Chapter 7 Bankruptcy Attorney in Grand Rapids, MI

Chapter 7 Bankruptcy Overview

Chapter 7 Bankruptcy

Chapter 7 bankruptcy allows a person to obtain a fresh start on his or her finances. Unlike Chapter 13 bankruptcy, Chapter 7 seeks to have your debts forgiven or discharged by the court instead of having to repay the amounts in full. While it is not a "get out of jail free card" on your finances, it can provide a significant amount of debt relief.

There are various types of debts that can be forgiven, including:

• Credit card debt
• Hospital bills
• Personal loans
• Payday loans
• Lawsuit judgments

Debts that you owe the government, such as student loans or some types of income taxes, and other obligations, such as child support, cannot be discharged by filing for Chapter 7 bankruptcy. However, by relieving some of the other debts outlined above, you have more financial freedom to protect your assets and property.

For example, without the financial burdens of credit card debt, you can make payments toward your car or mortgage, thus saving your car from repossession or house from foreclosure. Your retirement benefits are also kept intact when filing for Chapter 7 bankruptcy.

Obtain a Fresh Start Today

Stop the harassing phone calls and possible wage garnishment by filing for bankruptcy. Contact me, attorney Michael M. Malinowski, at 888-339-6017 for a free initial consultation on how you can begin relieve your debt. I represent clients in the Grand Rapids, Michigan area.

Areas of Practice

• Bankruptcy Law
• Debtor/Creditor