Bankruptcy Law Attorney in Michigan
At the Cronin Law Firm, we understand that filing for bankruptcy is one of the most difficult decisions you will ever face, and one that you didn’t come to easily. Whether caused by prolonged unemployment, unexpected medical expenses, marital issues, over-extended credit, or something you never saw coming, the physical and emotional toll of dealing with bankruptcy can be more than overwhelming. When facing the challenges of bankruptcy, you need a bankruptcy law attorney in Michigan who is as aggressive as they are compassionate. Our experienced bankruptcy lawyers will handle your case with discretion and understanding. Our goal is to help get you back on your feet.
Though bankruptcy isn’t always the answer, it can often provide the opportunity for a fresh start. Under Michigan Bankruptcy law, a person can file for Chapter 7 bankruptcy, sometimes called “straight bankruptcy,” or liquidation, or Chapter 13 bankruptcy.
In Chapter 7 bankruptcy, your property becomes part of the bankruptcy estate. The bankruptcy trustee can sell your property and use the proceeds to repay your unsecured creditors. Some property, however, is safe from the trustee – this is called exempt property. In Chapter 13 bankruptcy, your exempt property plays a role in how much you must repay unsecured creditors over the life of your plan.
Michigan Bankruptcy laws and exemptions are complex. Having an experienced attorney to help you navigate the process is a must. Our bankruptcy lawyers will help protect as much of your assets as possible, while providing understanding and compassionate counsel.
You can have a fresh start. Contact The Cronin Law Firm today to get started.