{"id":2003,"date":"2021-11-25T09:00:52","date_gmt":"2021-11-25T09:00:52","guid":{"rendered":"https:\/\/hsapclaw.com\/?page_id=2003"},"modified":"2023-04-28T06:46:30","modified_gmt":"2023-04-28T06:46:30","slug":"chapter-7-bankruptcy","status":"publish","type":"page","link":"https:\/\/hsapclaw.com\/chapter-7-bankruptcy\/","title":{"rendered":"Chapter 7 Bankruptcy"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-1 fusion-title-text fusion-title-size-two\"><div class=\"title-sep-container title-sep-container-left fusion-no-large-visibility fusion-no-medium-visibility fusion-no-small-visibility\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#e0dede;\"><\/div><\/div><span class=\"awb-title-spacer fusion-no-large-visibility fusion-no-medium-visibility fusion-no-small-visibility\"><\/span><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:42;line-height:1.0;\"><strong>Filing a Chapter 7 in Royal Oak, MI<\/strong><\/h2><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#e0dede;\"><\/div><\/div><\/div><div class=\"fusion-text fusion-text-1\"><p><span style=\"font-weight: 400;\">You may <a href=\"\/8-steps-to-a-bankruptcy-chapter-7-filing\/\">begin a new chapter in your financial life by filing for bankruptcy<\/a>, but only if you file for the sort of bankruptcy claim that is appropriate for your financial circumstances. Your assets and obligations will be assessed and the appropriate filing type determined by our <\/span><a href=\"https:\/\/hsapclaw.com\/\"><span style=\"font-weight: 400;\">team of experienced Royal Oak bankruptcy attorneys <\/span><\/a><span style=\"font-weight: 400;\">at Hammerschmidt Stickradt &amp; Associates.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The following is a comprehensive guide on <a href=\"\/chapter-7-bankruptcy-exemptions\/\">Chapter 7 Bankruptcy<\/a> in Royal Oak, Miami, for your reference. We will cover the following topics:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">What is Chapter 7 Bankruptcy?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Type of <a href=\"\/discharge-most-debts-by-filing-chapter-7-bankruptcy\/\">Debts Eligible for Dismissal After You File for Chapter 7<\/a><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Do You Need to Hire a Bankruptcy Lawyer?\u00a0<\/span><\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-equal-height-columns\" style=\"--link_hover_color: #ffffff;--link_color: #03a9f4;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-padding-top:20px;--awb-padding-right:20px;--awb-padding-bottom:20px;--awb-padding-left:20px;--awb-overflow:hidden;--awb-bg-color:#3dbabc;--awb-bg-color-hover:#3dbabc;--awb-bg-size:cover;--awb-box-shadow:5px 5px 10px 0px rgba(0,0,0,0.52);;--awb-border-radius:20px 20px 20px 20px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-0 fusion_builder_column_inner_3_4 3_4 fusion-three-fourth fusion-column-first\" style=\"--awb-bg-color:#3dbabc;--awb-bg-color-hover:#3dbabc;--awb-bg-size:cover;width:75%;width:calc(75% - ( ( 4% ) * 0.75 ) );margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:#ffffff;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:42;line-height:1.0;\">Seeking Financial Freedom?<\/h2><\/div><div class=\"fusion-title title fusion-title-3 fusion-sep-none fusion-title-text fusion-title-size-six\" style=\"--awb-text-color:#ffffff;--awb-font-size:20px;\"><h6 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:20;--minFontSize:20;line-height:1.2;\">How would you like to wake up not worrying about your creditors or loan balances? Our <a class=\"linkilo_keyword_link  hyperlinks\" href=\"\/bankruptcy-basics\/\"  rel=\"dofollow\" title=\"Michigan Bankruptcy\" data-linkilo-keyword-link=\"linked\">Michigan Bankruptcy<\/a> Attorneys can help you attain new financial freedom! Worried about the cost? We offer payment plans for all budgets and a free credit rebuilding program!