Are you dealing with overwhelming debt, home foreclosure, vehicle repossession, utility shut-off, creditor harassment or garnishments? At the Bankruptcy Centers of Michigan, we have helped thousands of clients successfully navigate through these issues and move on with their lives. We are a full-service bankruptcy law firm that has helped people resolve debt problems since 1972.
Whether you need a Chapter 7 bankruptcy to eliminate unsecured credit card bills and garnishments or a Chapter 13 bankruptcy to stop home foreclosure or eliminate a second mortgage, we have the experience and expertise to help.
Whether you need a Chapter 7 bankruptcy to eliminate unsecured credit card bills and garnishments or a Chapter 13 bankruptcy to stop home foreclosure or eliminate a second mortgage, we have the experience and expertise to help.
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Jack Berman began practicing law in 1972.
He has devoted much of his over 50-year career to representing clients as a bankruptcy attorney.
Jack is a well-respected member of the bankruptcy bar.
He is accredited by the Better Business Bureau and is listed on the Detroit Chapter 13 Trustee's list of recommended bankruptcy attorneys.
Jack earned his undergraduate degree from Wayne State University in 1969 and his law degree from Wayne State University in 1972.
Jack is a member of the State Bar of Michigan and Federal Bar for the Eastern District of Michigan.
He has devoted much of his over 50-year career to representing clients as a bankruptcy attorney.
Jack is a well-respected member of the bankruptcy bar.
He is accredited by the Better Business Bureau and is listed on the Detroit Chapter 13 Trustee's list of recommended bankruptcy attorneys.
Jack earned his undergraduate degree from Wayne State University in 1969 and his law degree from Wayne State University in 1972.
Jack is a member of the State Bar of Michigan and Federal Bar for the Eastern District of Michigan.
A Chapter 7 bankruptcy is a liquidation bankruptcy that is filed to cancel unsecured debt and obtain a fresh start.
The filing of a chapter 7 bankruptcy stops all collection activity, including phone calls, letters and legal action.
Unlike Chapter 13, a Chapter 7 bankruptcy case does not involve the filling of a plan of repayment.
Instead, your nonexempt assets are gathered and sold, while the proceeds are used to pay creditors in accordance with the Bankruptcy Code.
Some of your property may be subject to liens and mortgages pledging the property to other creditors.
The filing of a chapter 7 bankruptcy stops all collection activity, including phone calls, letters and legal action.
Unlike Chapter 13, a Chapter 7 bankruptcy case does not involve the filling of a plan of repayment.
Instead, your nonexempt assets are gathered and sold, while the proceeds are used to pay creditors in accordance with the Bankruptcy Code.
Some of your property may be subject to liens and mortgages pledging the property to other creditors.
Eliminate a second mortgage.
This is possible if the value of your home is less that what is currently owed on your first mortgage.
Reclaim a repossessed vehicle and enable the vehicle to be paid at a reduced amount and reduced interest rate.
A Chapter 13 bankruptcy is also referred to as a wage earner's plan.
It allows individuals with regular income to create a plan to repay their debts.
Options are available for you to propose a repayment plan in installments over three to five years.
If your current monthly income is less than the applicable state average, the repayment plan will be for three years (unless a longer period is approved by the court).
This is possible if the value of your home is less that what is currently owed on your first mortgage.
Reclaim a repossessed vehicle and enable the vehicle to be paid at a reduced amount and reduced interest rate.
A Chapter 13 bankruptcy is also referred to as a wage earner's plan.
It allows individuals with regular income to create a plan to repay their debts.
Options are available for you to propose a repayment plan in installments over three to five years.
If your current monthly income is less than the applicable state average, the repayment plan will be for three years (unless a longer period is approved by the court).
Loan modification can reduce the principle balance, eliminate the arrearage and/or lower the interest rate on your mortgage.
However, obtaining a loan modification can be a very complicated and frustrating process.
We can determine what loan modification programs are available for you and handle the entire process from start to finish.
A loan modification can result in a slight drop in credit score, but will result in a far less negative impact than a foreclosure, bankruptcy, or late payments.
Loan modification is a change made to the terms of an existing loan by the lender, involving a reduction in interest rate, extension of the length of repayment, a change in loan type, or any combination of the three.
However, obtaining a loan modification can be a very complicated and frustrating process.
We can determine what loan modification programs are available for you and handle the entire process from start to finish.
A loan modification can result in a slight drop in credit score, but will result in a far less negative impact than a foreclosure, bankruptcy, or late payments.
Loan modification is a change made to the terms of an existing loan by the lender, involving a reduction in interest rate, extension of the length of repayment, a change in loan type, or any combination of the three.
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