Michigan Bankruptcy Lawyers

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Rayman & Knight

Rayman & Knight

Rayman & Knight is dedicated insolvency firm. We attempt to be a lifeline to business and individuals suffering from financial difficulties.

141 East Michigan Avenue, Suite 301 - Kalamazoo, MI 49007
(269) 345-5156

KELLER & ALMASSIAN, PLC

KELLER & ALMASSIAN, PLC

230 East Fulton Street - Grand Rapids, MI 49503
(616) 364-2100

Keller & Almassian, PLC

Keller & Almassian, PLC

Keller & Almassian, PLC, is dedicated to providing advice and counsel regarding bankruptcy, including Chapter 7, Chapter 11 and Chapter 13. We offer a RISK FREE CONSULTATION.

230 East Fulton St. - Grand Rapids, MI 49503
(616) 364-2100

<b>SOLOMON LAW FIRM PLLC</b>

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SOLOMON LAW FIRM PLLC

Solomon Law focuses on helping people with disabilities, especially in the areas of SOCIAL SECURITY DISABILITY, WORKERS' COMPENSATION, PERSONAL BANKRUPTCY, CHILD CUSTODY, IMMIGRATION, and MOTOR VEHICLE LAW. Over 25 years of legal experience.

2430 Camelot Ct SE - Grand Rapids, MI 49546
(616) 635-2496

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The Law Offices of Ryan F. Beach, PLLC

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The Law Offices of Ryan F. Beach, PLLC

We are a bankruptcy law firm serving Grand Rapids, Kalamazoo, Lansing and West Michigan. We assist individuals with filing Chapter 7 bankruptcy, filing Chapter 13 bankruptcy, and negotiating debt settlement.

1500 East Beltline Ave SE Suite 140 - Grand Rapids, MI 49506
(616) 389-0629

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<b>Wahl Legal Group</b>

Wahl Legal Group

The Wahl Legal Group serves all of Northern Michigan. The Wahl Legal Group handles motor-vehicle accidents, personal injuries, estate planning, and probate matters.

P.O. Box 844 - Traverse City, MI 49685
(989) 312-1006

Moran Law

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Moran Law

Moran Law is committed not only to providing excellent legal service, but world-class customer service as well. We care about our clients before, during and after their cases. Chapters 7 & 13.
A+ rated by the Better Business Bureau.

2387 S. Linden Rd. Suite B-128 - Flint, MI 48532
(248) 246-6536

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Gregory L. Dodd, Attorney at Law

Gregory L. Dodd, Attorney at Law

300 N Huron St. - Ypsilant, MI 48197
(734) 487-2611

Dakmak Peurach, P.C.

Dakmak Peurach, P.C.

Dakmak Peurach, P.C. consists of Robert A. Peurach and James J. Tocco.

41740 Six Mile Road, Suite 101 - Northville, MI 48168
248-349-0500

Smith Law

Smith Law

The goal at Smith Law is to help our clients move forward for a better life after bankruptcy or real estate foreclosure.

30833 Northwestern Hwy Ste. 200 - Farmington Hills, MI 48334
(248) 626-1962

Law Offices of Shirley L. Horn

Law Offices of Shirley L. Horn

Shirley L. Horn has practiced almost exclusively in the area of consumer bankruptcy law for 20 years. She opened The Law Office of Shirley L. Horn in 2003. Her primary focus is Chapter 7 and Chapter 13 debtor and creditor representation.

Erman, Teicher, Zucker & Freedman, P.C

Erman, Teicher, Zucker & Freedman, P.C

Keith Sirlin & Associates, P.C.

Keith Sirlin & Associates, P.C.

The office of Keith Sirlin practices law in Waterford, MI and services all of Oakland County.

Karen E. Evangelista, PC

Karen E. Evangelista, PC

Resnick Law, P.C.

Resnick Law, P.C.

Frego &amp; Associates-The Bankruptcy Law Office PLC

Frego & Associates-The Bankruptcy Law Office PLC

The Situation in the Wolverine State

Michigan’s real GDP is expected to drop by 4% to 5% this year and 50,000 to 60,000 more auto-related jobs will disappear. The recovery expected to begin late in 2010 will not help the multitudes of unemployed or underemployed struggling to survive in Michigan right now. Bankruptcies filed in 2008 hit record levels with over 55,000 in Michigan alone, and nearly 97% of those filed by consumers. It is estimated that 1.4 million consumer bankruptcies will be filed in the U.S. in 2009, the surge triggered by the foreclosure crisis and economic downturn.

Michigan Bankruptcy Legal Advice

The Federal Bankruptcy Law involves processes, procedures and evaluations which can be complex and confusing, including major revisions made in 2005. Seek the advice of a Michigan law firm with specific long-term experience in Michigan bankruptcy matters. Check references, if possible. A competent Michigan attorney will help you weigh your different options, make informed decisions, help you protect the security of your family and reduce your stress, while facing the realities of the situation.

Chapter 7 - The Most Common Consumer Bankruptcy Choice in Michigan

Chapter 7 is the “fresh start” chapter of the Bankruptcy Code and most commonly used. Included in this process is a “means test”, used to determine your ability to pay your creditors, verifying whether Chapter 7 is appropriate or indicating that you should be filing Chapter 13. Median Family Income by Family Size and current poverty guidelines are factors evaluated when determining appropriate filing status for a given situation.

Filing a Michigan Business Bankruptcy

U. S. business bankruptcies were up 40% in May of this year, further verifying the depth and breadth of the sluggish economy. Chapter 7 and Chapter 11 are the two most common types of Michigan business bankruptcy choices. With some exceptions, Chapter 7 is a liquidation procedure where the business is closed and all unsecured debt is discharged. Chapter 11 provides for working out an arrangement to pay creditors all or part of what is owed while keeping the company in business.

Obtaining Credit Following Your Michigan Bankruptcy

Begin working on your credit repair right away. Try applying for credit and once accounts are open use them sparingly and pay them off on time. Get a secured loan on a house, car or student loan and at least one credit card or home equity line. Contact credit bureaus to correct mistakes on your credit report. Debts commonly show as active when they should show as discharged in bankruptcy which continues to negatively impact your credit rating.

Thoughts on Bankruptcy Filing in Michigan

As the State’s economy struggles to recover, decisions you make and actions you take now can have a positive or negative effect on the outcome of your bankruptcy proceedings. Although some filers elect to handle their bankruptcy on their own, The U.S. Bankruptcy Court cautions that “Bankruptcy has long-term financial and legal consequences -- hiring a competent attorney is strongly recommended.”Click here to find Michigan attorney resources in your area.

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