Southfield Personal Bankruptcy Attorneys

Tailored Legal Solutions for Your Financial Challenges in Southfield

People from all walks of life can encounter financial troubles. The reasons individuals fall behind are as varied as the demographics of Metro Detroit; divorce, medical emergencies, reductions in pay or changes in the economy can all trigger financial strife.

At Goldstein Bershad and Fried, PC, based in Southfield, we represent individuals and couples who have fallen behind on the bills, for whatever reason. Our bankruptcy lawyers draw on more than 100 years of combined experience to help people in Michigan obtain meaningful financial relief.

Full-Service Debt Solutions to Help You Rebuild

We are a full-service debt relief law firm with a solid track record representing clients in bankruptcy and other insolvency-related matters. Just like the fact that no two households are the same, there is no cookie-cutter approach for solving complex debt issues.

Our lawyers take the time to evaluate each client's individual circumstances to craft creative and aggressive solutions to solve debt problems. Doctors, dentists, architects, lawyers, and other professionals may have complex asset structures that require the experience and knowledge that our attorneys provide to protect rights while working through debt problems.

We will explain the benefits and the differences between Chapter 7, Chapter 11 and Chapter 13 bankruptcy relief. Each program has its own procedures and not every consumer will qualify for Chapter 7 bankruptcy relief. Many people fear that they will lose everything they own if they file for bankruptcy. We can dispel the myths. Our lawyers will explain how property is classified and the available exemptions under the Bankruptcy Code and Michigan law to allow you to understand what assets you own that may be exempt.

Dedicated Personal Service at Goldstein Bershad and Fried, PC

We work side by side with clients every step of the way to craft the best legal strategies to obtain meaningful debt relief solutions, with a focus on the best interests of our clients. Our attorneys will meet with you, analyze your situation and make recommendations for achievable objectives.

We will explain what filing for personal bankruptcy can and cannot do, in light of your unique situation. We will fully explain the process to calm your fears and misapprehensions about bankruptcy, as well as whether bankruptcy is right for you to allow you to move forward with confidence.

Frequently Asked Questions About Personal Bankruptcy In Southfield

What types of bankruptcy do you handle in Southfield, Michigan?

At Goldstein Bershad and Fried, PC, our Southfield bankruptcy attorneys handle Chapter 7, Chapter 11, and Chapter 13 bankruptcy cases for individuals and families throughout Metro Detroit. Whether you are facing overwhelming credit card debt, medical bills, or business-related financial challenges, our experienced bankruptcy lawyers will review your financial situation and help you determine which chapter is right for your specific needs. We offer tailored debt relief solutions designed to help you regain financial stability and move forward with confidence.

Will I lose my home or car if I file for bankruptcy in Michigan?

A common concern among clients is whether they will have to give up their home or vehicle when filing for personal bankruptcy in Southfield. In most cases, Michigan bankruptcy exemptions allow individuals to keep essential property, including a primary residence and a vehicle, as long as they fall within certain value limits. Our bankruptcy attorneys will explain how these exemptions work under Chapter 7 and Chapter 13, and guide you in protecting your most important assets while eliminating or restructuring your debt.

How do I know if I qualify for Chapter 7 bankruptcy in Michigan?

To qualify for Chapter 7 bankruptcy in Southfield, you must pass what is called the means test, which compares your income to the median income in Michigan for your household size. If your income is below the median, you generally qualify. If it is higher, the test also considers your monthly expenses to determine eligibility. Our Southfield bankruptcy lawyers will conduct a full financial evaluation to determine whether you qualify for Chapter 7 and explain all of your available options if Chapter 7 is not the best path.