Michigan Bankruptcy Laws from Michigan-Bankruptcy.com | Michigan Bankruptcy Lawyer Walter Metzen

 Detroit Bankruptcy Lawyer Walter Metzen

has prepared this comprehensive information bankruptcy site to help come to terms with consumer debt and bankruptcy. If consumer debt has you buried, if creditors are calling at all hours, if you have been threatened with lawsuits and other collection activities, you will find information in this bankruptcy site to help you.

This site is about credit management, debt relief,  Chapter 7 Liquidation Bankruptcy, and Chapter 13 Wage Earner Bankruptcy. DetroitBankruptcyLawyer.com Attorney Walter Metzen is an experienced  bankruptcy lawyer who  specializes in helping consumers with credit, debt, Chapter 7 Straight Bankruptcy and Chapter 13 Wage Earner (Repayment Plan/Bill consolidation) Bankruptcy.

If you are overwhelmed with debt because of illness, divorce, a death in the family,  loss of work, loss of overtime, or just bad planning, bankruptcy may be for you. If your credit cards are out of control, if medical bills have you buried, if creditors are calling at all hours of the night, then again bankruptcy may be for you. 

Feel no shame, do not feel guilty - credit card companies are making billions off of 21% credit cards. The credit card companies feel no shame in raising your credit limit to 25% if you have a late payment or charging a hefty $35 late fee. Americans are taught from early on to want and consume goods and services. We are bombarded everyday with advertising and solicitation to buy this, buy that, whether you need it or not, spend, spend, spend. Then life events get turned around.  Bad times come. Loss of job, business, or spouse can cause you to loose financial control. This is not your fault. See the story below about one of our founding father who did not hesitate to use the Bankruptcy laws.

I vigorously protect my clients rights and protect them from creditor abuse. I have helped many families and individuals overcome the stress that financial problems can cause. My expertise always results in savings that far outweigh the amount of legal fees in a case.

Click Here to go to my Frequently Asked Questions about Bankruptcy page.       Should I File Bankruptcy?       

The process of deciding whether to file a bankruptcy proceeding often is very difficult indeed. Nobody wants to file bankruptcy, whether it be under Chapter 7 or Chapter 13 of the Bankruptcy Code. Bankruptcy is meant for the honest debtor, someone who has explored all alternatives. (see below) A bankruptcy may have adverse credit effects and there can be other undesirable ramifications. Well then, why should someone take this important step? The answer to that question, in my opinion, is that you should file only after considering the various possible alternatives. If none of these alternatives is feasible or practical for you, then filing a bankruptcy petition may be the most responsible step to take.

 A Story for those Feeling Guilty about Bankruptcy

Did you know that Thomas Jefferson did not hesitate to utilize the United States Bankruptcy Laws. Thomas Jefferson. The third president of the United States. A statesman, diplomat, architect, author, inventor and farmer. Widely acknowledged as a genius and the smartest of all U.S. presidents. A man who gave vision to this country as one of its founding forefathers and leader of this country.

Why do I bring up Mr. Jefferson? Because he was almost constantly in debt. A whole lot of debt. Mr. Jefferson filed several bankruptcies in his lifetime; and, his debt was huge in comparison to most individuals' bankruptcies today.

The point is, bankruptcy is nothing to be ashamed of. If a person with Mr. Jefferson's credentials, aptitude and intelligence can get himself into situations, repeatedly, that require bankruptcy to solve, then it is certainly no negative reflection on you if you need to. Many famous and important people have exercised their right to file Bankruptcy including Willie Nelson, Jerry Lewis and former Treasury Secretary John Connally.

Most people who file bankruptcy would much rather repay their debt if they could, and they must deal with their ingrained fear of bankruptcy, because mis-informed societal attitudes have always looked upon bankruptcy debtors as cheats, criminals and irresponsible. Many clients insist upon telling me of their exemplary past credit history, even though it has little to do with their present predicament, and offers me no information necessary to help them now. I suspect the reason arises from a need to explain that their situation is different, because they are not cheats and criminals like others who may file.

The irony is that they really are just like most others who file. It is simply a myth to believe that most people who file bankruptcy could pay their debts if they chose. The fact is most bankruptcy debtors have sold valuable assets to repay debt, borrowed from friends and relatives, and have simply no other place to turn before looking to the bankruptcy code for debt relief.

The most common reasons for filing bankruptcy include loss of employment, insufficient medical insurance, divorce, or a failed business venture. Most recently, bankruptcy filings have been surging as a result of the unprecedented availability of high interest credit cards, which inevitably lead to a greater number of defaults when combined with any of the above problems.

