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USADEBT > Lansing Office

Lansing Bankruptcy Attorney Chapter 7 & 13

Trusted Filer of Chapter 7 and Chapter 13 Bankruptcy in Lansing, Michigan

Since 1994, USADebt has been helping clients in Lansing, Michigan, navigate their bankruptcy cases. Our experienced team is dedicated to ensuring your paperwork is accurate and submitted on time. We understand the challenges of tough economic times and strive to provide quality legal services at affordable rates.

 

Whether you're exploring relief through Chapter 7 or Chapter 13 bankruptcy for overwhelming debt, we're here to support you. Our knowledgeable team is well-versed in bankruptcy laws, working to maximize the benefits of your case. We make it a priority to keep you informed throughout the process for the best possible outcome.

 

You can rely on our experienced staff to guide you, offering insights into your options and assisting you in making informed decisions about your financial future. We are committed to understanding your rights, providing personalized advice, and helping you achieve your individual goals.

A Bankruptcy and Debt Relief Agency That Delivers

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

If you’re burdened by substantial debt in Lansing, Michigan, considering a Chapter 7 bankruptcy might offer a viable solution. In Chapter 7, a substantial portion of your unsecured debts can be completely discharged, eliminating the need for repayment.

This process, commonly known as liquidation bankruptcy, involves selling specific assets to meet creditor obligations. In 2022, the average duration for completing a Chapter 7 bankruptcy case in Michigan was 4 months.

If Chapter 7 isn’t practical due to income or eligibility concerns, selecting Chapter 13 bankruptcy in Lansing, Michigan, may be a fitting alternative. This type of bankruptcy permits the reorganization of your debts into a well-structured repayment plan, providing you three to five years to settle your obligations gradually.

 

Opting for Chapter 13 bankruptcy enables you to retain all your property and assets while adhering to a payment schedule customized to your preferences. Our Muskegon bankruptcy attorney can assess your situation and determine if Chapter 13 is the appropriate choice for you.

Considering specific financial situations, opting for bankruptcy may not be the most suitable solution to address overwhelming debt. Depending on your unique financial circumstances, exploring alternative options is important before deciding on bankruptcy.

Credit Counseling: Opting for credit counseling entails collaborating with a qualified credit counselor to create a budget and formulate a repayment plan with your creditors. The primary objective is to enhance your financial situation, potentially steering you away from bankruptcy and other debt-relief options.

Debt Consolidation: Another viable choice is debt consolidation, which involves securing a loan to pay off existing debts. This method consolidates multiple debts into one manageable monthly payment, simplifying the process and providing a more structured repayment plan.

Debt Settlement: Diving into debt settlement offers a potential avenue to reduce your total debt. A negotiation attorney, proficient in the process, can advocate on your behalf, engaging with creditors to seek a reduction in the overall debt burden.

Debt Management: Consider debt management as an alternative to restore financial order. This approach involves working closely with a credit counselor to devise a comprehensive plan for debt management and budgeting within your financial means. The counselor can also assist in negotiating more favorable terms with creditors and aid in improving your credit score.

Alternatives to Bankruptcy: Exploring various options other than bankruptcy is important to reduce debt and enhance your overall financial standing. This may involve investigating options such as obtaining a debt consolidation loan, negotiating with creditors, or seeking assistance from a nonprofit credit counseling agency.

Our Lansing Bankruptcy Attorney is ready to provide guidance tailored to your unique situation, helping you decide on the most appropriate course of action for your financial well-being.

If you’re burdened by substantial debt in Lansing, Michigan, considering a Chapter 7 bankruptcy might offer a viable solution. In Chapter 7, a substantial portion of your unsecured debts can be completely discharged, eliminating the need for repayment.

This process, commonly known as liquidation bankruptcy, involves selling specific assets to meet creditor obligations. In 2022, the average duration for completing a Chapter 7 bankruptcy case in Michigan was 4 months.

If Chapter 7 isn’t practical due to income or eligibility concerns, selecting Chapter 13 bankruptcy in Lansing, Michigan, may be a fitting alternative. This type of bankruptcy permits the reorganization of your debts into a well-structured repayment plan, providing you three to five years to settle your obligations gradually.

 

Opting for Chapter 13 bankruptcy enables you to retain all your property and assets while adhering to a payment schedule customized to your preferences. Our Muskegon bankruptcy attorney can assess your situation and determine if Chapter 13 is the appropriate choice for you.

Considering specific financial situations, opting for bankruptcy may not be the most suitable solution to address overwhelming debt. Depending on your unique financial circumstances, exploring alternative options is important before deciding on bankruptcy.

Credit Counseling: Opting for credit counseling entails collaborating with a qualified credit counselor to create a budget and formulate a repayment plan with your creditors. The primary objective is to enhance your financial situation, potentially steering you away from bankruptcy and other debt-relief options.

