Debt Relief Through Bankruptcy
Filing for bankruptcy doesn't necessarily have anything to do with being irresponsible or having some kind of moral failure. In fact, most bankruptcies are filed because of events beyond a person's control — the economy, the housing market crash, divorce, major illness and job layoffs being the most common reasons.
At Resnick & Moss, P.C., we help individuals, families and businesses in the Detroit area and southeast Michigan obtain meaningful debt relief through the bankruptcy process and through alternative methods such as debt settlement and creditor workouts. For straightforward advice and top quality bankruptcy services, call or contact our Detroit bankruptcy lawyers online in Bloomfield Hills, Michigan.
Bankruptcy law has been a major focus at our firm since its inception more than 15 years ago. Today, that focus and our firm's commitment to providing top quality, affordable legal services remain as strong as ever.
Bankruptcy Services at Our Firm
If you are looking for debt relief options, we encourage you to turn to our firm for the legal advice you need. We offer a range of bankruptcy services, including:
- Answering your questions about bankruptcy law
- Filing for Chapter 7 bankruptcy
- Filing for Chapter 11 bankruptcy
- Filing for Chapter 13 bankruptcy
- Stopping creditor harassment
- Stopping foreclosure
- Discharging debts
- Protecting assets
- Eliminating second and third mortgages from property
- "Solutions Without Bankruptcy®" such as debt settlements and creditor workouts
Guiding Business Owners Through the Bankruptcy Process
If General Motors and Chrysler can declare bankruptcy, why can't you? Although there may be legal reasons why your business is not eligible for bankruptcy protection, from a practical standpoint, if the money just isn't there to pay your creditors and continue your business operations, filing for bankruptcy under Chapter 7 or reorganizing your debt under Chapter 11 may be the most responsible option you can do right now. Our attorneys are available to review and analyze your financial situation and help you assess the bankruptcy and non-bankruptcy options that could effectively address the problems you are facing.
Creditor Rights
The attorneys at Resnick & Moss, P.C. are frequently called upon to represent clients that are creditors in bankruptcy proceedings. The filing of a bankruptcy by an individual or a business does not necessarily mean that all debts will be discharged. For example, a debt may be nondischargeable because the debt was assumed in a divorce settlement, because the debt arose through fraud, tortious conduct, or a violation of the builders trust fund act, or for a number of other reasons. Under certain circumstances a debt may not be dischargeable in bankruptcy and proper objections can be filed to ensure that you are able to collect monies that you are owed.
In other circumstances, a bankruptcy trustee may be pursuing creditors for payments they received shortly before a bankruptcy filing, claiming that the payments were either a preference or a fraudulent transfer. We have successfully represented clients in defending against such claims by trustees.
Whatever the circumstances, the knowledgeable and skilled lawyers at our firm can quickly assess the issue, and, if necessary, promptly and efficiently act on your behalf to preserve your rights.
Life After Bankruptcy
While there is a certain stigma associated with filing for bankruptcy protection, the fact remains that bankruptcy is a powerful (and legal) tool that can help you get out from under a mountain of debt and get your life back on track. We can help answer your questions and address your concerns about the bankruptcy process, life after bankruptcy and your future.
After a bankruptcy, most of your unsecured debt will be discharged. This means that you will no longer have the credit card debt, medical bills and personal loans you had prior to bankruptcy. This can help you get your finances back under control and allow you to start rebuilding your credit.
While a bankruptcy will have an effect on your credit score, in all likelihood your credit rating is already damaged if you are facing bankruptcy. After you complete your bankruptcy, you will be in a position to manage your debts and begin rebuilding your credit score over time because you are able to pay all of your bills on time going forward.
Contact a Pontiac Chapter 7 Lawyer
To schedule an initial consultation with one of our lawyers, reach us online or call us directly at 248-642-5400.
