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USADEBT > Grand Rapids Office

Grand Rapids Bankruptcy Attorneys Chapter 7 & 13

Trusted Filer of Chapter 7 and Chapter 13 Bankruptcy in Grand Rapids, Michigan

USADebt has been helping clients all over Grand Rapids, Michigan, with their bankruptcy cases since 1994. Our experienced staff and attorneys will work diligently to help you make sure that all your paperwork is done correctly and in a timely manner. We understand the difficult economic times that you are going through, which is why it is our goal to provide our clients with quality legal services at an affordable rate.

 

We provide assistance for individuals who are seeking relief from overwhelming debt through the filing of a Chapter 7 or Chapter 13 bankruptcy. Our firm is familiar with all bankruptcy laws and will do our best to make sure that you are able to get the most out of your case. We strive to make sure that you are informed throughout the entire process and ensure that you receive the best possible outcome.

 

Our experienced staff will help you understand all of your options and guide you through the process. We are committed to helping our clients make wise decisions about their financial future. We will help you understand your rights under the law and offer you honest advice that is tailored to meet your individual needs and goals. 

A Debt Relief and Bankruptcy Law Firm That Delivers

Wipe Out Debt, Keep Your Property, and Rebuild Your Credit

If you’re struggling with overwhelming debt, filing for Chapter 7 bankruptcy in Grand Rapids, Michigan, maybe the best solution for you. Under Chapter 7 bankruptcy, most of your unsecured debts can be eliminated completely and without repayment. This type of bankruptcy is also known as liquidation bankruptcy because it involves liquidating certain assets to pay off creditors.

If you’re considering filing for Chapter 7 bankruptcy in Grand Rapids, Michigan, it’s important to understand the process and hire an experienced attorney who can help you navigate the complexities of the law.

If you’re unable to qualify for Chapter 7 because of income restrictions or other eligibility issues, filing for Chapter 13 bankruptcy in Grand Rapids, Michigan, maybe the right solution. Under Chapter 13 bankruptcy, your debts are reorganized into a manageable repayment plan that is designed to give you time to pay off what you owe over a period of three to five years.

When you file for Chapter 13 bankruptcy, you’ll have the advantage of keeping all of your property and assets while making payments on a schedule that works for you. Our Grand Rapids bankruptcy attorney can evaluate your situation and help determine if Chapter 13 is right for you. 

In some cases, filing for bankruptcy may not be the best option for dealing with overwhelming debt. Depending on your financial situation, there are other options you can consider before deciding to file for bankruptcy.

Debt Settlement: Debt settlement is an option that could help you reduce the amount of debt you owe. With this option, a skilled negotiation attorney works on your behalf to negotiate with creditors to reduce the total amount of debt you owe.

Debt Consolidation: Debt consolidation is another option that can help you manage your debt. This involves taking out a loan to pay off your existing debts and then consolidating them into one monthly payment. This means fewer bills to keep track of and a more manageable repayment plan.

Credit Counseling: Credit counseling is a debt relief option that involves working with a qualified credit counselor who can help you create a budget and work out a repayment plan with your creditors. The goal of credit counseling is to help you improve your financial situation so that you can avoid bankruptcy and other debt-relief options.

Debt Management: Debt management can be another option for getting your finances in order. This involves working with a credit counselor to develop a plan for managing debt and creating a budget that fits within your means. The counselor can also help you negotiate better terms with creditors and work on improving your credit score.

Alternatives to Bankruptcy: Alternatives to bankruptcy can also be explored to help you reduce debt and improve your financial situation. This could include seeking out a debt consolidation loan, negotiating with creditors, or working with a nonprofit credit counseling agency.

Our Grand Rapids Bankruptcy Attorney Can Help You Decide What’s Right for You!

If you’re struggling with overwhelming debt, filing for Chapter 7 bankruptcy in Grand Rapids, Michigan, maybe the best solution for you. Under Chapter 7 bankruptcy, most of your unsecured debts can be eliminated completely and without repayment. This type of bankruptcy is also known as liquidation bankruptcy because it involves liquidating certain assets to pay off creditors.

If you’re considering filing for Chapter 7 bankruptcy in Grand Rapids, Michigan, it’s important to understand the process and hire an experienced attorney who can help you navigate the complexities of the law.

If you’re unable to qualify for Chapter 7 because of income restrictions or other eligibility issues, filing for Chapter 13 bankruptcy in Grand Rapids, Michigan, maybe the right solution. Under Chapter 13 bankruptcy, your debts are reorganized into a manageable repayment plan that is designed to give you time to pay off what you owe over a period of three to five years.

When you file for Chapter 13 bankruptcy, you’ll have the advantage of keeping all of your property and assets while making payments on a schedule that works for you. Our Grand Rapids bankruptcy attorney can evaluate your situation and help determine if Chapter 13 is right for you. 

In some cases, filing for bankruptcy may not be the best option for dealing with overwhelming debt. Depending on your financial situation, there are other options you can consider before deciding to file for bankruptcy.

Debt Settlement: Debt settlement is an option that could help you reduce the amount of debt you owe. With this option, a skilled negotiation attorney works on your behalf to negotiate with creditors to reduce the total amount of debt you owe.

Debt Consolidation: Debt consolidation is another option that can help you manage your debt. This involves taking out a loan to pay off your existing debts and then consolidating them into one monthly payment. This means fewer bills to keep track of and a more manageable repayment plan.

