About Bankruptcy

Here in Michigan there are four types of bankruptcy cases that we discuss.
Chapter 7 is known as “straight” bankruptcy or “a liquidation.” This type of bankruptcy requires a debtor to give up property which exceeds certain limits called exemptions, so the property can be sold to pay creditors. Many who file under this type of bankruptcy don’t exceed the exemptions, and thus, do not give up personal property.
Chapter 11 , known as “reorganization”, this type of bankruptcy is used by businesses and a few individual debtors whose debts are very large. It is a very specialized type of bankruptcy.
Chapter 12 this type of bankruptcy is reserved for family farmers.
Chapter 13 this type of bankruptcy requires a debtor to file a plan to pay debts (or parts of debts) from current income. This type of bankruptcy may be selected depending on the assets a person has, and/or the debts that a person has.
Most individuals filing bankruptcy will be filing under either the Chapter 7 or Chapter 13 type. Either type of case may be filed individually or by a married couple filing jointly.
Please call and let our family help your family.
2304 East Eleven Mile Road
Royal Oak, Michigan 48067
Telephone: (248)-541-3400 or (800)-LAW-5454
Facsimile: (248)-541-6332
info@melderandmelder.com
www.melderandmelder.com


Going through a divorce is often challenging, especially when children are involved. Fortunately, at Melder & Melder, P.C., our child custody lawyers at can help. We understand the sensitivity of child custody matters including support and visitation, and that each family's situation is unique. Our skilled attorneys are committed to finding solutions that respect the rights of our clients, while still serving the best interests of the children.
As our client, we will stand with you throughout the entirety of your divorce and make sure that you are protected and defended. You will always be told the truth, and we will listen to your concerns, and answer any questions that you may have regarding your matter. Thought the process we explain how the system works, and recommend strategies and approaches to the issue at hand.
Call the Law Office of Melder & Melder, P.C., and let our experience, knowledge, and skill, assist you in the toughest of circumstances.
Melder & Melder, P.C.
2304 East Eleven Mile Road
Royal Oak, Michigan 48067
Telephone: (248)-541-3400 or (800)-LAW-5454
Facsimile: (248)-541-6332