Debt Consolidation: Another viable choice is debt consolidation, which involves securing a loan to pay off existing debts. This method consolidates multiple debts into one manageable monthly payment, simplifying the process and providing a more structured repayment plan.

Debt Settlement: Diving into debt settlement offers a potential avenue to reduce your total debt. A negotiation attorney, proficient in the process, can advocate on your behalf, engaging with creditors to seek a reduction in the overall debt burden.

Debt Management: Consider debt management as an alternative to restore financial order. This approach involves working closely with a credit counselor to devise a comprehensive plan for debt management and budgeting within your financial means. The counselor can also assist in negotiating more favorable terms with creditors and aid in improving your credit score.

Alternatives to Bankruptcy: Exploring various options other than bankruptcy is important to reduce debt and enhance your overall financial standing. This may involve investigating options such as obtaining a debt consolidation loan, negotiating with creditors, or seeking assistance from a nonprofit credit counseling agency.

Our Lansing Bankruptcy Attorney is ready to provide guidance tailored to your unique situation, helping you decide on the most appropriate course of action for your financial well-being.

The Cost of an Attorney

To start the Chapter 7 bankruptcy process in Lansing, a filing fee of $338 is required. Make sure to budget accordingly, considering attorney fees.

For Chapter 13 bankruptcy filing in Lansing, the fee is $313. It is important to budget appropriately, factoring in the associated attorney fees.

Sources of Debt In Lansing, Michigan

Examining what contributes to bankruptcy in Lansing, Michigan, there are various sources of debt: 

Mortgage Debt: A major cause of bankruptcy cases in Lansing, Michigan, mortgage debt poses challenges for homeowners struggling with payments amid economic uncertainties and unemployment.

Medical Bills:

Credit Cards: Surged by the pandemic, credit card debt in Michigan has surged, averaging $5,265 and playing a significant role in triggering bankruptcy filings.[2]

Student Loans:

Medical Bills: A primary cause of bankruptcies in the US, medical expenses directly contribute to an astonishing 66.5% of filings.[3]

Student Loans: Reflecting an upward trend, student loan debt averages $37,338 for individuals navigating bankruptcy proceedings.[4]

Personal Loans: Generally eligible for discharge in bankruptcy, personal loans, including unsecured debts, find resolution in Chapter 7 filings.

Delinquent Taxes: While not dischargeable, delinquent taxes significantly contribute to the overall debt burden in Michigan bankruptcies.[5]

Overspending:

Overspending: With the rise of online shopping and easy access to credit, overspending is a common cause of bankruptcy in Lansing. Implementing a budget becomes important to curtail spending habits and prevent falling into a financial hole.

Mortgage Debt: A major cause of bankruptcy cases in Lansing, Michigan, mortgage debt poses challenges for homeowners struggling with payments amid economic uncertainties and unemployment.

Medical Bills:

Credit Cards: Surged by the pandemic, credit card debt in Michigan has surged, averaging $5,265 and playing a significant role in triggering bankruptcy filings.[2]

Student Loans:

Medical Bills: A primary cause of bankruptcies in the US, medical expenses directly contribute to an astonishing 66.5% of filings.[3]

Student Loans: Reflecting an upward trend, student loan debt averages $37,338 for individuals navigating bankruptcy proceedings.[4]

Personal Loans: Generally eligible for discharge in bankruptcy, personal loans, including unsecured debts, find resolution in Chapter 7 filings.

Delinquent Taxes: While not dischargeable, delinquent taxes significantly contribute to the overall debt burden in Michigan bankruptcies.[5]

Overspending:

Overspending: With the rise of online shopping and easy access to credit, overspending is a common cause of bankruptcy in Lansing. Implementing a budget becomes important to curtail spending habits and prevent falling into a financial hole.

Protection Against Creditors

If you're struggling with finances in Lansing, Michigan, it's time to act. Finances can be tough, but understanding your rights and finding ways to deal with debt is mandatory.

Filing for bankruptcy is one option to shield yourself from creditors. It puts a pause on creditors in Lansing collecting debts.

Our knowledgeable Lansing bankruptcy attorneys can help you explore your options and determine if bankruptcy is right for you. 

Contact Our Lansing Bankruptcy Attorney Today

Serving Our Community for 65 Years With a Proven Track Record of Success

Our skilled bankruptcy attorney is here to assist if you're seeking solutions to decrease your debt and enhance your financial situation in Lansing, Michigan.

Recognizing the challenges of financial hardships, we'll collaborate with you to identify the best solution for your situation. Reach out today to schedule a free consultation.

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Lansing Office

115 W. Allegan Ste. 700
Lansing, MI 48933
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(517) 833-4968

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