Complex Insolvency Problems
Debt relief is right around the corner. Get back on track
with the help of our experienced and trusted Southfield bankruptcy attorneys today.
Southfield Bankruptcy Lawyer
Over a Century of Combined Experience
The law firm of Goldstein Bershad and Fried, PC is a boutique bankruptcy, business debt relief, real estate, and litigation practice. We provide creative solutions to financial challenges for individuals and businesses in Oakland County and surrounding areas in Michigan. Our firm also serves individuals and businesses outside of Michigan.
Many residents in Southfield face financial issues that require trusted legal guidance. Our bankruptcy attorneys in Southfield bring decades of experience with local courts, public records, and the bankruptcy process followed in the Eastern District of Michigan. We help clients understand each step of the process, including how Michigan law and exemptions may impact their options and outcomes. Our practical knowledge allows us to tailor strategies for individuals and businesses throughout the Detroit metropolitan area.
We represent both debtors and creditors, allowing us to approach financial matters from every perspective. Our attorneys are well-versed in bankruptcy law, insolvency, and real estate law. We deliver comprehensive debt relief solutions, including personal and business bankruptcy, bankruptcy litigation, preference recovery, fraudulent conveyance actions, liquidations, bank workouts, debt collections, and related proceedings.
Our experienced Southfield real estate attorney is here to help. Contact us online today to discuss your situation or call us at (248) 213-7888 to get trusted legal guidance.
Bankruptcy Filings & Legal Process in Southfield
In Southfield, bankruptcy filings are handled by the United States Bankruptcy Court for the Eastern District of Michigan, located in downtown Detroit. Individuals and businesses in Oakland County must follow Michigan’s requirements, including property exemption rules that could protect homes, vehicles, and retirement accounts. Our Southfield bankruptcy attorneys guide clients through every step, ensuring financial documentation is organized and explaining specific local procedures. We help clients understand the effect of Michigan’s homestead laws and how local court schedules may impact the timeline. Throughout each case, we clarify requirements, build realistic expectations, and explain how the court will interact with creditors, assets, and eligibility for discharge.
Real Estate Law in Michigan
If real estate isn't our most important financial asset, it certainly is high on the list. It is very important to protect these assets, whether they serve residential or investment-based purposes.
Our bankruptcy lawyer in Southfield, MI is equipped to protect your real estate interests in every facet: reviewing contracts during the purchasing process, settling disputes involving landlords and tenants, representation in matters involving mortgages and foreclosure, and any other matter requiring legal assistance.
Clients in Southfield face property laws specific to Michigan that can affect how bankruptcy impacts real estate ownership and transfers. Because property values, foreclosure timelines, and lender practices can vary within Oakland County, our team addresses these critical details when designing legal strategies. We discuss how bankruptcy interacts with zoning, land use, and redevelopment initiatives, providing advice suited to your situation.
Meet Our Attorneys
Offering Trusted Advice & Representation in Bankruptcy Matters
The attorneys of Goldstein Bershad and Fried, PC possess the experience and knowledge to provide effective and creative debt solutions. Our bankruptcy attorneys in Southfield, MI have more than 100 years of combined experience. We have built a strong reputation for effectively handling complex cases.
Each member of our team has a deep understanding of Michigan courts and the practical challenges of bankruptcy filings in Oakland County and the Detroit area. Our attorneys keep current with legal trends and updates, sharing insights at industry events. Community organizations and professional groups in Southfield often request our bankruptcy lawyers in Southfield to discuss bankruptcy topics that matter to local businesses and individuals.
Our attorneys include a former United States Bankruptcy Court Trustee, counsel for Bankruptcy Trustees, and a former court-appointed receiver. Our representation includes thorough analysis of each situation and solid recommendations on creative, achievable objectives.
Our knowledge from the viewpoints of both creditors and debtors has proved invaluable for clients who need assistance with debt collection, asset protection, real estate issues, commercial and business litigation, and landlord-tenant disputes.
Michigan Bankruptcy Exemptions & Asset Protection
Michigan law allows those filing for bankruptcy to claim certain exemptions, meaning they may keep specific property even after filing. Oakland County residents often benefit from these exemption laws to protect a portion of home equity, personal vehicles, and retirement accounts. We help clients review which property may qualify for exemptions, offering clarity about the assets that may remain protected after bankruptcy. Our approach focuses on helping each person apply Michigan regulations to their long-term financial goals. Local differences, such as home values in Southfield, may influence how exemptions are used, and we advise with these factors in mind.
FAQs
Do I have to go to court for bankruptcy in Southfield?
Most bankruptcy cases in Southfield require at least one appearance at a meeting of creditors, usually held at the federal courthouse in downtown Detroit. Some steps can be handled through documentation and communication with the court.
How long does a bankruptcy remain on my credit report in Michigan?
Chapter 7 bankruptcy usually remains on your credit report for up to 10 years, while Chapter 13 bankruptcy appears for up to 7 years. Credit reporting applies the same rules statewide, including Oakland County.
What property can I keep if I file for bankruptcy in Michigan?
Michigan exemption laws allow residents to keep certain assets, such as a portion of equity in a primary residence, select personal belongings, and retirement funds. The specific exemptions available depend on the individual details of your case.
Ready to get started? Our bankruptcy lawyers in Southfield offer over 100 years of combined experience helping individuals and businesses find relief. Call (248) 213-7888 now or reach out online!
