Chapter 7

The law firm of Thomas J. Tomko, Attorney at Law, assists people and helps them work toward a fresh start by filing Chapter 7 bankruptcy petitions. We handle cases for clients in Macomb County, Sterling Heights, Clinton Township and the surrounding counties and cities in Michigan.

Turn To Us For Help

Here, you will get effective representation from an attorney with more than 20 years of experience. That experience will be put to work to help you overcome credit card debt, foreclosure claims, collection lawsuits, medical debt, repossession debts, and to eliminate garnishments foreclosures and harassing collection calls. We will work with you to get you through this process and get back on track.

Qualifying For Chapter 7 Bankruptcy

We will work with you to determine whether you qualify for a Chapter 7 bankruptcy or a bankruptcy under some other chapter of the Bankruptcy Code. We will develop and take a look at your budget to see whether you have funds to contribute to a portion of your bankruptcy debt. Should you not have enough money to contribute toward paying off your debts each month after you cover your costs of living, you may qualify for a Chapter 7 Bankruptcy.

Changes in the bankruptcy laws has created a test to see whether there is a "presumption of abuse" in bankruptcy filings. Persons seeking to file a Bankruptcy Petition have to pass what is called a "means test." We will guide you through this process to determine whether your budget and assets pass the "means test" and, if not, determine what can be done to present and explain the unique facts of your bankruptcy in such a way to meet approval of the Bankruptcy Court. Should your case not pass the means test, perhaps other options are available to you under Chapter 12 or Chapter 13 bankruptcy of the Bankruptcy Code. We will explore those options with you.

How Chapter 7 Bankruptcy Works

Most people we represent qualify for and get their fresh start through a Chapter 7 bankruptcy. This type of bankruptcy is a "liquidation" and involves a one-time discharge of debt. Filing puts an immediate halt to creditor harassment, home foreclosure, car repossession wage garnishment and other collection activities. The process itself is usually wrapped up in less than six months.

Because Chapter 7 is sometimes referred to as a "liquidation" many people mistakenly believe that they will be required to give up their car or their home. This is not necessarily the case. There are certain exemptions that allow most people to keep many of their possessions, possibly including both their home and vehicle. It will depend on how much equity is exempted for these properties, and your ability to get the payments for these things current, along with other factors. We will review the requirements with you and see if your unique case will allow you, as with most people, to keep their home and their vehicles.

For more information, please review these additional pages:

The Goal Of Chapter 7 Bankruptcy: Discharge Of Your Applicable Debt

"Order of Discharge" is the bankruptcy court order that results in you not having to payback any of the debts that are included in your bankruptcy. If you did not disclose a debt, you will not get a discharge. Other debts, such as your mortgage or auto payment, which you reaffirm, are also not discharged. Once you get your Order of Discharge, your bankruptcy case is closed and the discharged debts are forever gone. Let us help you prepare your Bankruptcy Petition and work toward a fresh start! We can get you through the bankruptcy maze and get you started on the right path.

Contact us today for a free consultation about Chapter 7 with an experienced bankruptcy lawyer. Take the first step toward a fresh start by contacting us today.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.