Restore Your Financial Stability With Help From Our Bankruptcy Lawyers

Financial troubles can feel suffocating. A significant amount of debt can be nearly impossible to escape, especially when you have difficulty producing the money to pay off your commitments.

When overwhelming debt becomes a crippling burden, filing for bankruptcy may offer the fresh start you need to regain financial stability.

At Dunn, Schouten & Snoap, P.C., our bankruptcy attorneys have over 40 years of experience guiding both individuals and businesses through this complex process, in addition to handling other business law needs. With empathy and experienced legal counsel, we’ll explore all your available debt relief options.

Selecting The Bankruptcy Type That Suits Your Needs

Bankruptcy is governed by federal law and offers different chapters designed to address varying debt situations. Our firm can help you select which among these insolvency approaches suits your needs:

Chapter 7 Bankruptcy

Chapter 7, also known as a “straight bankruptcy,” involves liquidating nonexempt assets to pay off outstanding debts. This option is typically used for people with limited income and few assets, as it can eliminate most unsecured debts, such as credit card debt and medical bills.

Chapter 11 Bankruptcy

Typically filed by corporations, partnerships or high net worth individuals, Chapter 11 allows a business to reorganize its debt while continuing operations. This tool enables companies to restructure finances, renegotiate contracts and develop a court-approved plan to pay creditors over time.

Chapter 12 Bankruptcy

Created specifically for family farmers and fishermen, Chapter 12 bankruptcy provides a way to reorganize finances while allowing filers to keep their property and operations.

Chapter 13 Bankruptcy

Chapter 13, also called a “wage earner’s plan,” allows individuals with regular income to reorganize most debts under a structured repayment plan over three to five years.

Our bankruptcy attorneys will carefully evaluate your financial circumstances to determine if filing for bankruptcy is the right solution for your specific situation. If so, we’ll advise you on the right chapter and build a strong case to obtain debt relief for you.

Learn If Bankruptcy Is The Right Solution For You Today

Don’t let your debts continue to weigh you down. Call Dunn, Schouten & Snoap, P.C., at 616-538-6380 or send us an email to learn whether you should file for bankruptcy. Our Wyoming law firm serves clients throughout Western Michigan.

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