worried that creditors will try to pursue legal action to reclaim their debts. By declaring business chapter 7 bankruptcy, they can help mitigate this concern. This is because filing proves that the money truly is all going to the creditors to pay off debts and not somewhere else. When done correctly, this can give a better sense of closure and allow business owners to start fresh.
When you are considering filing for bankruptcy, it’s important to get a second opinion from a qualified lawyer. So, consider contacting us for a free initial consultation.
Address: 24750 Lahser Rd. Southfield, MI 48033
Phone: 248-352-8722
Fax: 248-353-0431
Email: cartwrightlawfirm@gmail.com
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