Bankruptcy and Loan Modification

 

     The law firm of Dillon & Dillon, PLC has been serving the Michigan community since 1974. In that time, we’ve seen some good, honest, and hard-working people fall on some hard times, and our bankruptcy attorneys have been honored to help our clients get back on their feet.

 

     Bankruptcy for consumers takes one of two common forms. The bankruptcy forms vary depending on the consumer’s income, debt, assets and equity. In most cases, filing for bankruptcy will allow a person to save a home, car, and the resources necessary to get back on solid financial ground. Bankruptcy might sound like an easy way out, but it isn’t right for everyone. Some types of debt, such as student loans and child support payments, are not discharged by bankruptcy. Also, a bankruptcy can (and usually will) stay on your credit history for ten years, which can make it difficult to obtain more credit.

 

     If you, like so many others, have fallen on hard times and think you have run out of options, call and speak to a bankruptcy attorney at the Plymouth, Michigan law firm of Dillon & Dillon, PLC. We can help you answer the followings: declaring bankruptcy right for you? If so:

 

• What type of bankruptcy?

• What will you gain?

• What will you lose?

• If bankruptcy is the right financial move, how could it impact other areas of your life?

• What are the costs associated with declaring bankruptcy?

• When and how should you proceed?