Gold, Lange & Majoros, P.C.
Required Documents
Types of Debt
Bankruptcy Information
Contact Us
Gold, Lange & Majoros, P.C.
24901 Northwestern Highway, Suite 444
Southfield, Michigan 48075
Telephone: 248-350-8220
Fax: 248-350-0519
What to Expect
Decision to File
Filing Eligibility
Bankruptcy Principles
Chapter 7
Chapter 13
Chapter 11
The Decision to File
Bankruptcy is not normally a personal, emotional decision, but rather a financial decision based on your amount of debt, your income, and your present ability to repay debts.

When the expected time period for the repayment of creditors, in full, exceeds the time it would take to rebuild credit, bankruptcy should be given serious consideration. A good bankruptcy attorney or lawyer could help out with this process. Instead of struggling with minimum payments for months or years and ending up in the same place you are today, you can use that time to rebuild credit and save money for the future.

If you are in a situation in which you have accumulated more debt than you will be able to repay in the foreseeable future, then you probably will benefit greatly from filing bankruptcy and securing a debt-free fresh start.

By filing bankruptcy with qualified attorneys, you give yourself a change to rebuild and re-establish credit. Many people get caught up in worrying about how they're going to incur future debt, when the focus should be the best way to deal with the debt they have now.