Detroit Bankruptcy Lawyers

Start Your Debt Free Future Today!

Attain peace of mind with our skilled Bankruptcy Attorneys in Detroit, Michigan. Our devoted team is committed to guiding you through the bankruptcy process, securing financial freedom, and paving the way for a brighter and debt-free tomorrow.

Experienced California bankruptcy lawyers in a strategy meeting, planning the best approach for client debt relief through liquidation bankruptcy and credit counseling in California, ensuring compliance with bankruptcy code.

Embark on the journey towards financial liberation with Chapter 7 bankruptcy. Our adept Detroit attorneys offer seasoned guidance to eradicate debt and reclaim your financial sovereignty.

Learn More

Seize control of your finances and cultivate a brighter tomorrow alongside our Detroit attorneys. Tailor a personalized repayment blueprint within the Chapter 13 bankruptcy process.

Learn More

Every Detroit home tells a story. Let us protect yours. Our dedicated attorneys fight for families and their dreams, ensuring your property remains a haven, not a lost chapter.

Learn More

Defaulting on a loan can put your prized possessions at risk, and vehicles are unfortunately prime targets for repossession. But before you envision your car being towed away, know that options exist.Understanding your rights and taking proactive steps can make all the difference. Don’t let repossession steal your freedom and financial security.

Learn More

Rejuvenate your business under seasoned guidance. Our Detroit attorneys safeguard your company’s future with expertise in Chapter 11 bankruptcy proceedings.

Learn More

Countless Americans annually grapple with the weight of unpaid bills and debts, often feeling bewildered and distressed, uncertain about their available options.

Learn More

Shield your hard-earned wages. Our proficient Detroit attorneys specialize in preventing wage garnishment, securing your financial stability, and preserving your income for your future.

Learn More

Ease the burden of medical bills. Our Detroit attorneys provide compassionate assistance, navigating the complexities to alleviate the strain of medical expenses through tailored legal strategies.

Learn More

Escape the relentless cycle. Our adept Detroit attorneys shield you from incessant creditor harassment, empowering you to regain control and find peace amidst the storm of creditor pressures.

Learn More

our Detroit Bankruptcy Attorneys Can Help

The stress of runaway debt can be overwhelming. Without solutions, you may fall deeper into the red, and be faced with increased penalties, fees, interest rates, and creditor harassment that can lead to the threat of lawsuits, wage garnishment, repossessions, or the specter of foreclosure. All of this can wreak havoc on your peace of mind, ability to cope, job performance, and even your personal relationships.

You need solutions and options, which you can find at Kostopoulos Bankruptcy Law. We have helped thousands of individuals and couples find the remedies they need through bankruptcy and other debt-relief solutions. With so many cases successfully handled, our bankruptcy attorneys are well positioned to help you to take control of your financial situation. We can help you explore your options, understand the law, and make an informed decision about the road to financial recovery that is right for you.

Turn to Kostopoulos Bankruptcy Law for answers to your financial distress. Discuss your case with a Detroit bankruptcy attorney during a free initial consultation by contacting us online or calling 586-217-2099.

Embark on Your Debt Relief Journey

Learn More About Common Misconceptions and What to Expect

Close-up of a bankruptcy petition being filed by a California bankruptcy attorney, showcasing the meticulous attention to detail in managing unsecured debts and medical bills for a client in financial insolvency.

Getting a Fresh Financial Start

While bankruptcy is often viewed in a negative light, it was established by the federal government as a legitimate and effective way to help honest debtors get a fresh start. In today’s economic world, anyone can fall into overwhelming debt based on a variety of reasons. These can range from the loss of your job to a medical crisis in your family, an expensive divorce, the collapse or downturn of your small business, and more. Digging your way out of insolvency may be impossible without the benefits and protections that our government has extended to all Americans through the U.S. Bankruptcy Code.

Our firm can help you find real solutions to your financial problems, such as through a Chapter 7 or Chapter 13 bankruptcy filing. Chapter 7 allows you to eliminate many kinds of unsecured debt, such as credit card balances, medical bills, payday loans, and more. For those who wish to retain property such as their homes and vehicles through a restructuring of debt, Chapter 13 offers the option of a type of debt consolidation plan.

Why Choose Kostopoulos Bankruptcy Law?

We have the experience, skills, and credentials that add up to truly professional representation.

The benefits of working with our team include

Close to 100 years of combined experience shared by our attorneys
10,000+ of successfully-resolved cases handled
A Certified Consumer Bankruptcy Specialist from The American Board of Certification on board
Recognition as a Top 100
Firm by the Debt Education and Certification Foundation
Flexible payment plans that start with only $100 down
Additional language
services in Spanish, Greek, Mandarin, and Arabic

If you are struggling with debt, the time to act is now. Let one of our skilled bankruptcy attorneys in Detroit help you find the solution that will work for your unique circumstances, needs, and objectives. Our team will be with you every step of the way through your journey back to financial solvency, control, and freedom.

