Phone Number:  (517) 347-6700 

Address: 2160 Hamilton Rd.  Okemos, MI  48864

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Click the image below to get the direction to our office!)

]]> Location

Phone Number:  (517) 347-6700 

Address: 2160 Hamilton Rd.  Okemos, MI  48864

Google Map

Click the image below to get the direction to our office!)

]]> http://www.lansinglawyer.com/location-post/feed/ 0 http://www.lansinglawyer.com/contact/ http://www.lansinglawyer.com/contact/#comments Sun, 10 Jul 2011 05:48:06 +0000 Gene Turnwald http://www.lansinglawyer.com/?p=77 Click here to read more..

My goal is to put people’s fears to rest.  Entering into any kind of legal action can be a scary undertaking, especially if you are trying to go through it alone.

Call Us today to reserve a Free consultation by using this special code:  ONLINE0710

Phone Number:  (517) 347-6700 

Fax: (517) 347-6716

Or use the form below

Our Loaction
Main office: 2160 Hamilton Rd.  Okemos, MI  48864

(Click the image below to get the direction to our office!)

• Stop harassing phone calls
• Stop car repossession
• Stop wage garnishments
• Stop foreclosure
• Eliminate credit card debt and medical bills

Chapter 7 Bankruptcy. Under this chapter of the Michigan Bankruptcy Code, you may keep all exempt assets and discharge all debt.

Chapter 13 Bankruptcy. Under this chapter of Michigan Bankruptcy Code, you may keep all assets, make payments to slowly catch up on late payments (whether home or auto,) and still be able to discharge a percentage of debts for credit cards or medical bills.

Chapter 11 Bankruptcy, under which a business restructures debt, discharges some, and reorganizes a payment plan for the balance of the business debt.

Sometimes, however, bankruptcy is not the answer. The best solution may be to have us negotiate directly with your creditors, for a reduced amount, a debt consolidation or repayment plan you can live with. Lansing, Michigan, bankruptcy attorney Gene Turnwald, P.C., will analyze what is the best solution for your financial situation.

Michigan Bankruptcy Types (More Info)

Your Michigan bankruptcy attorney will help you decide which bankruptcy type (chapter) is right for you. Here is a brief description of each of the different types of bankruptcies:

Chapter 7 Bankruptcy – Liquidations

In Michigan, the purpose of a Chapter 7 bankruptcy is to allow a person to obtain a fresh start, free from creditors and free from the pressures of over-whelming debt. After filing for relief, an individual debtor may receive a discharge of debts.

A discharge permanently prohibits creditors from attempting to collect those debts listed by the debtor on the bankruptcy schedules. However, some debts are non-dischargeable. They include certain taxes, student loans, alimony, and child support to name just a few.

You are allowed to keep any assets (example mortgages, car payments) you choose as long as you can continue to make regular monthly payments.

Lansing Michigan Bankruptcy court filing fee: $299.00 (price subject to change)

Michigan Chapter 11 Bankruptcy – Reorganizations

The purpose of a Michigan Chapter 11 bankruptcy is to allow an individual or business a limited amount of time free from creditor’s collection efforts to restructure its financial obligations so it may continue to operate in a normal fashion under a court approved plan of reorganization. Creditors of a business filing a Michigan Chapter 11 bankruptcy vote on the repayment plan and the plan must be approved by the court. The advantage of Chapter 11 bankruptcy is if a trustee is not appointed, the individual or business maintains control of its property during the bankruptcy and allow time to deal with creditors and to negotiate a plan of repayment.

Chapter 11 bankruptcy in Michigan is normally for corporations and businesses but individuals may also file Chapter 11 bankruptcy. Chapter 11 bankruptcy is complicated there may be advantages to filing under a different chapter. An individual should consult with a Michigan bankruptcy attorney before making the decision to file Chapter 11 bankruptcy.

Lansing Michigan Bankruptcy court filing fee: $1039.00 (price subject to change)

Chapter 12 Bankruptcy– Family Farmer Debt Adjustment

The Chapter 12 bankruptcy law was created to help family farmers who need to reorganize their debts while keeping their land and farming business. Chapter 12 is meant to assist farmers who have potential to reorganize and to allow them relief from a heavy debt burden, while at the same time allow farmers to pay their creditors what is deemed reasonable under the terms of a court approved repayment plan.

For Michigan, the rules of a Chapter 12 bankruptcy are modeled closely after those of a Chapter 13 bankruptcy. A Chapter 12 bankruptcy case may only be filed by certain family farmers and businesses. A trustee is appointed, but the farmer usually remains in possession of the farm while formulating a plan.

Lansing Michigan Bankruptcy court filing fee: $239.00 (price subject to change)

Chapter 13 Bankruptcy– Individual Wage Earner

The purpose of a Michigan Chapter 13 bankruptcy is to allow an individual debtor with a regular income pay back debts using their income and enabling a debtor to keep certain assets. A person who operates a small business as a sole proprietor may also file under this chapter.

Under a Michigan Chapter 13 bankruptcy filing, the debtor must promptly file a repayment plan and obtain the court’s approval of the plan. Any creditor may object to the plan. The debtor, along with the appointed trustee, must work out any objections to the plan before the court will approve it. The typical repayment period of a Chapter 13 bankruptcy is 3 to 5 years. The debtor makes regular payments to the trustee and the trustee distributes these monies to creditors according to the terms of the plan.

After completion of the plan, the debtor’s debts are discharged (with some exceptions) and the debtor is no longer obligated to pay them.

Lansing Michigan Bankruptcy court filing fee: $274.00 (price subject to change)

Common Michigan Bankruptcy Definitions

• Bankruptcy – A legal proceeding in federal court in which an individual or company may be released (or “discharged”) from all or a portion of their debts.
• Debtor – The person or company filing bankruptcy.
• Trustee – A person who administers a debtor’s estate. A trustee is always appointed in a chapter 7, 13, or 12 bankruptcy. A trustee may be appointed in a chapter 11 case.
• Creditor – The people or companies to whom a debtor owes money or property. Creditors have claims against the debtor.
• Proof of Claim – A proof of claim is a written statement filed with the court describing the debt that a creditor claims the debtor may owe them.

For a free bankruptcy consultation, call Lansing Michigan bankruptcy attorney, Gene Turnwald at (517) 347-6700