Do I need to be flat broke or destitute to file a Bankruptcy in Michigan?

 

This is a question I am frequently asked by clients in our initial conversation. The answer is no, you don’t have to be totally broke, penniless or destitute to file a bankruptcy.  In fact, bankruptcy is designed to prevent you from being flat broke. Most of my Detroit area bankruptcy clients actually have good steady jobs and earn good salaries. The law does not require you to be in the “poor house” to file for bankruptcy relief. Bankruptcy is available to anyone who has difficulty paying their debts as they become due or is otherwise over-burdened by debt.  Many people have the misconception that you will be left with a barrel around you because your creditors took everything, including your clothes.  Reality is much different. 99% of my clients never lose anything they own because their assets are protected by the bankruptcy exemption laws.  Bankruptcy in Michigan allows you the choice between the Federal Bankruptcy exemptions and the State of Michigan exemptions. Of the 1% who do give up an asset or pay the value of it to the bankruptcy Trustee, they know up front and are very happy to do so, because they are usually getting the better end of the bargain, that is they are usually only paying pennies on the dollar to their creditors.  When my office meets with a new client, we carefully analyze their income and expenses as well as their debt burden to determine their eligibility under the bankruptcy means test laws.  Most clients, 75% of them will qualify for eliminating all of their credit card debt with Chapter 7, while about 25% will pay a percentage (based on what they can afford), to their creditors in a court supervised Chapter 13 repayment plan.

 

Contact our office today: 248-549-3333 or 1-800-398-3328

Email me at:  8884walter@sbcglobal.net

Download my starter packet at:  http://www.detroitbankruptcylawyer.com/startup.pdf

Royal Oak Bankruptcy Law Office of Walter Metzen & Associates
30448 Woodward Avenue
Royal Oak MI 48073

Map & Directions

Phone:248-549-3333
Fax:313-962-4241
Email: 8884walter@sbcglobal.net

Top 10 Reasons You should only file Bankruptcy with  Board Certified Bankruptcy Attorney Walter Metzen

1.  Experience Counts. The more you practice something the better you get at it.  My office has handled over 10,000 (yes, ten thousand) personal bankruptcy cases in the Detroit Bankruptcy Court which covers the entire Metro Detroit area.  We have the experience to get you through any obstacle that may stand in your way as your case goes through the Court system. 

2.  Bankruptcy Law is complex.  Far too many fledgling attorneys mistakenly believe that bankruptcy law is easy and begin filing cases with little or no experience, including possibly your case.   Many of these attorneys will charge a bit less than an experienced attorney who understands that sufficient time and effort need to be put into every bankruptcy case to assure its successful transit through the bankruptcy system here in Michigan.  You do not want to be a guinea pig.  It will cost you much more in the long run, including additional court fees, lost time from work for additional appointments or Court hearings and possibly assets lost to the Trustee or creditors.  Get it done right from the outset.  Hire a specialist who knows what they are doing.

3.  Avoiding repeat filings. You basically have one shot at filing a bankruptcy and odds are you will only file once in your life, so it is important that you do it right from the very start.  My office will take the time up front, before filing, to analyze your financial situation to determine and advise if bankruptcy is the right decision or if there are other alternatives available to you.  Then we will advise you which Chapter is appropriate to you individually.  Other, less qualified attorneys or people trying to file on their own, will often make mistakes that result in the bankruptcy case being dismissed requiring a refilling which often will result in limited Court protections.  Hire a professional from the start, to ensure that the job is done right, from the beginning.  It will be less stressful, easier, less expensive, will require less time off work and will result in a far better outcome every time.

4.  The Bankruptcy Court and Code have complicated bankruptcy rules.  A Board Certified bankruptcy attorney is familiar with these complicated rules and my office will make sure that your bankruptcy case filing will not be dismissed by the Bankruptcy clerk or court because it doesn't follow federal bankruptcy rules.

5.  What bankruptcy chapter is right for you? If you are considering filing an individual bankruptcy, my office can explain the advantages and disadvantages of each Chapter of bankruptcy available. Each chapter has certain advantage over the other and our experience with the other 10,000+ clients before you will help us advise you which Chapter would be best.

