Put More Than 135 Years of Bankruptcy Law Experience to Work For You
Put More Than 135 Years of Bankruptcy Law Experience to Work For You

Chapter 7 Bankruptcy

Eliminate Your Credit Card Debt

When you consider bankruptcy in Metro Detroit, you want to know you are getting advice from someone who understands how the system works, someone who respects bankruptcy law and its power to help people get a fresh start on their financial lives. Here at the bankruptcy law firm of Gold Lange, Majoros, & Smalarz, P.C., our attorneys can provide you with that kind of guidance. With more than 100 years of combined experience between us, we know when bankruptcy will work for you and when it won’t. When it won’t, you can rely on our lawyers as experienced and thoughtful bankruptcy professionals to point you in the direction of any one of a number of bankruptcy alternatives that are right for you.

When You File A Chapter 7 Bankruptcy, What Happens?

While any recommendation of legal action can only be made after personal consultation with an attorney, we generally find that people will benefit from a Chapter 7 bankruptcy if they face certain types of obstacles:

A Chapter 7 can eliminate the credit and medical debt. It can also help eliminate debt and reject contracts associated with your business. Even with student loans (which generally cannot be eliminated in bankruptcy except under very rare circumstances), a bankruptcy can be used to eliminate other debts, thereby freeing up money to pay those loans.

Put Yourself Back In Charge Of Your Financial Life

Schedule your free initial consultation with our team by calling 248-350-8220. You can also reach us online.

Recent blogs

Tighter Lending Restrictions Leading to Chapter 11 Bankruptcy in Michigan

Did you know that interest rates move in lockstep with the Fed’s rates? The Fed’s key borrowing rate acts as a benchmark for other loans. So when their rates increase, so do yours. In the past year, existing rates have led to tighter lending restrictions for nearly everyone seeking a loan. For instance, the Fed […]

Variable-Rate Loans Can Impact Michigan Business Bankruptcies

Has your business fallen on hard times? Have you taken out a variable-rate loan to help you through? While a variable-rate loan may seem like a viable solution, it’s important to understand that you’re at the mercy of changing interest rates. And as any Michigan bankruptcy attorney will tell you, an increase in interest rates […]