Ann Arbor Bankruptcy Law Firm

Ypsilanti Law Firm serving Ann Arbor & Washtenaw County

At the law firm of John R. Bailey, we get the results you need in your bankruptcy case. We stop the harassment you are enduring:

When you retain my law firm, I will handle your case personally. Our Ypsilanti bankruptcy law firm, helping clients in Ann Arbor, Ypsilanti, Canton, Plymouth, Saline, Southfield and Wayne offers affordable rates because we understand your difficulties.

Quality legal representation for Chapter 7 bankruptcy

A Chapter 7 bankruptcy filing is a strategy for eliminating debt. We handle Chapter 7 bankruptcy for individuals and small businesses in Michigan.

Michigan and federal bankruptcy exemptions

In a Chapter 7 bankruptcy, certain assets are exempt from liquidation and cannot be taken from you. In Michigan, you can choose between the Michigan exemptions and the federal exemptions. Our Ypsilanti and Ann Arbor bankruptcy attorney, John R. Bailey helps you decide which scenario best fits your needs for your Chapter 7 bankruptcy in Ann Arbor,Ypsilanti and throughout Michigan.

Chapter 13 bankruptcy protection

Our law firm may recommend Chapter 13 bankruptcy as an alternative to Chapter 7 bankruptcy. Chapter 13 is a personal debt reorganization plan which allows you to consolidate and reduce your debts. You typically have a better chance of avoiding foreclosure if you are able to file Chapter 13.

Disposable income

To be approved for Chapter 13 bankruptcy, you must demonstrate that you will be able to pay back your debts under a structured repayment plan. You need to have the following:

• A reliable source of income for three to five years
• Enough money left over to make your payments after covering your basic needs

Debt limits

Chapter 13 qualification also requires that you fall within certain debt limits:

• Unsecured debts of less than $336,900
  • Credit card balances
  • Medical bills
• Secured debts of less than $1,010,650
  • Mortgages
  • Car loans

Whether we help you file a Chapter 7 or a Chapter 13 bankruptcy, our experienced bankruptcy law firm in Ypsilanti, John R. Bailey, will be at your side for your 341 hearing to ensure that your petition is accepted by the bankruptcy court.

Bankruptcy law firm in Ypsilanti

At our law firm, we return your calls promptly and keep you informed about the status of your bankruptcy petition. To schedule a free consultation with an bankruptcy lawyer, please contact The Law Offices of John R. Bailey.  Serving counties of Washtenaw, Wayne, Oakland, Monroe, Lenawee & Livingston.