Salem MI's Experienced Chapter 7 Bankruptcy Attorney
Vivian Law Firm Has The Chapter 7 Bankruptcy Attorney You Need For Your Financial Freedom!
The U.S. Bankruptcy Code provides a variety of tools to help debtors get a fresh start. Attorney Matthew J. Vivian can help you get that fresh start. For over 17 years, Attorney Matthew J. Vivian has guided metro Detroit clients through the bankruptcy process, helping to bring them relief, peace of mind, and resolution. He handles each case with compassion, discretion, and reliability, helping the client understand the options available and guiding the client through the intricate bankruptcy process. Seeing his clients regain control of their financial lives has been one of the most rewarding aspects of his many years of practice.
The Bankruptcy Code provides many options for debtors in crisis, but the options are complicated and the process is involved. Vivian Law focuses primarily on helping individuals and business work through bankruptcy. Our team has years of experience handling Chapter 7, Chapter 11, and Chapter 13 cases. Vivian Law's hard work has garnered testimonials from both clients and fellow attorneys which have made us one of the most prominent bankruptcy law firms in the Detroit metropolitan area.
There are several possible bankruptcy filings and each is designed to help people from sinking further into debt. The three most common and practical filings are Chapter 7, 11, and 13. Each provides a different type of protection from creditors and an experienced bankruptcy lawyer can help you navigate the filing and legal process to a full resolution.
- Chapter 7 - This type can help you eliminate debt in exchange for turning over non-exempt assets and apply their value to what creditors are owed. Michigan allows exemptions that include home equity, motor vehicles, household good, personal property, pensions, and retirement accounts among others. You may be able to keep a considerable amount of these things and others.
- Chapter 11 - This filing is often understood as "reorganization" and businesses can use it as a method to stay afloat until revenue picks up. A business owner can present the court with a financial plan to liquidate some assets and restructure other debt. The benefit is that you can stay afloat and creditors have a chance at compensation.
- Chapter 13 - People with a steady income can utilize this filing by creating a repayment plan. Your debts may not be closed out, but it gives you an opportunity to pay them down over time without your assets being seized. Basically, it buys you time to get your financial life on track.
What Does a Chapter 11 Bankruptcy Lawyer Do?
A Chapter 11 bankruptcy attorney helps businesses and individuals "reorganize" debts. After a debtor files a Chapter 11 petition, the debtor, creditors, and court work out a new plan for repaying the existing debts, which may include the debtor retaining most or all of the debtor's property.
What Does a Chapter 13 Bankruptcy Attorney Do?
A Chapter 13 lawyer helps reorganize the debts of individuals. With the attorney's guidance, the debtor presents a reorganization plan to the court. If the court approves the plan, the individual may retain most or all of his or her property and the court may reduce the debtor's total debt.
What Does a Chapter 7 Bankruptcy Lawyer Do?
A Chapter 7 attorney helps a debtor get a "fresh start." In a Chapter 7 bankruptcy, the debtor gets to keep certain exempt property, but the court orders the sale of all other nonexempt property. The debtor pays the creditors with the proceeds. The court can discharge many---but not all---debts under Chapter 7.
Every person's situation is different, and the Bankruptcy Code includes many complications. If you are facing a debt crisis, it is best to contact a qualified bankruptcy attorney. Vivian Law has been handling bankruptcy proceedings in the metro Detroit area for over 17 years. We have the knowledge and experience to help you regain control of your financial life.
Why Choose Vivian Law Firm As Your Chapter 7 Bankruptcy Attorney in Salem?
Matthew J. Vivian is the principal of Vivian Law Firm PLC, located in Plymouth, Michigan. Our firm's primary focus is representing debtors and creditors in various bankruptcy matters in proceedings under Chapters 7, 11 and 13. Mr. Vivian earned a Bachelor of Arts degree from the University of Michigan in 1992. He continued his education at the University of Toledo College of Law and received his law degree in 1995.
As an experienced bankruptcy attorney, Mr. Vivian understands the hardships involved with filing for bankruptcy and takes great pride in providing his clients a welcoming, non-judgmental atmosphere.
Kate K.'s bankruptcy Experience:"When I first met with Matthew Vivian, I was experiencing one of the worst times in my life. I felt immediately supported and guided as we worked through the bankruptcy process. He helped me through each step with thoughtfulness and kindness. I was very nervous when I had to go to court and he was so supportive. He helped me start a new life. I am deeply grateful that he was there with me."