<\/h6><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-1 fusion_builder_column_inner_1_4 1_4 fusion-one-fourth fusion-column-last\" style=\"--awb-bg-color:#3dbabc;--awb-bg-color-hover:#3dbabc;--awb-bg-size:cover;width:25%;width:calc(25% - ( ( 4% ) * 0.25 ) );\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><div class=\"fusion-aligncenter\"><a class=\"fusion-button button-flat button-xlarge button-custom fusion-button-default button-1 fusion-button-default-span fusion-button-default-type consultform\" style=\"--button_accent_color:#ffffff;--button_accent_hover_color:#3dbabc;--button_border_hover_color:#333333;--button-border-radius-top-left:10px;--button-border-radius-top-right:10px;--button-border-radius-bottom-right:10px;--button-border-radius-bottom-left:10px;--button_gradient_top_color:#333333;--button_gradient_bottom_color:#333333;--button_gradient_top_color_hover:#ffffff;--button_gradient_bottom_color_hover:#ffffff;--button_text_transform:uppercase;\" target=\"_self\"><span class=\"fusion-button-text\">Get Yours Today!<\/span><\/a><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-2\" style=\"--awb-margin-top:60px;\"><h2><strong>What is Chapter 7 Bankruptcy?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">There are several types of bankruptcy. Chapter 7 is often called the straight bankruptcy process and the most common among all bankruptcy chapters. It allows the debtors to eliminate most of their debts within three to six months from the date of the <a href=\"\/dismissed-bankruptcy-filings\/\">bankruptcy filing<\/a>.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This type of bankruptcy is commonly used by individuals who don\u2019t have enough income to pay back what they owe to their creditors. It pays off most of their unsecured debts through liquidation of assets to help them <a href=\"\/rebuilding-credit\/\">gain a fresh start and rebuild their credit<\/a> in six months. Chapter 7 bankruptcy also provides immediate bankruptcy protection to the debtor once all necessary paperwork has been filed in the United States Bankruptcy Court with the aid of a <\/span><a href=\"https:\/\/hsapclaw.com\/practice-areas\/\"><span style=\"font-weight: 400;\">competent bankruptcy attorney<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><b>Debt Amount Needed to File for Chapter 7 Bankruptcy<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">There is no minimum amount of debt that you should owe to be able to <a href=\"\/a-guide-to-filing-chapter-7-bankruptcy-in-michigan\/\">file for a Chapter 7 bankruptcy<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Does that mean anyone who wants to get out of debt is qualified for Chapter 7?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Short answer \u2013 No.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Not everyone can qualify for a chapter 7 bankruptcy. The United States bankruptcy code would require you to take a two-part means test to determine eligibility.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The first part of the <a href=\"\/how-important-is-the-bankruptcy-means-test-when-declaring-bankruptcy\/\">means test<\/a> determines whether your total family income is lower than the median income. Suppose your monthly payment is higher than the state median. In that case, the court will then proceed to the second part of the test. They will consider your monthly living expenditures, secured debt payments, and allowances for three months to determine if there would be enough disposable income to pay all your debts. When the result of this test shows no disposable income, then you qualify for Chapter 7.<\/span><\/p>\n<\/div><div class=\"fusion-text fusion-text-3\" style=\"--awb-margin-top:60px;\"><h2><b>What to Do When You Qualify for Chapter 7<\/b><\/h2>\n<\/div><ul style=\"--awb-line-height:27.2px;--awb-icon-width:27.2px;--awb-icon-height:27.2px;--awb-icon-margin:11.2px;--awb-content-margin:38.4px;--awb-circlecolor:#3dbabc;--awb-circle-yes-font-size:14.08px;\" class=\"fusion-checklist fusion-checklist-1 fusion-checklist-default type-icons\"><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p><span style=\"font-weight: 400;\">Pay bankruptcy fees, <a href=\"\/bankruptcy-filing-what-are-its-advantages-and-disadvantages\/\">file the correct bankruptcy forms detailing your properties<\/a>, debts, income, and expenses to begin the official bankruptcy proceedings.<\/span><\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p><span style=\"font-weight: 400;\">Complete credit counseling from a court-approved nonprofit credit counselor.