The inability to keep current with bills as they become due causes stress that affects marriages, jobs and almost every aspect of life. Anyone who has suffered from a barrage of hostile telephone calls from bill collectors knows that something has to give. The bankruptcy laws have been enacted to provide a safety valve that gives honest people a fresh start, and helps them regain normal lives.
While there is little reason to feel happy about filing bankruptcy, you shouldn't feel like a loser either. If you are going through a financial crisis you are not alone. Over a million people a year turn to the bankruptcy laws for debt relief. Statistics show that the cross section of individuals and couples filing bankruptcy mirror society as a whole by income, type of employment, home ownership and almost any other relevant category. In other words, anyone can find themselves in bankruptcy.


Detroit Bankruptcy Lawyer .com Attorney Walter Metzen Bankruptcy Law Office is conveniently located just one block from the United States Bankruptcy Court in Detroit Michigan. Suite 3156 Penobscot Bldg., Detroit MI 48226. The US Bankruptcy Court for the entire Metro Detroit area is located at 211 West Fort Street, Detroit Michigan 48226. Call 313-962-4656 or 888-Debt-Gone for a Free Consultation. 

Bankruptcy is a Right and a Privilege provided to you by the United States Constitution

The bankruptcy laws are there for a reason. On the whole, they benefit both the debtors and creditors. It is of course important to be responsible for the debts you incur, but filing a bankruptcy IS an act of responsibility. It puts you in a position to move forward, to become productive once again, provides closure, and pays your creditors from your non-exempt assets (or by other means if the court so approves in a Chapter 13 or 11 context).

It is important to seriously explore bankruptcy as an alternative to struggling for years to no avail. There are many factors to consider before filing a bankruptcy, but one of them should not be a guilty conscience.


Free Bankruptcy Book

Bankruptcy Basics” is a free book prepared by the Bankruptcy Judges Division and the Administrative Office of the United States Courts as part of their Public Information Series. It is not prepared by the Bankruptcy Law Office of Walter Metzen.

This book should be used as a general overview of the bankruptcy process and not as specific legal advice. This book is not a replacement for the advice of a competent bankruptcy attorney, a fact this bankruptcy book itself states in its introduction. The Bankruptcy Law Office of Walter Metzen provides a free Bankruptcy attorney consultation, during which  you will be provided information based on your specific circumstances and current bankruptcy laws. Feel free to contact us by telephone at (800) 398-3328 or via email if you have any questions concerning the materials or filing for bankruptcy.

Please click the link below to review the book. You must have Adobe Acrobat Reader installed on your computer in order to review the materials.

Bankruptcy Basics



The Michigan Bankruptcy Law Office of Walter Metzen, offers each prospective client a free initial consultation to discuss your financial concerns as well as the possible need to file a petition for relief under the United State Bankruptcy Code. The purpose of the initial consultation is to inform you about the bankruptcy process in Michigan, whether you should file a Chapter 7 or a Chapter 13 and how the United States Bankruptcy Code is designed to protect most if not all of your assets through exemptions.  In an effort to make the free consultation more productive, we ask that you bring certain financial information to the meeting, or better yet, complete and send the online Michigan Bankruptcy Consultation Form.


The list of creditors must be complete. It must include ALL of your creditors (including family members, taxes, car loans, mortgages and leases), in one column and the amount owed in the adjacent column. The monthly budget should contain a complete breakdown of your income and expenses.

In addition to the above, be prepared to provide our office with dollar values for certain assets, including your home (if you own), your vehicles, and any other substantial assets, whether real property or personal property. By providing us the opportunity to review your monthly budget and to gain some understanding of the value of your assets and how much you owe to your creditors, we will be better able to assess your situation and advise you appropriately. You may schedule an appointment by either completing the Michigan Bankruptcy Consultation Form, calling our offices directly at (313) 962-4656 or by requesting an appointment via email.


Contact a Detroit Chapter 7 Bankruptcy Lawyer that, not only fully understands the bankruptcy process, but also can realistically advise you of your options. Feel free to schedule your free initial consultation. During this time, we can discuss your case and I can help you take charge of your financial situation. CLICK HERE for a Glossary of Bankruptcy Terms

We are a Debt Relief Agency helping people file for bankruptcy relief under the Bankruptcy Code. Let us help you decide if bankruptcy is right for you.

Bankruptcy attorney Walter Metzen represents clients throughout Southeast Michigan, including the communities of Detroit, Southfield, Warren, Roseville, Farmington Hills, Ann Arbor, Belleville, Canton, Clinton Township, Dearborn, Dearborn Heights, Hamtramck, Highland Park, Holland, Howell, Lincoln Park, Livonia, Macomb, Northville, Plymouth, Port Huron, Redford, Rochester, Saginaw, Southfield, Sterling Heights, Taylor, Trenton, Troy, Westland, Wyandotte, Ypsilanti, Mount Clemens, Howell, Oakland County, Macomb County, Wayne County, Washtenaw County, Livingston County, and all of the surrounding areas.