Livonia Michigan Bankruptcy - Michigan Bankruptcy Blog

Livonia Michigan Bankruptcy

Michigan Bankruptcy Blog

Archive for September, 2012

Livonia Bankruptcy Attorney Reviews

Posted by Peter Behrmann, Esq. On September 27th

Livonia Bankruptcy Attorney Reviews

 

Trying to figure out what attorney to hire can often be quite complicated.  If you feel comfortable discussing bankruptcy with your family members and friends, they might have a personal referral for you.  We actually receive most of our new clients from personal referrals from previous clients. 

Our vision has always been to provide personalized bankruptcy service in a caring and compassionate manor.   Below I have compiled thank you notes and reviews that prior clients have sent to me.  Check them out and if you want to learn more about me and my firm, give us a call for a free confidential consolation.

 

Very Strong and Knowledgeable Support!

I interviewed four attorneys before choosing to work with Peter. He has just the right amount of interest, concern, knowledge, and support that made me feel comfortable and in good hands. Other attorneys were either not that interested in me (“just another case”) or looked at me as a way to make money (my case was complicated). Peter and Jeri are enthusiastic and interested in their work, which means they poke into all the corners and under every rock instead of just putting your case through the same formula as every other case — this is critical when you’re going through something as important and emotional as bankruptcy. Plus, they took my anxious questioning very well and were available to me when I needed answers. Hiring a bankruptcy attorney is an important decision, and I’m thrilled to say I chose the right one. I would recommend Peter to anyone going through this process.
– Marcia, a Chapter 7 Client

They saved my home!

I was 6 months behind on my mortgage when I first called Phoenix Law. Peter and Jeri helped me save my home and take care of all of my debt. I have recommended them to friends of mine and they have also taken care of them. They are life savers!
– Jen, a Chapter 13 Client

You definitely want him in your corner!

I am still currently working with Peter as he helps we guide my beat up vessel through the icebergs of Chapter 13 Bankruptcy. It has been a very pleasant experience from the get go. The world of Bankruptcy is scary to those who know little about it, frustrating to those in it, and relieving to those who have left it in the past. Peter has been wonderful in getting me exactly what I wanted and was looking out for my best interests all the way. I can’t think of another Lawyer or law firm I would want to guide me through this trying time in my life. Whenever I hear of someone close to me struggling to stay afloat, I don’t hesitate to hand them a business card and say, “please go talk to Peter”. It’s one of these situations where I am thankful for him but at the same time, 4 years from now, I hope I never have to see him again in this regard!
– Brandon, a Chapter 13 client

Peter Behrmann – Lawyer

Peter and his Wife are a great Lawyer team! They helped my husband and I with our legal issues with promptness and compassion. They explained everything to us in terms we understood, and were swift in settling our financial problems. If my husband and I ever need a lawyer again we will call Peter Behrmann!
– Karen, a Chapter 13 Client

Great Attorney

He really helped me out and was very understanding. No pressure at all. Would definitely hire him again if I had to!
– Matt, a Chapter 7 client

Positive

Right from the start Peter had my Trust and confidence in him. He was down to earth and very likeable. Peter knows his material and I would send anyone I know that would need his help like I did.
– Katherine, a Chapter 13 client

An embarrassing situation to a somewhat pleasant experience and necessary action.

I thought it would be an embarrassing situation, but Peter turned it into a more assuring and necessary experience. The whole case was a learning experience.
– John, a Chapter 13 Client

Good Choice

Peter was very helpful in assisting me with my bankruptcy. He was always very responsive whenever I had any questions or concerns. I would highly recommend him to a friend.
– Michelle, a Chapter 13 Client

Peter Behrmann is Kind and Compassionate.

Peter Behrmann is very kind and compassionate. I truly believe he has empathy, by that I mean he puts himself in your shoes. It goes without mention his knowledge of the law was more than I expected. (Outstanding) I felt empowered after speaking to the man.
– Kevin, a Bankruptcy client

Exceptionally Accommodating, Instructive, Helpful, Caring and Considerate.