Credit Counseling: Credit counseling is a debt relief option that involves working with a qualified credit counselor who can help you create a budget and work out a repayment plan with your creditors. The goal of credit counseling is to help you improve your financial situation so that you can avoid bankruptcy and other debt-relief options.

Debt Management: Debt management can be another option for getting your finances in order. This involves working with a credit counselor to develop a plan for managing debt and creating a budget that fits within your means. The counselor can also help you negotiate better terms with creditors and work on improving your credit score.

Alternatives to Bankruptcy: Alternatives to bankruptcy can also be explored to help you reduce debt and improve your financial situation. This could include seeking out a debt consolidation loan, negotiating with creditors, or working with a nonprofit credit counseling agency.

Our Grand Rapids Bankruptcy Attorney Can Help You Decide What’s Right for You!

The Cost of an Attorney

The cost to file Chapter 7 bankruptcy in Michigan is $338.

The cost to file Chapter 13 bankruptcy in Michigan is $313.

Be sure to budget appropriately for attorney fees.

Sources of Debt In Grand Rapids, Michigan

Debt is a major factor for anyone who is looking to file for bankruptcy in Grand Rapids, Michigan. Common sources of debt include:
Credit Cards:

As a result of the pandemic, credit card debt in Michigan has been on the rise. The average credit card debt is $5,265, which is one of the major reasons for bankruptcy filings. [1]

Medical Bills:

A staggering 66.5% of bankruptcies filed in the US are caused directly by medical expenses, making it the leading cause of bankruptcy. [2]

Student Loans:

Student loan debt has been on the rise as well, with an average student loan debt of $37,338 for those filing for bankruptcy.[3]

Personal Loans:
Personal loans are typically eligible for discharge in bankruptcy. In a Chapter 7 bankruptcy, most forms of debt, including unsecured debts, can be discharged.
Delinquent Taxes:

While taxes are not dischargeable in a bankruptcy filing, they contribute significantly to the total debt of those filing for bankruptcy. In Michigan, delinquent taxes are one of the leading causes of bankruptcies.[4]

Mortgage Debt:
Mortgage debt is a major cause of bankruptcy in Grand Rapids, Michigan. Many homeowners are struggling to keep up with their mortgage payments due to unemployment and other economic factors.
Overspending:
Overspending is a common cause of bankruptcy in Grand Rapids, Michigan. With the rise of online shopping and easy access to credit, it can be easy to overspend and find yourself deep in debt. A budget can help to keep your spending habits in check and prevent you from falling into a financial hole. If you are considering filing for bankruptcy in Grand Rapids, Michigan, it is important to understand all your options and the consequences of each option. An experienced Grand Rapids bankruptcy attorney can help you make an informed decision about the best path forward for your financial situation.

Credit Cards:

As a result of the pandemic, credit card debt in Michigan has been on the rise. The average credit card debt is $5,265, which is one of the major reasons for bankruptcy filings. [1]

Medical Bills:

A staggering 66.5% of bankruptcies filed in the US are caused directly by medical expenses, making it the leading cause of bankruptcy. [2]

Student Loans:

Student loan debt has been on the rise as well, with an average student loan debt of $37,338 for those filing for bankruptcy.[3]

Personal Loans:
Personal loans are typically eligible for discharge in bankruptcy. In a Chapter 7 bankruptcy, most forms of debt, including unsecured debts, can be discharged.

Delinquent Taxes:

While taxes are not dischargeable in a bankruptcy filing, they contribute significantly to the total debt of those filing for bankruptcy. In Michigan, delinquent taxes are one of the leading causes of bankruptcies.[4]

Mortgage Debt:
Mortgage debt is a major cause of bankruptcy in Grand Rapids, Michigan. Many homeowners are struggling to keep up with their mortgage payments due to unemployment and other economic factors.

Overspending:
Overspending is a common cause of bankruptcy in Grand Rapids, Michigan. With the rise of online shopping and easy access to credit, it can be easy to overspend and find yourself deep in debt. A budget can help to keep your spending habits in check and prevent you from falling into a financial hole. If you are considering filing for bankruptcy in Grand Rapids, Michigan, it is important to understand all your options and the consequences of each option. An experienced Grand Rapids bankruptcy attorney can help you make an informed decision about the best path forward for your financial situation.

Protect Yourself from Creditors

If you have been struggling to make ends meet and live in Grand Rapids, Michigan, then the time to act is now. Finances can be a difficult and overwhelming topic to tackle, but it is important to know your rights and understand the options available to get out of debt.

 

One way to protect yourself from creditors is by filing for bankruptcy. This will provide you with an automatic stay, which stops all creditors from collecting on any debts owed in Grand Rapids, Michigan. An experienced Grand Rapids bankruptcy attorney will be able to explain your options and help you determine if filing for bankruptcy is the right move for you. 

Contact Our Grand Rapids Bankruptcy Attorney Today With Over 65 Years of Experience, We Have a Proven Track Record of Success

If you are looking to find ways to reduce your debt and improve your financial situation in Grand Rapids, Michigan, then our experienced Grand Rapids bankruptcy attorney can help. We understand that financial hardships can be overwhelming and stressful, so we will work with you to find the best solution for your situation. Contact us today to schedule a free consultation.
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701 3 Mile Road NW Ste B
Grand Rapids, MI 49544
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(616) 784-1700

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