Our law firm, Twohey Maggini, PLC, has been assisting clients with their financial hardship since 1954. As a respected and well-reputed law firm in the Grand Rapids area, our attorneys provide sound legal advice and representation for each client. Our firm serves individuals throughout west Michigan and the surrounding areas.
Contact the lawyers at Twohey Maggini, PLC, to determine whether bankruptcy is the right move for you. Our Grand Rapids attorneys will dispel bankruptcy myths and educate clients on the process. Contact us at (616) 459-6168.
Our attorneys work with clients who are often concerned about how bankruptcy will impact their future. Our attorneys found these are some of the most frequently asked questions:
Yes. It is possible for creditors to garnish your paycheck. However, they need a judgment from a court to do so.
Often credit counseling charges more than what it would cost to file for bankruptcy and the process is not as effective. Our attorneys can assess your situation and let you know your best option.
No. Bankruptcy does not erase bad credit. Any credit reports you had, remains for 10 years; however, after filing bankruptcy, your creditors cannot come after you for the debt. If you file for bankruptcy while you know your credit score is still good, it could be better because there will be a record that you had excellent credit previously. If you wait to file until your credit score is quite low it will have the opposite effect. Let our law firm help you to get on with your life and resolve your financial problems.
Yes. It is possible to obtain credit again even while you are in bankruptcy. However, it takes a while. The mortgage lenders are often the first to provide individuals with some credit. For more information on bankruptcy and your credit, contact our attorneys so they can analyze your individual situation.
It is very important to rebuild your credit after bankruptcy. One of the best ways to do this is by getting a secured credit card, where you can borrow a small amount of money. By paying off your secured card in a timely manner, you can build a track record of good credit.
Often our clients who are eligible for Social Security are worried that if they file for bankruptcy, their benefits will be taken away. That is not the case. Social Security is immune from legal process. A creditor cannot take your Social Security benefits check even if you file for bankruptcy.
“Should I file for bankruptcy?” If you are considering your options, you should speak with an experienced bankruptcy attorney who can help you determine if it is the right move for your situation. Contact Our Grand Rapids Bankruptcy Attorneys Online or call (616) 459-6168 for a free half-hour consultation on your legal matter.