FAQ
What Should I Ask Before Hiring An Attorney?
Answers to common questions about hiring an attorney can be found in this FAQ sheet.
Who Files For Bankruptcy?
Though it has carried a social stigma in the past, society’s view of bankruptcy is beginning to change. No one should be afraid to file for bankruptcy. Debt relief through bankruptcy is essential in many situations in order to regain control of finances and get a fresh start. At the office of Frego & Associates, P.L.C., we can help you thoroughly understand the bankruptcy process and how it could possibly be beneficial to your situation. Hundreds of high profile individuals and companies have filed bankruptcy. Many have gone on to be financially successful after taking control of their finances by filing bankruptcy.
It is important to realize that filing bankruptcy is not a personal decision; it is a business decision. We believe that you are the CEO of your own finances and those of your family. Bankruptcy is just one avenue that you may explore in taking control of your debt and financial destiny.
What Can I Keep?
Property exemptions are items the government says you can keep even though you file a bankruptcy case. If you are considering bankruptcy, you might worry that you’ll have to give up every asset that you have in order to walk away from the debt. However, you are likely to keep all of the things that are important to you even if you file bankruptcy. At the law firm of Frego & Associates, P.L.C., we will help you keep your assets by using the property exemptions allowed under the bankruptcy laws. Most of our clients keep everything they want to keep in bankruptcy.
Some of the types of assets you are likely to retain include (but are not limited to) the following list:
- Cash/Savings
- Furniture
- Clothing
- Jewelry
- Vehicles
- Tools of your trade
- Your home and equity in your home
- 401(k) plans
- Other possessions or personal items
- Pets
- Retirement plans such as pensions and TSPs (thrift savings plans)
I Have Additional Questions.
Our general FAQ can be found here.
Dearborn Heights
23843 Joy Road
Dearborn Heights, MI 48127
313-565-4252
800-646-0075
777 E. Eisenhower Pkwy.
Suite 910
Ann Arbor, MI 48108
734-213-1691
800-646-0075
Flint
1324 W. Bristol Road
Flint, MI 48507
810-424-1614
800-646-0075