<\/span><\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p><span style=\"font-weight: 400;\">Meet with a court-appointed United States bankruptcy trustee. The bankruptcy trustee handles and determines whether your assets can be liquidated and use the money to pay back your creditors.\u00a0<\/span><\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p><span style=\"font-weight: 400;\">File for a bankruptcy exemption if there is personal property you want to save from being liquidated.\u00a0<\/span><\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p><span style=\"font-weight: 400;\">Reaffirm your secured debts. A secured debt is a loan with collateral which the creditor can take when you default. Reaffirming your debt allows you to continue paying for the loan with the same terms or payment plans.<\/span><\/p>\n<\/div><\/li><\/ul><div class=\"fusion-text fusion-text-4 fusion-text-no-margin\" style=\"--awb-margin-top:20px;--awb-margin-bottom:60px;\"><p><span style=\"font-weight: 400;\">Once the court has determined your eligibility, the next thing you need to do would be to hire an exceptional <a class=\"linkilo_keyword_link  hyperlinks\" href=\"\/federal-bankruptcy-exemption\/\"  rel=\"dofollow\" title=\"bankruptcy lawyer\" data-linkilo-keyword-link=\"linked\">bankruptcy lawyer<\/a> from a respected bankruptcy law firm in Michigan. The bankruptcy attorney competent in bankruptcy laws will assist you in the steps of your bankruptcy proceeding, as mentioned above, to attain financial freedom. They can also attend the meetings on your behalf and guide you in filing for motions or objections when necessary.<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-top:20px;--awb-padding-right:20px;--awb-padding-left:20px;--awb-overflow:hidden;--awb-bg-color:#3dbabc;--awb-bg-color-hover:#3dbabc;--awb-bg-size:cover;--awb-border-color:#3dbabc;--awb-border-top:2px;--awb-border-right:2px;--awb-border-bottom:2px;--awb-border-left:2px;--awb-border-style:solid;--awb-border-radius:20px 20px 20px 20px;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-4 fusion-title-center fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:#ffffff;\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#e0dede;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h2 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:42;line-height:1.0;\"><h2 style=\"text-align: center;\"><span style=\"color: #ffffff;\"><strong>Type of Debts Eligible for Dismissal After You File for Chapter 7<\/strong><\/span><\/h2><\/h2><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#e0dede;\"><\/div><\/div><\/div><div class=\"fusion-text fusion-text-5\"><p><span style=\"font-weight: 400; color: #ffffff;\">As mentioned earlier, bankruptcy will not eliminate all debts after a bankruptcy was filed and discharged.\u00a0<\/span><\/p>\n<p><span style=\"color: #ffffff;\"><span style=\"font-weight: 400;\">A bankruptcy petition will <\/span><b>eliminate most of your debts except:<\/b><\/span><\/p>\n<\/div><ul style=\"--awb-iconcolor:#3dbabc;--awb-line-height:27.2px;--awb-icon-width:27.2px;--awb-icon-height:27.2px;--awb-icon-margin:11.2px;--awb-content-margin:38.4px;--awb-circlecolor:#ffffff;--awb-circle-yes-font-size:14.08px;\" class=\"fusion-checklist fusion-checklist-2 fusion-checklist-default type-icons\"><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p><span style=\"font-weight: 400; color: #ffffff;\">Alimony<\/span><\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p><span style=\"font-weight: 400; color: #ffffff;\"><a style=\"color: #ffffff;\" href=\"\/are-child-support-payments-dischargable\/\">Child Support<\/a><\/span><\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p><span style=\"color: #ffffff;\">Payment to an injury you have caused<\/span><\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p><span style=\"font-weight: 400; color: #ffffff;\">Some fines and government debts<\/span><\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p><span style=\"font-weight: 400; color: #ffffff;\">Student loans<\/span><\/p>\n<\/div><\/li><\/ul><div class=\"fusion-text fusion-text-6\" style=\"--awb-margin-top:30px;\"><p><span style=\"color: #ffffff;\"><b>Debts that can