6.  Familiarity with local court procedures.  The law in the United States allows anyone to represent themselves in our Courts, and Bankruptcy Court is no exception.  Very few debtors actually try to represent themselves when filing a bankruptcy case and of those cases that are filed without the help of a qualified bankruptcy attorney often end disastrously.  I have spent years learning the individual nuances of the Detroit Bankruptcy Court and can used that gained experience to help you in your case.

7.  Familiarity with our Bankruptcy Judges and US Trustees.  In the Detroit Bankruptcy Court which handles all the cases from a 13 County wide area in Michigan, we have 5 bankruptcy Judges and a couple dozen bankruptcy Trustees, all of whom have there own way of doing things.  My office knows what their nuances are, and the way they want things done when a case is assigned to them.  We have been working with the same players in the bankruptcy system for twenty years.

8. You are more likely to get what you want. You want a Discharge of your debt.  This is a Court Order that says that you do not have to pay the creditors anymore and that they can never pursue you for collection of this debt.  If you hire a board certified specialist in filing bankruptcy cases in the Detroit court, you are much more likely to get what you want, your bankruptcy case Discharge.

9. Can you handle a bankruptcy court hearing by yourself? Depending on the Chapter of bankruptcy you file, you could end up in court before the trustee or judge a number of times in front of many people. Are you familiar with the proper courtroom rules, etiquette and procedures? Most people are terrified at the thought of this and rightfully so. You will feel much better with an experienced bankruptcy lawyer with you at all times.

10. Can you afford not to hire a Bankruptcy Specialist? One simple mistake in bankruptcy court can have tremendously serious consequences and could result in losing an asset such as your home, life savings or your bankruptcy discharge or both. I’ve seen it happen many times with clients who represented themselves or hired inexperienced bankruptcy counsel. 

 

For comprehensive bankruptcy representation, or advice on alternatives to bankruptcy, tailored to suit your individual case and needs, trust your case to me, bankruptcy attorney Walter Metzen. I have handled bankruptcy matters for individuals across the Detroit area for over 14 years. My practice focuses only on bankruptcy and the alternatives to bankruptcy, allowing me to be as educated and informed as possible in all htmlects of bankruptcy filings and methods you can use to avoid having to file for bankruptcy while still managing your debts. I offer a free initial consultation so we may discuss your specific case before you make any decision.

Please use the form below to get in touch with me today. I look forward to speaking with you and helping you take control of your present financial situation.

NOTE: An asterisk (*) indicates REQUIRED information. The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

Click Here to Fill-out a detailed Questionnaire to Submit to Attorney Metzen

Detroit Law Office of Walter Metzen

645 Griswold, Suite 3156 Penobscot Bldg
Detroit, MI 48226

313-962-4656

We are a Debt Relief Agency helping people file for bankruptcy relief under the Bankruptcy Code. Let us help you decide if bankruptcy is right for you.

Bankruptcy attorney Walter Metzen represents clients throughout Southeast Michigan, including the communities of Detroit, Southfield, Warren, Roseville, Farmington Hills, Ann Arbor, Belleville, Canton, Clinton Township, Dearborn, Dearborn Heights, Hamtramck, Highland Park, Holland, Howell, Lincoln Park, Livonia, Macomb, Northville, Plymouth, Port Huron, Redford, Rochester, Saginaw, Southfield, Sterling Heights, Taylor, Trenton, Troy, Westland, Wyandotte, Ypsilanti, Mount Clemens, Howell, Oakland County, Macomb County, Wayne County, Washtenaw County, Livingston County, and all of the surrounding areas.

Detroit Bankruptcy Law Office of Walter Metzen & Associates
645 Griswold, Suite 3156
Penobscot Building
Detroit MI 48226
Map & Directions

Phone:313-962-4656
Fax:313-962-4241
Email: 8884walter@sbcglobal.net

 

Royal Oak Bankruptcy Law Office of Walter Metzen & Associates
30448 Woodward Avenue
Royal Oak MI 48073

Map & Directions

Phone:248-549-3333
Fax:313-962-4241
Email: 8884walter@sbcglobal.net

 

Board Certified Specialist, American Board of Certification