Peter has been very helpful and informative. I am very fortunate to have his help and guidance. I know that whomever he works with will experience the same. He is knowledgeable and extremely conscientiousness. He explains procedure and the timeframe exactly. I feel very comfortable with him in my corner and appreciate his attention to detail and caring manner.
– Ruthie, a Bankruptcy client

Excellent Choice

I was very pleased with Mr. Behrmann and his office staff. He took the time to explain everything that happens with a Chapter 13 case. Anytime I had a question, Mr. Behrmann always responded before the end of the day. I have given Mr. Behrmann name out to friends and family.
– Kimberly, a Chapter 13 client

Attorney Consultation

I went into my bankruptcy with fear and anxiety. But the second I met Peter, he made me feel at ease with my decision and guided my through the entire process. He was very knowledgeable and always answered my questions and made me feel secure with the process. He is a very friendly and laid back person which made it easier for me to talk to him. I would recommend Peter to my friends because I know how difficult it is to find an attorney who is actually looking out for your best interest and not just another “client”.
– Alayna, a Chapter 7 client

Client Review of Peter

His law firm did a great job in helping my wife and I through our difficult time. He was friendly, helpful, and put our concerns first. I would recomend him to others.
– Adam, a Chapter 7 client

Very Knowledgeable, Organized and Well Prepared

Peter, Jeri and Monique are very professional and comfortable to work with. The information we received at each appointment was very through and we never left without all the answers we needed. When we arrived at court we saw just how well we were prepared compared to others in the court with other attorney’s.
– Tom and Lori, Chapter 7 clients

Bankruptcy Evaluation

This is by far the best I could have hoped for in a lawyer. In a time of need Peter was very helpful and took care of all my need’s. if you are going through the same time in your life HE is the one for you .
– Timothy, a Chapter 7 client

Peter Behrmann & His Staff are Knowledgeable, Personal & Comforting!

After my wages were garnished for condo association dues on a condo I co-signed for with my son (who had previously filed bankruptcy) I called Peter, who was recommended to me. I called his office assistant, Monique and she got me in for an appointment that day. Peter calmed me down and said he can help me get through this. I gathered all my information and had it back to him the next day and Peter filed it immediately. Whenever I called with questions, Peter always took my calls. Peter & Monique kept me informed on exactly what was going on with my case and gave me detailed information about it.
– Cheryl, a Chapter 13 client

Bankruptcy filing Review of Phoenix Law

The crew at Phoenix Law treat you as a person during the emotional time of filing for BK. They are very comforting during the process and provide everything you can expect during the filing where you have very few questions left. I was scared to death before talking to Peter for the first time. After that i was at ease. I cannot thank this firm enough for the service they provided.
– Jay, a Chapter 13 client

Peter Behrmann is a Livonia Bankruptcy Attorney.  From my Livonia, Michigan location, I represent clients throughout Metro Detroit and beyond, including Garden City, Wayne, Westland, Redford, Dearborn, Taylor, Ann Arbor, Belleville, Northville, Novi, Farmington, Farmington Hills, Plymouth, Canton, and the Counties of Wayne, Oakland, Livingston, and Washtenaw. My practice is limited to helping consumers like you file Chapter 7 and Chapter 13 Bankruptcy, and Foreclosure Prevention.

Keeping a Car in a Chapter 13 Bankruptcy

Posted by Peter Behrmann, Esq. On September 21st

Keeping a Car in a Chapter 13 Bankruptcy

In a Chapter 13 Bankruptcy, you have a few more options on keeping a car then you do in a Chapter 7 Bankruptcy.  You can use a Chapter 13 bankruptcy to keep a car that you are behind on payments on and/or get a car back that has already been repossessed.  Also, you can lower your car payment to a more manageable payment and even lower the interest rate to a more manageable rate. 

The first thing we look at when you’re looking to keep a car in a Chapter 13 bankruptcy is the basic facts surrounding your vehicle.  We need to know:

  • How much you owe on your car?
  • Who is your vehicle lender? (Ford Credit, Capital One, etc.)
  • What are your monthly payments?
  • What is your interest rate on the vehicle loan?
  • What is your car worth?
  • When did you purchase the vehicle?
  • Have you ever refinanced your vehicle lone?

With the information above we then determine if it makes sense for you to keep your car loan current and paid direct by you.  Or if it would be more beneficial for you to have the Chapter 13 Bankruptcy Trustee make the car payments for you. 

Usually, we decide to have you continue making your car payments directly if you are 100% current on your car loan and have an interest rate of less than 5% on your vehicle.  In these situations, the bankruptcy is most likely not going to save you any money on your car loan and having you continue to make the payments directly will actually cost you less in the long run and provide more money to your other creditors. 

