Seeking A Fresh Start With Chapter 7 Bankruptcy
If you are considering filing for bankruptcy, you may feel like a failure, embarrassed that you couldn’t deal with the debt on your own. In truth, however, bankruptcy is an effective and responsible way to achieve much-needed debt relief. And with the help of the right lawyer, you may be able to minimize the negative impacts while maximizing the positive ones.
I am Richard M. Trost, and I understand that life can present challenges that are difficult to recover from. In my 30 years of practice I have helped hundreds of people in Brighton and the communities of eastern Michigan find a fresh start through the Chapter 7 bankruptcy process, and I can help you do the same.
Bankruptcy Is Not A Criminal Matter
It is a common misconception that bankruptcy is a criminal matter — that you have done something wrong or illegal if you are filing. This is completely false. You are not on trial when you file for bankruptcy. In fact, you will likely only have to appear in court for a brief meeting so a judge can approve your plan, but I will be by your side.
Understanding The Three Step Process
Filing for Chapter 7 bankruptcy is a relatively simple process if you have an experienced bankruptcy attorney by your side. With over three decades of experience, I know how to handle bankruptcy efficiently and effectively.
First, I will assess your income and your debts to make sure you qualify. If you are familiar with your debts and creditors, this process can go fairly quickly. Second, I will help you maximize the number of assets you can keep while still discharging your debts. Finally, I will help ensure your bankruptcy plan is approved by the courts. If all goes as planned, your debts should be eliminated within two to three months and you can finally rest easy.
The Benefits Of Bankruptcy
While discharging your debts is the most obvious benefit of bankruptcy, there are others you may not be aware of, including:
- The automatic stay: When you file for bankruptcy, your creditors are no longer allowed to contact you directly, putting an end to those harassing phone calls.
- Maintaining property: Retirement assets are protected in bankruptcy, and many people are also able to keep their home, cars and other personal belongings.
- A fresh start: Chapter 7 bankruptcy wipes out all unsecured debts, giving you a new start at life.
Get Started With A Free Consultation
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.