Category Archives: Understanding Bankruptcy

5 Bankruptcy Questions To Ask Your Attorney Before Filing

Posted on by
Reply

If you think that being bankrupt is the worst thing that could happen to you than think again! Yes you are right…Worst is yet to come, but of course you can control and eliminate that worst scenario by simply making correct decisions! Hiring a wrong attorney for filing your bankruptcy can be like a nightmare coming true!

So it is better that before hiring you do some research and make sure that you find an attorney who could really show you way attorney who could really show you way out from the bankruptcy mess!
Continue reading →

Top 5 Reasons to Hire a Bankruptcy Attorney in Canton Michigan

Posted on by
Reply

If you are considering filing for bankruptcy and don’t know which route to take, the following are the top 5 reasons why it’s best to hire a bankruptcy attorney.

1. Bankruptcy Laws are Complicated: The rules on bankruptcy are varied and complex and knowing the filing timeframe, courtroom procedures, and familiarity with the filing process and bankruptcy rules should be handled by a competent bankruptcy attorney.

2. Choosing the Appropriate Bankruptcy Chapter Filing: Depending on the specifics of your case, which bankruptcy filing is best for your case will require an experienced attorney to explain which personal chapter filing is best for your case.

3. Stop Harassing Creditors: Creditors will stop the harassing calls to you once you hire an attorney. Failure to stop the calls once you’ve hired an attorney violates the Fair Debt Collection Practices Act.

4. Mistakes are avoided: A wrong filing can lead to a case being dismissed and risking an opportunity to file for any kind of bankruptcy. Attaining the appropriate bankruptcy attorney can save you time, money, and avoid any issues from harming your case.

5. Protection from the uncertainty of bankruptcy: Firebaugh and Andrews  will inform you which rights you’re entitled to, and help you identify consumer protection claims.

How to be Debt Free in Westland Michigan Firebaugh and Andrews

Posted on by
Reply

Before you make any decision on bankruptcy you must consider these factors.

Here are some warning signs that you may need to look into bankruptcy protection. If any of these are happening to you, give us a call.

  • Are you getting harassing phone calls and letters from aggressive collection agencies?
  • Are you paying credit cards only to have to use them again to pay for gas and food?
  • Do you have credit card debt that you cannot pay?
  • Do you have medical bills that you cannot pay?
  • Are your debt payments leaving you little to no money to live on?
  • Are you being sued or garnished by creditors?
  • Is your credit report full of collection accounts and bad credit remarks?
  • Is your Westland home in foreclosure?
  • Have you been through a foreclosure or repossession?
  • Did you personally guarantee business debts for a business that has failed?
  • Did you co-sign for a debt that is not being paid?
  • Is it time to walk away from your house?

We offer free consultations for Chapter 7 Bankruptcy,  Chapter 13 Bankruptcy and foreclosure prevention to all Westland residents.

No hassles, no worries, no more debt. Call us today at 734-722-2999

How a Bankruptcy Attorney Can Help You

Posted on by
Reply
Corporations and other businesses are required to declare bankruptcy through an attorney. However, individuals are allowed to represent themselves in bankruptcy proceedings. You may be tempted to declare bankruptcy without a lawyer’s assistance. The process may appear simple. You may wish to avoid involving others in a situation that is already stressful. And obviously, money can be tight during this process. However, there are excellent reasons to ask for an attorney’s advice and assistance during any bankruptcy.

Property That is Exempt From Bankruptcy

Posted on by
Reply
Historically, state law provided the property exemptions available to those seeking bankruptcy protection. However, the bankruptcy code now allows states to choose between the federal exemptions provided in the bankruptcy code or the exemptions provided in state law. Many states have chosen to continue to follow their state law exemptions but a minority of states have decided to adopt the federal exemptions instead.
Common Bankruptcy Exemptions
Some common types of property that are exempt from bankruptcy proceedings include:

Top 5 Reasons to Hire a Bankruptcy Attorney

Posted on by
Reply

If you are considering filing for bankruptcy and don’t know which route to take, the following are the top 5 reasons why it’s best to hire a bankruptcy attorney.

1. Bankruptcy Laws are Complicated: The rules on bankruptcy are varied and complex and knowing the filing timeframe, courtroom procedures, and familiarity with the filing process and bankruptcy rules should be handled by a competent bankruptcy attorney.

2. Choosing the Appropriate Bankruptcy Chapter Filing: Depending on the specifics of your case, which bankruptcy filing is best for your case will require an experienced attorney to explain which personal chapter filing is best for your case.
Continue reading →

What are the Basics of a Chapter 13 bankruptcy?

Posted on by
Reply
With ongoing changes in bankruptcy law, more and more people are finding themselves ineligible for traditional Chapter 7 bankruptcy, or liquidation; as a result, the trend is toward more Chapter 13 bankruptcy filings. By filing Chapter 13 bankruptcy, you are essentially entering into a repayment plan that permits you to repay all or a portion of your debts over a certain time period. Furthermore, filing Chapter 13 bankruptcy generally permits you to keep your assets, which does not always occur in a Chapter 7 bankruptcy. Therefore, if you are a person who has substantial assets, as well as a regular income sufficient to repay all or most of your debts, filing Chapter 13 bankruptcy may be the right step for you.

Understanding Bankrutpcy

Posted on by
Reply

All of us know at least one person who has faced a situation where they had to file a bankruptcy; some of us have faced it ourselves. We understand how difficult the situation is and how it becomes difficult for us to decide how to proceed in a way that will allow us to be able to come out with some benefit. However, we don’t really know enough details to make an informed decision, and that is where F&A Firebaugh Andrews P.L.L.C Bankruptcy Law Firm steps in. The firm has highly knowledgeable lawyers who focus on your need and what will benefit you given your unique circumstances in order to give you the best possible options and provide you with all the help you need. One thing we know about filing a bankruptcy is that there are primarily two codes it can be filed under for most individuals: chapter 7 and chapter 13, however, most of us don’t know how these codes are different and which one applies to which situation. Here’s an insight to these:

Continue reading →