Rochester Bankruptcy Attorney Offering Chapter 7, 13, & 11 Bankruptcy and Debt Negotiation Services

People experience financial trouble for many of reasons, usually through no fault of their own. Issues like the loss of a job, unexpected illness, divorce or just the downturn of the economy in general all have the potential to land someone with unmanageable debt. The United States Bankruptcy Code offers people a legal way to deal with overwhelming debt and, contrary to what some may believe, does not mean folks that file  bankruptcy will be penniless and unable to obtain financing for an extended period of time. The best way to determine whether you may be able to benefit from bankruptcy is to discuss your financial situation with a Rochester bankruptcy lawyer as soon as you can.

Helping people through various types of bankruptcy and debt relief options

There is no “one size fits all” solution to financial problems. As a result, people who are having financial problems should talk to an attorney familiar with a variety of debt relief options. The Office of Karen E. Evangelista, PC practices in a variety of areas, including the following:

  • Chapter 7 Bankruptcy – In a Chapter 7 bankruptcy, a debtor’s non-exempt assets are liquidated and the proceeds used to pay off outstanding debts. Most, if not all, unpaid debts that are left over will be discharged, meaning that the debtor is under no legal obligation to pay them back.
  • Chapter 13 Bankruptcy – Chapter 13 bankruptcy is often also referred to as a “reorganization bankruptcy,” as it reorganizes the filer’s debts in such a way as to allow them to make single monthly payments pursuant to a bankruptcy plan that is distributed amongst creditors. As long as the debtor makes these payments, his or her creditors may not engage in collection activity such as repossession or foreclosure.
  • Chapter 11 Bankruptcy – Chapter 11 bankruptcy can help business owners continue to operate while paying back creditors under a reorganization plan.

Being in debt and struggling financially is an uncomfortable situation and is often times unbearable. People who are in debt and who are being harassed by creditors can immediately improve their circumstances by filing for bankruptcy. The moment you file for bankruptcy, you come under the protection of the “automatic stay,” which stops all collection activity against you, including calls, letters, and lawsuits.

Contact A Rochester, Michigan Bankruptcy Attorney Today To Schedule A Consultation Today

Anyone who is experiencing financial hardship due to high levels of debt should discuss their circumstances with an experienced bankruptcy attorney as soon as possible. For many people, filing for bankruptcy can have an immediate and positive impact on their quality of life and represents the first step in a brighter financial future. Michigan attorney Karen Evangelista has over 31 years of experience practicing in all aspects of bankruptcy law and will thoroughly analyze your situation in order to determine the best course of action to take. To schedule a free consultation with Ms. Evangelista, call our office today at 248-923-5949. If you would prefer to send an email, please use our online contact form available here.