Top Ann Arbor, MI Business Bankruptcy Lawyers Near You
39209 Six Mile Rd., Suite 165, Livonia, MI 48152
Phoenix Law helps Ann Arbor clients with their Business Bankruptcy needs.
39395 West 12 Mile Road, Suite 200, Farmington Hills, MI 48331
28455 Southfield Rd, Lathrup Village, MI 48076
350 South Main Street, Suite 300, Ann Arbor, MI 48104
17197 N. Laurel Park Drive, Suite 201, Livonia, MI 48152
4000 Town Center, Suite 1350, Southfield, MI 48075
28175 Haggerty Rd, 110, Novi, MI 48377
33228 West 12 Mile Road, Suite 115, Farmington, MI 48336
31350 Telegraph Rd., Suite 201, Bingham Farms, MI 48025-4366
44 1st St, Mount Clemens, MI 48043
10800 West Warren Ave, Suite 220, Dearborn, MI 48126
10535 Farmington Road, Suite B, Livonia, MI 48150
315 East Eisenhower Parkway, Suite 100, Ann Arbor, MI 48108
30057 Orchard Lake Road, Suite 200, Farmington Hills, MI 48334
2155 Butterfield Drive, Troy, MI 48084
26711 Woodward Ave, Suite 207, Huntington Woods, MI 48070
37085 Grand River Ave, Ste 200, Farmington, MI 48335
29777 Telegraph Rd Ste 2631, Southfield, MI 48034
23938 Research Dr, Suite 300, Farmington Hills, MI 48335
31201 Chicago Rd S, Suite C-102, Warren, MI 48093
30665 Northwestern Highway, Suite 200, Farmington, MI 48334
1900 W. Big Beaver Road, Suite 203, Troy, MI 48084
31000 Telegraph Road, Suite 280, Bingham Farms, MI 48025
26211 Central Park Blvd, Ste 514, Southfield, MI 48076-4161
30833 Northwestern Hwy Ste 205, Farmington Hills, MI 48334
Ann Arbor Business Bankruptcy Information
Lead Counsel Verified Attorneys in Ann Arbor
Lead Counsel independently verifies Business Bankruptcy attorneys in Ann Arbor 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.