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The Firm is one of the largest
filers of Chapter 13 and Chapter 7 consumer bankruptcies in the State of Michigan. Through a Chapter 13 proceeding,
individuals can restructure their debt by paying all or some unsecured creditors as little as 10% of the debt owed,
as well as reducing secured debt payments, such as car or furniture loans. This process will also stop foreclosure
of homes, repossession of vehicles or garnishment of wages. In addition, through a Chapter 7 proceeding, debt can
be eliminated in those cases where consumers cannot pay bills (such as credit cards, hospitals, etc.) after their
regular monthly payments are made (ie., rent, groceries, utilities, etc.).
Our Firm is also one of the premier law firms handling Small Business Chapter 11 Bankruptcy in the State of Michigan.
Our Bankruptcy practice specializes in helping the successful reorganization of the small to medium sized business
which is in need of the benefits of Chapter 11 on a cost efficient basis. Due to our diversified client base, the
Firm is well equipped to handle all aspects of a Corporate Bankruptcy. Everything is covered from tax debt resolution
and pension/ 401k issues to cram down, drafting and confirming plans of reorganization, contesting valuations,
asset acquisition and sales, and all forms of bankruptcy litigation including employment and dischargeability issues.
We offer a small to medium sized business client the expertise needed to ensure the job is done right, while giving
the client the personal attention that it deserves.
In our bankruptcy practice, we are able to both help the Debtor in a Chapter 11 and also a creditor. Our diversified
areas of practice allow us to represent Creditors in order to assure their rights are protected and that the plan
of reorganization maximizes their benefits. |
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(c) 2002 Thav Gross Steinway & Bennett All rights reserved