be discharged are your :<\/b><\/span><\/p>\n<\/div><ul style=\"--awb-iconcolor:#3dbabc;--awb-line-height:27.2px;--awb-icon-width:27.2px;--awb-icon-height:27.2px;--awb-icon-margin:11.2px;--awb-content-margin:38.4px;--awb-circlecolor:#ffffff;--awb-circle-yes-font-size:14.08px;\" class=\"fusion-checklist fusion-checklist-3 fusion-checklist-default type-icons\"><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p><span style=\"font-weight: 400; color: #ffffff;\">mortgage payment<\/span><\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p><span style=\"font-weight: 400; color: #ffffff;\">car loan<\/span><\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p><span style=\"font-weight: 400; color: #ffffff;\">unsettled medical debts due to large medical bills<\/span><\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p><span style=\"font-weight: 400; color: #ffffff;\">credit card debts<\/span><\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p><span style=\"font-weight: 400; color: #ffffff;\">personal loans<\/span><\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p><span style=\"font-weight: 400; color: #ffffff;\">past due utility bills, and\u00a0<\/span><\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p><span style=\"font-weight: 400; color: #ffffff;\"><a style=\"color: #ffffff;\" href=\"\/how-michigan-wage-garnishment-works\/\">wage garnishments<\/a> (legal withholding of paycheck to pay off a lender).<\/span><\/p>\n<\/div><\/li><\/ul><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-5 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-7\" style=\"--awb-margin-top:60px;\"><h2><b>Benefits of Filing Chapter 7 in Royal Oak, MI<\/b><\/h2>\n<\/div><div class=\"fusion-content-boxes content-boxes columns row fusion-columns-1 fusion-columns-total-3 fusion-content-boxes-1 content-boxes-icon-with-title content-left\" style=\"--awb-title-color:#268e8f;--awb-margin-bottom:0px;--awb-hover-accent-color:#5086b4;--awb-circle-hover-accent-color:#5086b4;--awb-item-margin-bottom:40px;\" data-animationOffset=\"top-into-view\"><div style=\"--awb-backgroundcolor:rgba(255,255,255,0);\" class=\"fusion-column content-box-column content-box-column content-box-column-1 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"border-color:#ffffff;border-width:1px;background-color:#3dbabc;box-sizing:content-box;height:40px;width:40px;line-height:40px;border-radius:50%;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-check fas circle-yes\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"--h2_typography-font-size:25px;--fontSize:25;line-height:1.0;\">Automatic Stay<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\">\n<p><span style=\"font-weight: 400;\">Once you fill out and file a bankruptcy form, the federal court will issue an automatic stay. This stops <\/span><a href=\"https:\/\/hsapclaw.com\/sue-abusive-creditors\/\"><span style=\"font-weight: 400;\">creditor harassment<\/span><\/a><span style=\"font-weight: 400;\"> to collect for debt payment, foreclosures, repossession, and garnishments.<\/span><\/p>\n<\/div><\/div><\/div><div style=\"--awb-backgroundcolor:rgba(255,255,255,0);\" class=\"fusion-column content-box-column content-box-column content-box-column-2 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"border-color:#ffffff;border-width:1px;background-color:#3dbabc;box-sizing:content-box;height:40px;width:40px;line-height:40px;border-radius:50%;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-check fas circle-yes\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"--h2_typography-font-size:25px;--fontSize:25;line-height:1.0;\">Discharged Debts<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\">\n<p><span style=\"font-weight: 400;\">At the end of your bankruptcy case, the court will take off all your legal obligations to pay your qualifying debts.