Explore Our Legal Services for Financial Relief
At the Law Office of Michael J. Graml, we offer tailored solutions to help you navigate financial difficulties. Our expertise in Chapter 7 and Chapter 13 bankruptcy ensures that you receive the guidance needed to make informed decisions.
Chapter 7: A Fresh Start
- Are unable to pay their debts within five years.
- Face foreclosure or repossession.
- Have experienced financial setbacks such as job loss, divorce, or illness.
Our team will assess your situation to determine if you qualify and guide you through every step of the process.
Chapter 13: Reorganize and Rebuild
- Stopping foreclosure proceedings.
- Consolidating debts into one manageable payment plan.
- Eliminating late fees and interest accumulation.
If you have a steady income and wish to protect your home or car, Chapter 13 might be the right choice for you.
Comprehensive Debt Relief Services
- Stopping creditor harassment.
- Preventing wage garnishments.
- Offering guidance on alternatives to bankruptcy.
FAQs
Find answers to your questions about bankruptcy and legal services. Our goal is to provide clarity and support during challenging times.
Chapter 7 bankruptcy allows individuals to eliminate most of their unsecured debts, providing a fresh financial start.
Chapter 13 bankruptcy is a process that protects individuals who are overwhelmed with debt but who have sufficient income to make full or partial repayment to their creditors. Also called reorganization bankruptcy, Chapter 13 calls for making monthly payments for three or five years, after which many outstanding debts are canceled.
The bankruptcy process can take anywhere from three to six months, depending on the complexity of your case.
Not necessarily. Many individuals can keep their property, especially if it is exempt under state law.
Most unsecured debts, such as credit card debt and medical bills, can be discharged in bankruptcy.
Rebuilding credit involves responsible financial behavior, such as paying bills on time and using secured credit cards.
