Consumer Bankruptcy

Call (313) for a free consultation.

  • Are you having trouble paying your bills?
  • Have you been taking money out of your 401K or IRA?
  • Have your wages, bank accounts, or tax refunds been garnished?

Now more than ever people are going through rough financial times.  They are seeing rising costs in living expenses and healthcare.  People are experiencing rising debt through no fault of their own. 

There are two types of consumer bankruptcy:  Chapter 7 and Chapter 13.  Chapter 7 is called Liquidation or Straight Bankruptcy.   In Chapter 7, all unsecured debts are discharged and the debtor is allowed to exempt a specfied amount of assets, which may include his/her home, car, bank accounts, tax returns, and other assets.  The debtor must undergo the Means Test to determine if he/she qualifies for Chapter 7 Bankruptcy.  Chapter 13 is called Reorganization.  It is a process of restructuring debts to allow the debtor to use future income to pay his/her creditors a portion of the debt owed over a 3 or 5 year period.   The debtor must undergo the Means Test to determine if he/she qualifies for Chapter 13 Bankruptcy.  All debtors must participate in credit counseling and debtor education courses.

If you feel that you cannot escape from overwhelming and increasing debt.                           Call (313) 920-6091.   I will assist you to obtain relief through bankruptcy and provide you with a fresh start debt free.

 

 

NOTICE:  Jane F. Rusin Law, PLLC is a federally designated debt relief agency under the United States Bankruptcy Code.  We help people file for bankruptcy relief under the bankruptcy code.

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