Bankruptcy Law Explained
Bankruptcy Attorney Ypsilanti MI – Bankruptcy Lawyer Ypsilanti MI
Chapter 7 bankruptcies are personal liquidations. In most cases, creditors will not receive anything from the person that declares bankruptcy. However, certain debts survive a bankruptcy, such as tax liens, most federal student loans, or money owed due to crimes or intentional torts. Other secured debts, such as mortgages or car loans may survive a bankruptcy if the debtor agrees to reaffirm the debts. Credit counseling is mandatory before the process is started. Generally, the bankruptcy process takes between three and six months to complete.
Primarily serving the cities of Ypsilanti, Ann Arbor, and the counties of Wayne and Washtenaw, although we extend our legal services throughout the State of Michigan.
Call Wolverine Law today at 734.481.8911 or contact us to set up an appointment for a free consultation.