Bankruptcy

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Experienced Bankruptcy Attorneys Serving individuals and Families of Southeast Michigan

 Each year more than 1,000,000 Americans file for protection under the federal bankruptcy laws, according to the American Bankruptcy Institute. Most of these people are average working families who try to pay all of their bills but find themselves in financial trouble. The sudden loss of a job, medical bills, a divorce, or even a natural disaster can quickly wipe out a life's savings. For many, bankruptcy provides a second financial chance.


Bankruptcy is usually used as a last resort, after other attempts to solve a financial crisis fail. Melder & Melder, P.C. is a debt relief agency and, among other services, provides legal assistance to people and businesses seeking relief under the United States Bankruptcy Code. Call our attorneys to find out if you really need to file bankruptcy, or if an agreement can be reached with your creditors.

For more information on your bankruptcy options click below!

The Basics of Michigan Bankruptcy Law

In its most basic form, bankruptcy law is a consumer protection law. It is a Federal process, which allows consumers to have their qualifying debts forgiven. The law recognizes that bad things sometimes happen to good people, and consumers sometimes simply do not have the ability to comply with creditor's repayment demands. Bankruptcy law is a unique type of law based on forgiveness rather than punishment.

 Filing for bankruptcy puts into effect the "automatic stay," which stops creditors from trying to collect any debt from you. The automatic stay immediately stops creditor phone calls, collection letters, wage garnishments, creditor harassment, lawsuits, bank levies, and all other types of harassment, intimidation and scare tactics by creditors.

Bankruptcy is a federal protection that must be observed by your creditors. Whether you live in Oakland, Macomb, St. Clair, Wayne, Livingston or Washtenaw counties and southeast Michigan, hiring the right lawyer is the most important decision of your life. Let Melder & Melder, P.C. assist you with all of your bankruptcy needs.

 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.

 For a free telephone consultation with one of our attorneys – call our offices in Royal Oak or contact us online with a brief description of your concerns.

Questions and Answers About Bankruptcy in Michigan

  • What is a Chapter 7 bankruptcy?

    Chapter 7 is the liquidation chapter of the bankruptcy code. Individuals may file Chapter 7 and receive a discharge of all of their debts. A trustee is appointed in Chapter 7 to investigate the financial affairs of the debtor and collect and sell property owned by the debtor, if any that is not exempt. Businesses that go out of business and liquidate also file under Chapter 7.

  • What is a Chapter 13 bankruptcy?

    Chapter 13 generally permits individuals to keep all of their property while repaying creditors out of their future income. The Debtor pays a Chapter 13 trustee each month that in turn pays creditors a certain portion of their claims over a three to five year period.

  • Do you need a lawyer?

    Although the Bankruptcy Code does not require attorney representation, most individuals will be much better off hiring an experienced bankruptcy lawyer. The bankruptcy lawyer can help you make the best decision regarding whether to file for bankruptcy (and which chapter is best for you) and can guide you or your company through the process.

  • How can a debtor determine whether a debt is secured?

    The best and perhaps the easiest way to find out whether a debt is a secured debt is to review the documents signed at the time the debt was incurred. If the debt is secured, the documents will say so and will describe the creditor's security interest, which is usually in the property that is the subject of the financing.

  • Will a debtor lose his or her home by filing bankruptcy?

    One of the debtor's major concerns in a consumer bankruptcy is the thought of losing the family home. Although that is possible in some cases, loss of the debtor's home need not always result from a bankruptcy filing.


    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.


    If you have any additional questions or for a free telephone consultation with one of our attorneys - call our offices in Royal Oak or contact us online with a brief description of your concerns.

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