Danny Kallabat

Attorney Danny Kallabat

BANKRUPTCY ATTORNEY DANNY KALLABAT

Michigan Attorney Danny Kallabat is an experienced Bankruptcy lawyer and has been handling Bankruptcy Cases since 1997. He prides himself on fighting aggressively for every client.

Danny Kallabat has been a member of the State Bar of Michigan since 1997, and he is admitted to practice law in the Federal District Court for the Eastern District of Michigan. Because of his skill and experience, attorney Danny Kallabat has received the honor of being designated a Michigan Super Lawyer.

Mr. Kallabat carefully discusses all available options with every client to ensure the best possible results. Attorney Danny Kallabat offers FREE CONSULTATIONS, and is committed to keeping his frees reasonable and competitive.

He is an experienced bankruptcy lawyer who will offer you the highest quality of legal representation, and do everything possible to resolve your matter quickly, while obtaining the best possible results for you. When you retain our office, you can have confidence that you are hiring a lawyer that will treat you with respect, answer all of your questions and protect your legal rights.

CALL Super Lawyer Danny Kallabat for a FREE Bankruptcy Consultation:  248-357-3000.

FREE CONSULTATION

Bankruptcy Lawyers Southfield MI

TWO TYPES OF PERSONAL BANKRUPTCY  – CHAPTER 7 OR CHAPTER 13

CHAPTER 7

A Chapter 7 will allow you to eliminate (DISCHARGE) your credit card debt and most other debts. There is an income qualification to file this bankruptcy. 

CHAPTER 13

A chapter 13 will stop and prevent a foreclosure and allow you 3 to 5 years to get caught up on your mortgage if you fall behind.   A chapter 13 can also substantially reduce your credit card payments if your income is too high to qualify for a chapter 7. 

I HAVE THE EXPERIENCE AND KNOWLEDGE TO HELP YOU UNDERSTAND WHICH BANKRUPTCY IS MORE PREFERABLE FOR YOU AND YOUR FAMILY.  IN SOME CIRCUMSTANCES ITS BENEFICIAL TO WAIT TO FILE A BANKRUPTCY AND MY CONSULTATIONS ARE ALWAYS FREE. 

 

INDIVIDUALS CAN FILE A CHAPTER 7 OR CHAPTER 13 BANKRUPTCY. All bankruptcy cases are filed in under Federal law and in FEDERAL COURT.  These Federal laws control and allow you to eliminate (discharge) most debts. My office is trained and registered with the Federal District Court and our cases are filed directly from my office. This is important because the filing of a bankruptcy case creates an a provision under the law called the AUTOMATIC STAY. This provision immediately STOPS the following actions by your creditors: 

  • garnishments of wages 
  • garnishment of bank accounts
  • Home Foreclosures
  • Auto Repossessions 

CHAPTER 7 BANKRUPTCY

Eliminate debt and get a fresh start. 

Chapter 7 is a form of bankruptcy in which you eliminate (discharge) most unsecured debts like credit cards, medical bills, cash advances, old cellular phone bills, personal loans and deficiency balances on car repossessions. 

Secured or leased debts (such as house loans and car loans) must be paid back pursuant to your contract if you want to keep the property. There is no payment plan.  If you don’t want the property you can stop paying the debt and eliminate (discharge) it. In this case you can keep the property temporarily

If you qualify for Chapter 7, a discharge (or the clearing of your debts) takes place within approximately 4 months of filing, and there is typically only one court meeting, called a 341 Meeting of Creditors.  There is no Judge at this meeting, only a lawyer who is called a “Trustee”. With my firm, this meeting is usually quick (less than 10 minutes) and low stress.

AUTOMATIC STAY STOPS ALL COLLECTION IMMEDIATELY

The filing of a Chapter 7 Bankruptcy creates the AUTOMATIC STAY, which is a provision under the law that stops al collection such as a foreclosure sale, garnishment or repossession. Creditors must also stop contacting you. 

To file a chapter 7, there is a limit on how much property you can keep and how much income you can earn.  If you have too much property or income, you may be eligible to file a Chapter 13 Bankruptcy.  

CHAPTER 13 BANKRUPTCY

STOP HOME FORECOSURE, STOP AUTO REPOSSESSION -REDUCE UNSECURED DEBT 

With a Chapter 13 bankruptcy you will be required to make payments to court-designated trustee, who will then distribute the funds to your creditors. 

File Chapter 13 to stop or prevent a HOME foreclosure  – If you qualify, a Chapter 13 will stop or prevent a foreclosure if you are behind on your mortgage. You must continue paying your current mortgage payment but the arrearage (amount you are behind) can be paid back over a period of 36 to 60 months.   You must file the Chapter 13 BEFORE THE FORECLOSURE SALE to save the home. 

File a chapter 13 to stop or prevent auto repossession.  Chapter 13 can stop a repossession and even allow you to get your car back after its repossessed. 

IF your income is too high for a chapter 7, you can qualify to file chapter 13 to lower your credit card balances and other unsecured debt.

CREDIT REPORTING ON THE THREE CREDIT BUREAUS

There are three credit reports. They are Experian, Transunion and Equifax.  The Chapter 7 bankruptcy record can stay on your credit reports for up to 10 years from the filing date, and a completed Chapter 13 bankruptcy can remain on your credit report for seven years from the filing date. 

The accounts that were included in your bankruptcy may fall off your credit report earlier, as most negative marks get removed after seven years. 

WE ARE A DEBT RELIEF AGENCY. WE HELP PEOPLE FILE FOR BANKRUPTCY RELIEF UNDER THE BANKRUPTCY CODE.  

We Are a Debt Relief Agency. We Help People File Bankruptcy Under the Bankruptcy Code.
© Copyright 2020 - Danny Kallabat - All Rights Reserved