Chapter 7 Bankruptcy

A Bay City Bankruptcy Attorney Can Help

When a person files for bankruptcy, there are two main options available to them: Chapter 7 and Chapter 13. The latter restructures the existing debt to make it easier to pay back, but Chapter 7 allows you to wipe away a large portion of your debt to get a brand new start. If your debt has started to take over your life, the Bay City bankruptcy attorneys at Gower Law PLC may be able to help you get the help you need.

Contact us to find out more about your options and see if Chapter 7 bankruptcy can help you!

Is Chapter 7 Bankruptcy Right for Me?

Before filing for Chapter 7 bankruptcy, it is a good idea to talk to a licensed attorney and find out if it makes financial sense for your situation. We can help determine if filing for Chapter 7 bankruptcy will discharge enough of your debt to be worth the effort, and decide if there is property you would not be willing to risk parting with.

Filing a Chapter 7 bankruptcy requires that you fulfill a few qualifications first:

  • Last bankruptcy filing: Have you filed Chapter 7 bankruptcy within the last 8 years? If so, you may not be eligible to file again.
  • Monthly income: Your income over the six months prior to filing must be less than the state's median income, or you may not be able to file.
  • Monthly disposable income: If you consistently have disposable income every month, a judge may instead have you file Chapter 13 bankruptcy. This will help you to restructure your payment plan and, over five years, pay back your debt.

Contact our Bay City Bankruptcy Attorneys Today

If you are being overwhelmed by looming debt, we may be able to help you get a fresh start and regain financial stability.

The Bay City attorneys at Gower Law PLC can help you to navigate your bankruptcy filing and get you back on your feet. Contact us today at (616) 920-6565 to learn more.