BANKRUPTCY

	• IRS PENALTIES • CREDITOR HARASSMENT • LAWSUITS • GARNISHMENTS • FORECLOSURES • REPOSSESSIONS

There are many reasons for financial difficulties, such as loss of a job, illness, beginning a new family, or inability to properly handle credit. Money problems cause havoc, divorce, stress, serious illness and damage family relationships. There are laws written and available to help those that are unable to pay their bills:

1.	Are your monthly expenses more than your monthly income?
2.	Do you have interest in a home or business that you would like to try to preserve?
3.	Have you or your spouse been recently unemployed, laid-off or had your income reduced by other circumstances?
4.	Are you at or over limit on all or most of your credit cards and only able to make the minimum payments due, if that?
5.	Are your creditors calling you, at all times of the day and night, at home and at work, about paying your bills?

If you find that most of your answers to these questions are affirmative (YES), than you may want to consider filing Bankruptcy.

•	Freedom from harassing calls from your creditors (calls are referred to the attorney).
•	A FRESH START with a clean slate (Chapter 7)
•	Making monthly payments, for up to 60 months, thus eliminating the balances of all dischargeable debts. (Chapter 11 or 13)
•	Protection of personal property, real estate, clothing, furniture, tools of your trade, household appliances and possessions up to allowable amounts.
•	Protection from most legal actions, judgments, repossessions, wage garnishments and lawsuits.

•	All creditors are listed in your Petition. Once they are notified that you have filed bankruptcy, they are under court order to stop all collection activities.
•	During your bankruptcy proceedings creditors may ask you to renew your debt by signing an agreement to pay it. You and your bankruptcy attorney will discuss whether or not renewing your debt will be in your best interest.
•	You are under no obligation to pay a bill that was, or will be, discharged by your bankruptcy proceedings.

Attorney fees are $500.00 and up, for filing individual Chapter 7 bankruptcy, depending on the simplicity or complexity of the case.

1.	Meet with your attorney to discuss whether or not bankruptcy is right for you.
2.	Provide all necessary information to your attorney to prepare the Petition to the Federal Bankruptcy Court.
3.	When the Petition is completed you must sign the forms and pay the court filing fee.
4.	Once the Petition is completed and fees paid, the Petition can be filed with the U.S. Bankruptcy Court daily Monday thru Friday.

To obtain a private consultation concerning bankruptcy matters with Linda G. Anderson, Attorney at Law, please call (734) 425-0379, during normal business hours Monday-Friday 9:00 a.m. to 5:00 p.m. Evening appointments can be arranged.

Court mandated filing fees are:
•	$175.00 for Chapter 7
•	$160.00 for Chapter 13.