How Do You File For Bankruptcy?

Written by admin on July 23, 2013. Posted in Michigan bankruptcy, Michigan bankruptcy attorney, What happens when you file bankruptcy

Bankruptcy attorney

Many people in debt feel ashamed or humiliated. These feelings only create more problems, usually by encouraging people to hide debt from loved ones and ignore debts until they are overwhelming or even crippling.

Most debtors lack resources or information on filing bankruptcy and are afraid to ask the most pressing question on their minds, “How do I file for bankruptcy?”

Start small. Know these two things before filing for bankruptcy.

1. It Could Be Worse

In 450 BC, Roman law gave collectors the liberty of solving unpaid by selling individuals who did not pay into slavery or even killing them. Guilt may be eating away at you right now, but you are going to live through it.

2. Give Yourself a Break

In the United States, one out of 70 homes will end up filing bankruptcy. And, in 2011, instances of bankruptcy in michigan were as high as 5.64 people filing bankruptcy for every 1,000 residents. That means you are not alone. There is no shortage of people struggling with debt.

Now that you have given yourself the motivational pep talk, you may still be wondering about the practical answers to “How do i file for bankruptcy?”

The most important step is to determine what kind of bankruptcy you will file. No matter what type you file, bankruptcy will not clear you of all debts.

But Chapter 7 gets close. Chapter 7 bankruptcy, preferred by businesses, will forgive just about all debts (excluding child support and taxes).

Chapter 13, however, grants filers a break on debts that will help them rebuild while keeping valuable items and assets.

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Comments (18)

  • Michael Pierce
    March 3, 2014 at 10:25 pm |

    This article isn’t completely unhelpful, but I think admitting that this is only a very brief overview with some preliminary steps would be more honest and more useful. People reading this for in depth advice are going to be disappointed.

  • Jerry Delgado
    April 3, 2014 at 1:19 pm |

    This article isn’t completely unhelpful, but I think admitting that this is only a very brief overview with some preliminary steps would be more honest and more useful. People reading this for in depth advice are going to be disappointed.

  • Naomi Edwards
    May 3, 2014 at 4:33 pm |

    This article isn’t completely unhelpful, but I think admitting that this is only a very brief overview with some preliminary steps would be more honest and more useful. People reading this for in depth advice are going to be disappointed.

  • Lance Arnold
    June 2, 2014 at 4:34 pm |

    This article isn’t completely unhelpful, but I think admitting that this is only a very brief overview with some preliminary steps would be more honest and more useful. People reading this for in depth advice are going to be disappointed.

  • July 2, 2014 at 4:35 pm |

    This article isn’t completely unhelpful, but I think admitting that this is only a very brief overview with some preliminary steps would be more honest and more useful. People reading this for in depth advice are going to be disappointed.

  • August 1, 2014 at 4:36 pm |

    This article isn’t completely unhelpful, but I think admitting that this is only a very brief overview with some preliminary steps would be more honest and more useful. People reading this for in depth advice are going to be disappointed.

  • August 31, 2014 at 4:37 pm |

    This article isn’t completely unhelpful, but I think admitting that this is only a very brief overview with some preliminary steps would be more honest and more useful. People reading this for in depth advice are going to be disappointed.

  • Chalres Hicks
    September 30, 2014 at 4:38 pm |

    This article isn’t completely unhelpful, but I think admitting that this is only a very brief overview with some preliminary steps would be more honest and more useful. People reading this for in depth advice are going to be disappointed.

  • Seth Sullivan
    October 30, 2014 at 4:39 pm |

    This article isn’t completely unhelpful, but I think admitting that this is only a very brief overview with some preliminary steps would be more honest and more useful. People reading this for in depth advice are going to be disappointed.

  • November 29, 2014 at 5:40 pm |

    This article isn’t completely unhelpful, but I think admitting that this is only a very brief overview with some preliminary steps would be more honest and more useful. People reading this for in depth advice are going to be disappointed.

  • December 29, 2014 at 5:41 pm |

    This article isn’t completely unhelpful, but I think admitting that this is only a very brief overview with some preliminary steps would be more honest and more useful. People reading this for in depth advice are going to be disappointed.

  • January 28, 2015 at 5:42 pm |

    This article isn’t completely unhelpful, but I think admitting that this is only a very brief overview with some preliminary steps would be more honest and more useful. People reading this for in depth advice are going to be disappointed.

  • Lewis Hernandez
    February 27, 2015 at 5:43 pm |

    This article isn’t completely unhelpful, but I think admitting that this is only a very brief overview with some preliminary steps would be more honest and more useful. People reading this for in depth advice are going to be disappointed.

  • Gilbert Schmidt
    March 29, 2015 at 4:44 pm |

    This article isn’t completely unhelpful, but I think admitting that this is only a very brief overview with some preliminary steps would be more honest and more useful. People reading this for in depth advice are going to be disappointed.

  • April 28, 2015 at 4:45 pm |

    This article isn’t completely unhelpful, but I think admitting that this is only a very brief overview with some preliminary steps would be more honest and more useful. People reading this for in depth advice are going to be disappointed.

  • Eugene Rose
    May 28, 2015 at 4:45 pm |

    This article isn’t completely unhelpful, but I think admitting that this is only a very brief overview with some preliminary steps would be more honest and more useful. People reading this for in depth advice are going to be disappointed.

  • June 27, 2015 at 4:46 pm |

    This article isn’t completely unhelpful, but I think admitting that this is only a very brief overview with some preliminary steps would be more honest and more useful. People reading this for in depth advice are going to be disappointed.

  • July 27, 2015 at 4:47 pm |

    This article isn’t completely unhelpful, but I think admitting that this is only a very brief overview with some preliminary steps would be more honest and more useful. People reading this for in depth advice are going to be disappointed.

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