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Most people have a pretty good idea why they might not want to file bankruptcy: they've heard that their credit will be ruined for life, that they will be fired from the job, that they won’t be able to obtain new employment, that they will never be able to finance a car or a new home again, that their reputations will be ruined … Visit our Bankruptcy Myths page for more on why these fears are largely unfounded.
The question that you are actually in need of an answer to is, “What are the reasons TO file bankruptcy?” Bankruptcy indeed, is sometimes a last resort choice, the final option for people who are experiencing unmanageable debt difficulties. Sometimes, however, people can wait too long and try too hard to avoid bankruptcy. If you are depleting you retirement account in order to make ends meet or using one card to pay another, bankruptcy is likely something that you should take a good look at.

From a practical standpoint, however, why file bankruptcy?

  • Stop wage and bank garnishments
  • Stop a foreclosure of your home
  • Stop Collector Harassment & Lawsuits
  • Save your credit report & credit score
  • Discharge Unmanageable Medical Debt
  • Get Out of an Unaffordable Lease
  • Simplify or Recover from a Divorce
  • Discharge or Pay Off IRS or State Tax Debt at 0% Interest
  • Cure Deficient Child & Spousal Support Payments
  • Get back a vehicle that has been repossessed or seized


Bankruptcy is a legal, Constitutional, and moral process dating back through the US Constitution to the English Magna Carta, and even further back to the Book of Deuteronomy, which decreed that debts should be forgiven every 7 years. The U.S. legal system provides the option of bankruptcy to you because you are more beneficial to our political and economic system if you have excess income with which to purchase goods and services than you are if you are sending every penny you earn to make enormous minimum credit card payments. As a country, we want you to feed and clothe and educate your children first and foremost—and that should be your priority as well, above and beyond the honorable obligation you may feel to “make good on your debts.”

If you are a Michigan resident suffering from any of the hardships listed here, contact us to schedule a free, initial consultation.

Don’t wait until you’ve already lost your home or drained your 401(k) to have a conversation about whether a Chapter 7 or Chapter 13 bankruptcy may be right for you.

OUR OFFICE

Gravelyn Law, PLLC
3624-29th ST SE, Suite B
Kentwood, Michigan 49512
Phone: (616) 288-9527
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DISCLAIMER: Gravelyn Law PLLC provides information on this site for both public service and advertising/marketing purposes. Using information from this site or contacting the firm does not create an attorney-client relationship. In addition, while the site will occasionally discuss case results in a generic fashion while protecting the identity of interested parties, Gravelyn Law PLLC does not mean to suggest that it can achieve the same result in future cases. Each case will be resolved on the basis of facts unique to that case. Finally, while the site tries to describe the law as accurately as possible, the people and places described in the blog, while often based on real events, are fictional.
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