Top Detroit, MI Business Bankruptcy Lawyers Near You
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39209 Six Mile Rd., Suite 165, Livonia, MI 48152
Phoenix Law helps Detroit clients with their Business Bankruptcy needs.
28175 Haggerty Rd, 110, Novi, MI 48377
4000 Town Center, Suite 1350, Southfield, MI 48075
660 Woodward Avenue, 2290 First National Building, Detroit, MI 48226
450 West Fourth Street, Royal Oak, MI 48067-2557
30057 Orchard Lake Road, Suite 200, Farmington Hills, MI 48334
33228 West 12 Mile Road, Suite 115, Farmington, MI 48336
400 Renaissance Center, Suite 2600, Detroit, MI 48243
44 1st St, Mount Clemens, MI 48043
10535 Farmington Road, Suite B, Livonia, MI 48150
500 Griswold St, Suite 2300, Detroit, MI 48226
28 W. Adams Ave, Suite 1500, Detroit, MI 48226
39395 West 12 Mile Road, Suite 200, Farmington Hills, MI 48331
500 Woodward Avenue, Suite 4000, Detroit, MI 48226-3425
8900 Thirteen Mile Road, Warren, MI 48093
28455 Southfield Rd, Lathrup Village, MI 48076
10800 West Warren Ave, Suite 220, Dearborn, MI 48126
22845 Sylvan Ave, Flat Rock, MI 48134
31201 Chicago Rd S, Suite C-102, Warren, MI 48093
30665 Northwestern Highway, Suite 200, Farmington, MI 48334
105 Cass Ave, Mount Clemens, MI 48043
30833 Northwestern Hwy Ste 205, Farmington Hills, MI 48334
3910 Telegraph Road, Suite 200, Bloomfield Hills, MI 48302
28400 Northwestern Highway, Suite 200, Southfield, MI 48034
13615 Northline Rd, Southgate, MI 48195
Detroit Business Bankruptcy Information
Lead Counsel independently verifies Business Bankruptcy attorneys in Detroit 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.