<\/span><\/p>\n<\/div><\/div><\/div><div style=\"--awb-backgroundcolor:rgba(255,255,255,0);\" class=\"fusion-column content-box-column content-box-column content-box-column-3 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"border-color:#ffffff;border-width:1px;background-color:#3dbabc;box-sizing:content-box;height:40px;width:40px;line-height:40px;border-radius:50%;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-check fas circle-yes\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"--h2_typography-font-size:25px;--fontSize:25;line-height:1.0;\">Fresh Start<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\">\n<p><span style=\"font-weight: 400;\">Bankruptcies can hurt your credit a lot, but so does being in debt for a long time. When the bankruptcy proceedings end and most of your qualified debts are eliminated, you can always start to get yourself back on track and <a href=\"\/rebuilding-credit-faster-how-you-can-improve-your-credit-score\/\">rebuild your credit again<\/a>. Yes, a bankruptcy can stay in your record for years, but there are some <a href=\"\/bankruptcy-filing-what-are-its-advantages-and-disadvantages\/\">debtors who filed for bankruptcy and have better credit<\/a> within a few months or a year from being discharged. There is life after bankruptcy.<\/span><\/p>\n<\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><div class=\"fusion-text fusion-text-8\"><h2><b>Can the Court Deny You from Filing for Chapter 7?\u00a0\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">There are several reasons for the court to deny a debtor from successfully filing chapter 7, and some of those reasons are:<\/span><\/p>\n<\/div><ul style=\"--awb-line-height:27.2px;--awb-icon-width:27.2px;--awb-icon-height:27.2px;--awb-icon-margin:11.2px;--awb-content-margin:38.4px;--awb-circlecolor:#3dbabc;--awb-circle-yes-font-size:14.08px;\" class=\"fusion-checklist fusion-checklist-4 fusion-checklist-default type-icons\"><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\"><span style=\"font-weight: 400;\">You have enough income for debt repayment.<\/span><\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p><span style=\"font-weight: 400;\">You\u00a0 have a previous <a href=\"\/chapter-7-bankruptcy-discharge-what-would-likely-be-included\/\">bankruptcy discharge<\/a> \u2013 For you to qualify again, you need to wait eight years from the time the previous discharge was obtained.<\/span><\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\"><span style=\"font-weight: 400;\">The court has determined that you committed bankruptcy fraud. A fraudulent bankruptcy act happens when you conceal assets or lie about your income during a credit application.<\/span><\/div><\/li><\/ul><div class=\"fusion-text fusion-text-9\" style=\"--awb-margin-top:60px;\"><h2><strong>Do You Need to Hire a Bankruptcy Lawyer?\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Absolutely! It is always advisable to seek legal help to <a href=\"\/bankruptcy-filing-what-are-its-advantages-and-disadvantages\/\">protect the assets you wish to keep<\/a> and not commit any grave mistakes while filing for bankruptcy. An experienced Royal Oak, <a class=\"linkilo_keyword_link  hyperlinks\" href=\"\/bankruptcy-basics\/\"  rel=\"dofollow\" title=\"Michigan bankruptcy\" data-linkilo-keyword-link=\"linked\">Michigan bankruptcy<\/a> lawyer who provides bankruptcy services can make your journey easier. Hammerschmidt Stickradt &amp; Associates can help you with both <a href=\"\/chapter-13-bankruptcy\/\">Chapter 7 and Chapter 13 bankruptcy<\/a>. If you think the attorney fees are too expensive, you can always ask first for a <\/span><a href=\"https:\/\/hsapclaw.com\/contact\/\"><span style=\"font-weight: 400;\">free legal consultation<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0\u00a0<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":8,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/hsapclaw.com\/wp-json\/wp\/v2\/pages\/2003"}],"collection":[{"href":"https:\/\/hsapclaw.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/hsapclaw.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/hsapclaw.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/hsapclaw.com\/wp-json\/wp\/v2\/comments?post=2003"}],"version-history":[{"count":12,"href":"https:\/\/hsapclaw.com\/wp-json\/wp\/v2\/pages\/2003\/revisions"}],"predecessor-version":[{"id":4258,"href":"https:\/\/hsapclaw.com\/wp-json\/wp\/v2\/pages\/2003\/revisions\/4258"}],"wp:attachment":[{"href":"https:\/\/hsapclaw.com\/wp-json\/wp\/v2\/media?parent=2003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}