Bankruptcy

Sometimes things come up in life that lead to financial challenges. Medical bills, car issues, loss of income, divorce, or the loss of a loved one can derail all your plans. Financial burdens can severely impact other aspects of your life, and handicap your future. When the budget just doesn’t allow you to keep up, and when the creditors start becoming aggressive, it is time to take action. You have rights, and you have options.

At Schmeltzer Law, we have experienced professionals who can help you identify the key issues and design a plan to navigate these financial challenges. If you are facing liens, repossessions, garnishments, foreclosure, or simply dealing with harassment by creditors, we have the tools to get you relief. We offer a variety of services to provide you with a fresh start, and a path to financial peace.

We may be able to assist you to avoid repossession, or to restructure your loans, potentially reducing interest rates, payment amounts, and even reducing the amount you have to pay on the loan. We have tools to help you keep your home, and may even be able to eliminate second mortgages and other encumbrances to your real property. Recent changes have even made relief from student loans more accessible.

We can help you with:

  • Debt negotiation and settlement to avoid Bankruptcy
  • Loan modifications to avoid Bankruptcy
  • Chapter 7 bankruptcy
  • Chapter 13 bankruptcy
  • Credit repair strategies

Bankruptcy

Sometimes things come up in life that lead to financial challenges. Medical bills, car issues, loss of income, divorce, or the loss of a loved one can derail all your plans. Financial burdens can severely impact other aspects of your life, and handicap your future. When the budget just doesn’t allow you to keep up, and when the creditors start becoming aggressive, it is time to take action. You have rights, and you have options.

At Schmeltzer Law, we have experienced professionals who can help you identify the key issues and design a plan to navigate these financial challenges. If you are facing liens, repossessions, garnishments, foreclosure, or simply dealing with harassment by creditors, we have the tools to get you relief. We offer a variety of services to provide you with a fresh start, and a path to financial peace.

We may be able to assist you to avoid repossession, or to restructure your loans, potentially reducing interest rates, payment amounts, and even reducing the amount you have to pay on the loan. We have tools to help you keep your home, and may even be able to eliminate second mortgages and other encumbrances to your real property. Recent changes have even made relief from student loans more accessible.

We can help you with:

  • Debt negotiation and settlement to avoid Bankruptcy
  • Loan modifications to avoid Bankruptcy
  • Chapter 7 bankruptcy
  • Chapter 13 bankruptcy
  • Credit repair strategies

Chapter 7 Bankruptcy

Chapter 7 bankruptcy is designed to be a relatively quick process, giving you a chance to eliminate many of your debts and begin to rebuild. You are allowed to protect many of your key assets, allowing you a true “fresh start”. Assets beyond the limits of protection may be liquidated in the process, and the proceeds used to pay off some of your debts. The remaining debts are discharged, and you can never be asked to pay any portion of them in the future. Your slate has been wiped clean, and you begin the process of rebuilding your credit, without the heavy burden of debt that was holding you back.

Chapter 13 Bankruptcy

If you are facing foreclosure or have assets that need protection, Chapter 13 bankruptcy might be a good fit. In Chapter 13 bankruptcy, the attorneys from Schmeltzer Law will help you build a payment plan to repay some of your debts over time. This allows you to set up a budget for your normal living expenses, and receive assistance from the Trustee to coordinate the repayment. We may be able to help you eliminate second mortgages, or to reduce the amount you owe on other loans, based on the value of the asset.

Debt Negotiation or Settlement

Sometimes you just need a little extra leverage to get a creditor to work with you regarding your debts. You may be able to secure better interest rates, get more favorable repayment terms, or even get some amount of debt forgiven. That is where Schmeltzer Law comes in. Our attorneys are often able to negotiate on your behalf, and convince creditors to accept an offer to resolve issues with repayment of debts.

Schmeltzer Law, your Bankruptcy attorney in Traverse City and Northern Michigan!

Schmeltzer Law is based in Traverse City, Michigan, and practices throughout the state of Michigan.

We are a debt-relief agency under Federal Law, and we provide assistance for individuals, families, and businesses by helping them file for bankruptcy relief under the Bankruptcy Code.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy is designed to be a relatively quick process, giving you a chance to eliminate many of your debts and begin to rebuild. You are allowed to protect many of your key assets, allowing you a true “fresh start”. Assets beyond the limits of protection may be liquidated in the process, and the proceeds used to pay off some of your debts. The remaining debts are discharged, and you can never be asked to pay any portion of them in the future. Your slate has been wiped clean, and you begin the process of rebuilding your credit, without the heavy burden of debt that was holding you back.

Chapter 13 Bankruptcy

If you are facing foreclosure or have assets that need protection, Chapter 13 bankruptcy might be a good fit. In Chapter 13 bankruptcy, the attorneys from Schmeltzer Law will help you build a payment plan to repay some of your debts over time. This allows you to set up a budget for your normal living expenses, and receive assistance from the Trustee to coordinate the repayment. We may be able to help you eliminate second mortgages, or to reduce the amount you owe on other loans, based on the value of the asset.

Debt Negotiation or Settlement

Sometimes you just need a little extra leverage to get a creditor to work with you regarding your debts. You may be able to secure better interest rates, get more favorable repayment terms, or even get some amount of debt forgiven. That is where Schmeltzer Law comes in. Our attorneys are often able to negotiate on your behalf, and convince creditors to accept an offer to resolve issues with repayment of debts.

Schmeltzer Law, your Bankruptcy attorney in Traverse City and Northern Michigan!

Schmeltzer Law is based in Traverse City, Michigan, and practices throughout the state of Michigan.

We are a debt-relief agency under Federal Law, and we provide assistance for individuals, families, and businesses by helping them file for bankruptcy relief under the Bankruptcy Code.