Grand Rapids Chapter 7 Bankruptcy Attorney
Chapter 7 Bankruptcy Lawyers In Grand Rapids MI
Chapter 7 bankruptcy can be a good option for people who have a large amount of unsecured debt. A debt is unsecured if it is not backed by any type of collateral. Credit card debt and medical bills are both good examples of unsecured debt. If you are having a hard time keeping up with your payments, or the payments you are making don't seem to make a dent in the amount you owe, you may benefit from a Chapter 7 filing.
At the law office of Kortes, Lykins, Hunting & Jansma, PLLC, our Grand Rapids Chapter 7 bankruptcy lawyers represent clients across western Michigan in all aspects of Chapter 7 bankruptcy. We know that this can be a complex and sometimes overwhelming process for people who have never been through it before. We will walk you through the entire process, from the initial filing through the final discharge, working constantly to get you the fresh start you need.
Understanding the Chapter 7 Process
Many people shy away from filing for Chapter 7 because they wrongly assume that they will lose everything they own. Bankruptcy law was not written to protect your creditors and leave you out on the street with nothing. It was written so that people in financial hardship could move on with their lives free from an unmanageable debt load.
The law allows you to keep certain critical assets that are necessary for you to live a normal life. This is referred to as exempt property. These can include a car, a home, household furnishings, clothing and other property. Under the law, your trustee could take some non-exempt property and sell it to repay your creditors. Most of the time, though, the remaining assets would not sell at auction so you would lose nothing.
Call for a Free Initial Consultation
Contact our office today to discuss Chapter 7 bankruptcy with an attorney. We are available during regular business hours and by appointment evenings and weekends. You can reach us by phone at 616-456-5457 (Free Office Consultation), toll free at 877-378-5541 or via e-mail.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.