If you're looking for help with financial debt in the Detroit area, you're in the right place. Our law firm is dedicated to offering excellent support for anyone facing issues like overwhelming medical bills, debt, foreclosure, wage garnishment, or creditor harassment.
Dealing with financial stress can be difficult, and if you're having trouble keeping up with your payments, consider filing for bankruptcy as an option. We’re here to guide you through the bankruptcy process, whether you need Chapter 7 or Chapter 13. Plus, you can start the process for no money down. Let us help you find a fresh start!
Reasons to File for Chapter 7
Chapter 7 is a straightforward and cost-effective way to relieve debt. This type of personal bankruptcy allows you to discharge certain types of debt within three to four months after filing. In many cases, Chapter 7 can help eliminate:
- Credit card debt
- Medical debt
- Unsecured personal loans
- Liabilities from lawsuits
Once you file for Chapter 7 bankruptcy, your creditors can no longer contact you or attempt to collect the debt.
Declaring Chapter 13 Bankruptcy
If you have a steady income but feel overwhelmed by debt, filing Chapter 13 in Detroit may be a suitable option for you. This type of bankruptcy allows you to consolidate your debts and reduce your monthly payments, enabling you to gradually repay your debts over the course of three to five years. By restructuring your financial obligations, you can safeguard your assets while working towards achieving debt freedom. By filing for Chapter 13, you can:
- Avoid or reverse car repossession
- Stop foreclosures
- Reorganize tax debt
- Protect valuable assets
What To Expect After Filing For Bankruptcy in Detroit?
Filing for bankruptcy can provide individuals with a critical opportunity to initiate a fresh financial start. One of the primary benefits is the possibility of rebuilding credit and potentially moving toward homeownership in the near future. Typically, within six months of filing for bankruptcy, most negative debts may be removed from your credit report.
This timeframe offers a significant chance for those who have faced financial challenges to improve their credit scores proactively. It is essential for individuals who have struggled with debt to leverage this opportunity effectively. By understanding the implications of bankruptcy, you can take the necessary steps toward achieving financial independence and stability.
Debt Relief Services near Detroit
Creditor Harassment
Are you feeling overwhelmed by unfair harassment from creditors? Know that you are not alone, and the Fair Debt Collection Practices Act (FDCPA) is here to protect you. We understand how stressful this situation can be and we want to help you stand up for your rights. Once a third-party debt collector realizes that you have an attorney representing you, they are obligated to stop contacting you. You deserve peace of mind, and we are committed to supporting you through this challenging time.
Real Estate Closing
For individuals buying or selling a property, our licensed attorneys guarantee a seamless real estate negotiation process from start to finish. We are prepared to assist both buyers and sellers with complete legal representation throughout the transaction's closing. Make sure your real estate affairs are right with the help of DebtErasers.
Loan Modification Negotiation
Loan modification could be an option you didn’t know you had. The purpose of a loan modification is two-fold:
- Reduce your monthly payments to a more affordable amount.
- Defer your mortgage arrears to prevent your home from being at risk of foreclosure.
To ensure your best chance of securing a loan modification, we recommend enlisting the services of our knowledgeable and experienced attorneys at DebtErasers.
Meet Your Detroit Law Team
Eugene Feldman
Managing Partner
Eugene is committed to helping individuals in financial distress. He has helped thousands resolve their debt issues. Eugene works with clients from their initial consultation through discharge.
Roger Leshinsky
Managing Partner
Roger has dedicated the past ten years to providing legal expertise and financial relief to families throughout the Midwest. Roger has helped over 10,000 people discharge millions of dollars of debt and get back on track with their financial goals.
Bankruptcy Law Firm in Detroit
Our Detroit law firm office is conveniently located downtown in the iconic Renaissance Center. We are proud to provide financial advice on bankruptcy to the Detroit community.
At this time, all in-person meetings are by appointment only. Call us to get started on your plan for a debt-free life. Get a free initial consultation when you complete the form!
400 Renaissance Center, Suite 2600
Detroit, MI 48234
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Contact us: (248) 876-9439
No matter what your debt concerns are, we can assist you. Our Detroit location is ready to answer all of your bankruptcy questions.