On the flipside, if you have an interest rate more than 5%, you’re not 100% current on your car loan, or you happen to owe more on your car then your vehicle is worth we will most likely make the decision to have your Chapter 13 payment include your vehicle payment.  For example, if you happened to purchase a car through Credit Acceptance or Santander you most likely have a car loan with an interest rate of 19% to 24.99%.  If we have you continue paying your car payment you have to continue paying that high interest rate, where if I have the Chapter 13 Bankruptcy Trustee pay the car payment for you we can modify the interest rate to 5%!  Simply by lowing your interest rate can come with substantial savings to you that we can use to help get your home current, pay back tax bills, or simply pay other unsecured debt that you would not otherwise be able to pay.

Further, if you have purchased your vehicle more than 910 days ago (2.5 years) and you happen to owe more on your car then it is worth, we can go even further and cram down the amount that you owe on your car to the current value of your car.  So if you happen to owe $10,000 on a car loan with an interest rate of 19% and the car is only worth $6,000.  We can modify and cram down your car loan in a Chapter 13 plan to an interest rate of 5% and only pay back your car lender back the $6,000 that you vehicle is worth. 

Peter Behrmann is a Livonia Bankruptcy Attorney.  From my Livonia, Michigan location, I represent clients throughout Metro Detroit and beyond, including Garden City, Wayne, Westland, Redford, Dearborn, Taylor, Ann Arbor, Belleville, Northville, Novi, Farmington, Farmington Hills, Plymouth, Canton, and the Counties of Wayne, Oakland, Livingston, and Washtenaw. My practice is limited to helping consumers like you file Chapter 7 and Chapter 13 Bankruptcy, and Foreclosure Prevention.

Keeping a Car in a Chapter 7 Bankruptcy

Posted by Peter Behrmann, Esq. On September 6th

Keeping a Car in a Chapter 7 Bankruptcy

One of the most common questions I am asked is “When I file Chapter 7 Bankruptcy will I be able to keep my car?”  99% of the time the answer is yes.  If the car is owned free and clear then I should be able to protect the car with your Bankruptcy Exemptions.  If you owe money on the car then you will have to sign a reaffirmation agreement.  A reaffirmation agreement is an agreement with the car lender where you will reaffirm your financial commitment to the vehicle lender.

When you file for bankruptcy protection, your car lender can no longer send you invoices, and will not contact you regarding your vehicle. You will have to make sure you have the address and account number handy so you can continue making payments on your car until you are able to sign a reaffirmation agreement.  You will simply mail your vehicle lender your normal payment amount by check or money order to their payment address.  You will want to make sure you include your account number on all payments mailed to receive proper payment credit.  For us to get you a reaffirmation agreement, it usually takes about two months so plan on making two or three payments this way.

The reason you have to sign a reaffirmation agreement is because the Bankruptcy Act of 2005 has eliminated the so-called “pay and drive” option. If you intend to retain possession of the vehicle after discharge, it will be necessary for you to reaffirm your obligation with your car lender pursuant to the Bankruptcy Code.

Further, Section 521(a)(6) of the Bankruptcy Code provides that you shall not retain possession of personal property as to which a creditor has an allowed purchase money secured claim, unless you, no later than sixty (60) days after the first meeting of creditors, either reaffirms or redeems the property. The Bankruptcy Code further provides, if you fail to reaffirm or redeem within sixty (60) days after the first meeting of creditors, the Stay is automatically terminated and the vehicle lender can repossess your car. 

Some vehicle lenders such as Ford Motor Credit Company LLC will strictly enforce these Bankruptcy Code provisions if you do not sign a reaffirmation agreement.  Ford will repossess your vehicle even if payments are kept current if you do not sign a Reaffirmation Agreement.

Lastly, some Detroit area law firms charge extra to help you file a reaffirmation agreement.  At Phoenix Law our fees include representing you throughout the reaffirmation process. We will work with you and your vehicle lender to receive a reaffirmation agreement and walk you through the reaffirmation process at no additional charge. 

Peter Behrmann is a Livonia Bankruptcy Attorney.  From my Livonia, Michigan location, I represent clients throughout Metro Detroit and beyond, including Garden City, Wayne, Westland, Redford, Dearborn, Taylor, Ann Arbor, Belleville, Northville, Novi, Farmington, Farmington Hills, Plymouth, Canton, and the Counties of Wayne, Oakland, Livingston, and Washtenaw. My practice is limited to helping consumers like you file Chapter 7 and Chapter 13 Bankruptcy, and Foreclosure Prevention.

Photo Credit: Wstera2’s