Millions of Americans have gone through Bankruptcy. It is not shameful. It is not admitting failure. It is a necessary tool to help people who have been burdened with overwhelming debt in a historically difficult economy.

Bankruptcy May Be An Answer For You

Loans, Defaulted Mortgages, lost Jobs, failed Businesses, outrageously high credit card interest – the reasons for debt in the Detroit area are numerous. Contacting Attorney John Hicks to discuss your financial misfortunes may not be the highlight of your day, but it also may be the best decision you can make.

What Are Your Bankruptcy Options?

Some aspects of Bankruptcy are complicated and you will need an attorney to provide you a more in depth explanation, but here’s a roadmap that will help you to prepare for your first meeting:

Chapter 7: Known as a “straight bankruptcy” offers bankruptcy help which focuses on discharging your debt and getting a fresh start. Ultimately, Chapter 7 is a good option for those without significant assets or equity in real estate.

Chapter 13: Often called the “wage earner’s” or “reorganization” bankruptcy offers bankruptcy help which best suited for those who do have sufficient income and/or assets but are unable to meet their debt obligations. Filing for relief under Chapter 13 may benefit you because it stops all collection activities, repossessions and foreclosures and allows people to catch up on past due payments and  keep their homes and vehicles while discharging other unsecured debt. Additionally, it allows you to manage your house and car payments by setting up a payment plan for your house and car, with a discharge of the remaining debts.

Stop struggling to address your debt problems – get fast bankruptcy help by calling (248) 542-1500 and speak directly to Attorney John Hicks for detailed answers to your financial questions.