Filing Chapter 7 in Michigan is a bankruptcy process which entitles you to a “fresh start” by discharging all your debts and obligations.
Stop Creditor Harassment
If creditors are bothering you at work, harassing your family, friends and neighbors, or calling at all hours, you can put an end to it immediately simply by retaining John L. Hicks & Associates, the bankruptcy attorney in Flint, to represent you. Upon retaining our services, we provide you with a special telephone number so that you can refer your creditors to us. We will keep the creditors off your back, and you can stop paying your creditors immediately.
Eliminate Repossession Debts
After a vehicle finance company repossesses your car they auction it to reduce their loss. You are still responsible for the balance on the car, called a “deficiency balance”. Attorney John Hicks can eliminate your liability for the entire deficiency balance. Remove the risk of lawsuits and garnishments by filing a Chapter 7.
Stop Garnishments With Chapter 7
A Chapter 7 bankruptcy is one of the most effective ways to immediately stop garnishments. Garnishments can diminish your hard-earned income making it nearly impossible for you to afford basic necessities. By filing Chapter 7 bankruptcy and stopping the garnishment, you will be able to use your income for more important necessities in life and start saving for your family’s future.
End Lawsuit/License Suspensions
Michigan allows the state to suspend your license if you failed to maintain liability insurance at the time of the accident. John L. Hicks & Associates can help you get your license reinstated if it is suspended due to an uninsured car accident or unpaid parking tickets. We can also stop lawsuits related to those car accidents.
If you are being sued, and you own a home, we strongly urge you to speak with attorney John Hicks immediately about filing bankruptcy. Chapter 7 or another form of bankruptcy will stop a lawsuit immediately and prevent your creditors from placing a lien on your home or garnishing your hard-earned wages.
Instead of Chapter 7, John can also help you in filing Chapter 13 in Michigan to reduce your car payment and consolidate other debts that you cannot afford to pay.
In a Chapter 13 Bankruptcy, attorney John Hicks will reduce the total amount you pay the finance company so that you only pay the value of the vehicle plus interest. Any money owed to the finance company above that amount can be paid, in most circumstances, at a percentage on the dollar. Even if the car has already been repossessed, we may be able to force the finance company to return the vehicle and then reduce your car payment. Time is of the essence, however, so act now. We can also consolidate any other outstanding bills so that you can pay those debts at a percentage on the dollar as well.
Rebuild Your Credit
One of the most common concerns that we hear from clients has to do with the stigma related to bankruptcy. The stigma against debtors has greatly diminished over the last 20 years, and the ability to reestablish your credit after Chapter 7 or 13 bankruptcies is better than it has ever been before. Chapter 7 can remain on your credit report for up to 10 years ad Chapter 13 up to 7 years, but you can start reestablishing your credit immediately. My clients get their credit report as part of the process with a pre bankruptcy filing score and a 12 month score. I have seen credit scores increase 100 to 150 points just in the 1st 12 months after filing. I recently ran a credit report for a Chapter 7 client and his score was estimated to increase 180 points in the 1st 12 months after filing.
Many of our clients are able to purchase a vehicle on financing the day they receive their bankruptcy discharge. You should be able to finance a home within two years after receiving a bankruptcy discharge, as long as you can provide a minimum down payment and show the ability to make the monthly mortgage payment. Many consumer debtors receive credit card solicitations within months of receiving a bankruptcy discharge.
Keep Your House, Car and Personal Belongings- Reaffirming
Mortgage lenders and automobile finance companies are usually more than happy to keep accepting your current monthly payments both before and after a Chapter 7 bankruptcy. This is called reaffirming your debt. They are in the finance business to make money, not to repossess your property. When the finance company reaffirms the debt, they have the comfort of knowing that you have no other outstanding debts, you cannot file Chapter 7 bankruptcy for another eight years, and they can continue to collect the principal plus interest under the original loan agreements. John L. Hicks & Associates will make all of the arrangements for you to reaffirm your debts on your home, car or other household goods that you are financing. Some credit cards can also be reaffirmed to retain your line of credit after bankruptcy. Although we are happy to arrange reaffirmation agreements on these debts as well, we also caution our clients to avoid getting back into the credit card trap.
Once you have found an experienced bankruptcy attorney with whom you are comfortable, be sure his or her fee is fair. John L. Hicks & Associates provides you with the lowest fees and provides payments to allow you to get the case filed immediately. If you need your case filed quickly due to a garnishment, foreclosure or threat of repossession we can filed your case the same day.
One 5 minute phone call can determine whether you qualify and if so you may be able to have a Chapter 7 or Chapter 13 case filed within hours to stop creditors from collection, garnishment, repossession, shut offs or just general harassment.