Top Petoskey, MI Bankruptcy Lawyers Near You
406 Bay St, Suite 300, Petoskey, MI 49770
We found a limited number of Bankruptcy law firms in Petoskey. Below are some of the closest additional firms.
2745 DeHoop Ave. SW, Wyoming, MI 49509
Get experienced Bankruptcy help from Dunn, Schouten & Snoap, P.C., a reputable law firm in Petoskey, Michigan.
39209 Six Mile Rd., Suite 165, Livonia, MI 48152
Phoenix Law helps Petoskey clients with their Bankruptcy needs.
700 Towner St, Ypsilanti, MI 48198
Other Nearby Offices
Contact William C Babut PC for experienced Bankruptcy guidance in Petoskey, Michigan.
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121 S. Garfield Ave., Suite D, Traverse City, MI 49686
1001 Bay St, Suite E, Traverse City, MI 49684
504 Ludington St, Escanaba, MI 49829
700 Terrace Point Road, Suite 350, Muskegon, MI 49443-0900
120 W Apple Ave, Muskegon, MI 49440
701 3 Mile Rd NW, Ste B, Grand Rapids, MI 49544
1700 East Beltline NE, Suite 200, Grand Rapids, MI 49525-2076
333 Bridge Street NW, Suite 530, Grand Rapids, MI 49504
333 Bridge Street NW, Suite 1700, Grand Rapids, MI 49504
161 Ottawa Avenue NW, Suite 400, Grand Rapids, MI 49503
200 Ottawa Ave NW, Suite 700, Grand Rapids, MI 49503
Petoskey Bankruptcy Information
Lead Counsel Verified Attorneys in Petoskey
Lead Counsel independently verifies Bankruptcy attorneys in Petoskey and checks their standing with Michigan bar associations.
Our Verification Process and Criteria
Ample Experience
Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
Good Standing
Be in good standing with their bar associations and maintain a clean disciplinary record.
Annual Review
Submit to an annual review to retain their Lead Counsel Verified status.
Client Commitment
Pledge to follow the highest quality client service and ethical standards.
What Is Bankruptcy?
Bankruptcy is a legal process that allows people to get out from under debts that are causing serious financial harm. Through the bankruptcy process, you may be able to get rid of debts like medical bills, credit card bills, and other unsecured debts. Factors such as your income and whether you have assets that you can sell to pay off some of the debts are taken into account when filing for bankruptcy and will determine what happens.
What Happens When I File for Bankruptcy?
When you file for bankruptcy, you will be under a federal bankruptcy court’s supervision and protection. During this time, you, your lawyer, the court, and your creditors will work on a plan for discharging your eligible debts. Collectors will also be unable to repossess property and garnish your wages or bank accounts during this time.
How Much Does It Cost To File for Bankruptcy?
There is no easy answer to this question. The ultimate cost will be a mix of court filing fees and what you owe your attorney for guiding you through the process. What you owe will depend on how complicated your case is and whether there are any prolonged disputes with creditors. Most likely, however, the debt relief that comes with bankruptcy will outweigh any fees.
How Long Does Bankruptcy Stay on Your Credit Report?
A Chapter 7 bankruptcy filing will stay on your credit report for up to 10 years, while a Chapter 13 will remain for up to seven years. A bankruptcy filing will also harm your credit score. However, if you need to file for bankruptcy, it’s likely your score is not that high anyway, and your bankruptcy will give you a chance at a fresh start and time to rebuild your credit score.