What Sets Kostopoulos Bankruptcy
Law Apart from the Rest

Our firm is a seasoned bankruptcy law firm dedicated to finding real, workable solutions that give clients
the second chance they need so much. There are many advantages of filing for bankruptcy. We take pride in
helping individuals and families find the debt relief they need and deserve.

Our San Francisco Bankruptcy Law Firm is Nationally Recognized

Our team members at Kostopoulos Bankruptcy Law are proud members of numerous legal organizations, including the following:

The Consumer Bankruptcy Association

The Hellenic Bar Association

Should you go with Kostopoulos Bankruptcy Law, you can take comfort in the fact that within just a few short months, you and your family can be headed towards financial recovery! Hear what our clients have to say by reading our client testimonials!

Why Choose Us

California bankruptcy attorneys assisting a client with filing bankruptcy paperwork, including chapters on unmanageable debt and options for alimony payments under bankruptcy law in California.

File From The Comfort of Your Home.

We are Fluent in Various Languages, including English, Spanish, Greek, Arabic & Mandarin.

We Offer Flexible Payment Plans, Starting With Only $100 Down.

We have helped 10,000+ clients across the nation.

One of the Top 100 Firms by the Debt Education and Certification Foundation.

Elevate Your Understanding About Filing
Bankruptcy in Detroit

Elevate Your Understanding About Filing Bankruptcy in Detroit

Contact Us Today

All Consultations Are Free & Confidential

Top FAQs to Detroit Bankruptcy Lawyers

There is a protection built into bankruptcy rules that stops creditors from calling, taking legal action, or otherwise engaging in harassment against a debtor. The automatic stay is a rule that applies in both Chapter 7 and Chapter 13 cases. It is an order of the bankruptcy court that prohibits a creditor from filing a debt collection lawsuit, garnishing your wages, or foreclosing on your home. The automatic stay goes into effect at the time you file your bankruptcy petition.

The timeline of a bankruptcy case varies significantly according to the facts of the case and legal factors, but it is helpful to get a general idea. You can discharge all qualifying debt through Chapter 7, but some of your assets may be sold through liquidation to pay debt to creditors. The process may take around 45 to 60 days. Chapter 13 also discharges debt, but creditors are paid through a debt repayment agreement for 3 to 5 years.

There are certain debts that you cannot discharge in bankruptcy, including alimony and child support pursuant to a court order. In addition, it is not possible to eliminate debt for taxes and personal injury lawsuits arising from a DUI accident caused by you. Secured debts are not subject to discharge through Chapter 7, such as the mortgage on your home. However, in Chapter 13, you may be able to wipe out arrearages related to late or missed mortgage payments.

Medical debt is eligible to be discharged through bankruptcy, and it is one of the most common types of debt that filers seek to eliminate through Chapter 7. These cases focus on unsecured debt, in which the creditor does not have a security interest in collateral. Besides medical debt, Chapter 7 is an effective solution to wipe out debt for credit cards, personal loans, and lines of credit. With these cases, your assets may be liquidated by the bankruptcy trustee.

Chapter 7 bankruptcy aims to eliminate unsecured debt that is not backed by collateral from the debtor. Foreclosure is a legal process that affects secured debt, specifically your mortgage. Your home acts as collateral for the mortgage, so the lender has foreclosure as an option for exercising its financial interest. Fortunately, Michigan offers bankruptcy exemptions to protect your home from being sold by the trustee. It is possible to protect up to $35,500 of the equity in your home.

Your friends and family who have been through bankruptcy in Michigan are valuable resources to request referrals. In addition, your local bar association may keep a list of lawyers who focus on Chapter 7. However, you will still need to do your homework to find the right fit. When you meet with a Detroit bankruptcy attorney, ask about their experience to ensure that they have sufficient background in Chapter 7 cases. You can also ask for references from former clients.

Unlike Chapter 7 rules that allow the bankruptcy trustee to sell your assets to pay creditors, there is no liquidation with Chapter 13. Instead, you satisfy debt to creditors through a debt repayment plan that you pay over the course of 3 to 5 years. Arrearages, including interest and fees, can be rolled into this plan. However, to avoid foreclosure, you will still need to pay your regular mortgage throughout the duration of your Chapter 13 case.

If you default on the terms of your debt repayment plan, the bankruptcy trustee will report this information to the bankruptcy court. The trustee does not have the power to advise you, change the terms of your plan, or make other decisions. The bankruptcy court does have authority to dismiss your case, which means creditors can once again seek payment for outstanding debt. With help from a bankruptcy attorney, it may be possible to adjust your plan to get back on track.

There is no limit on the number of times you can file bankruptcy, though the rules do impose restrictions on how long you must wait after a previous case. If you went through the Chapter 7 bankruptcy process in the past, you cannot file a Chapter 13 case for 4 years. You must wait 8 years to file a second or subsequent Chapter 7 case. When the initial bankruptcy was Chapter 13, you can file the same type of case after waiting at least 2 years.