I know, it’s a pain in the butt to take time out of your day and go see an attorney. Especially a bankruptcy attorney. Nobody ever wants to come see me, if I had feelings, they would be hurt, but I’m a lawyer, so my feelings were removed in law school. So I tell ya what, you show up for your free initial consultation, and I’ll give you a free $5 Speedway Gift Card. Seriously. Just show up on the day you schedule your appointment for, and you get a free Speedway Gift Card.

Some of you may be saying “Hey Jeff, what good is a $5 Speedway Gift Card?” Well, first, don’t be a jerk it’s free money. Second, just look at all the amazing things you can get for only $5 at Speedway:

-$5.00 Worth of Gas
-A pack of the cheap cigarettes they keep in front of the counter.
-3 Diet Cokes.
-10 Buffalo Chicken Rollers, or Taquitos (Pro Tip: Buffalo Chicken Rollers are how I maintain my rockin’ dad bod).
-Enough candy to keep your kids quiet for 5 minutes.
-4 large cups of coffee.
-3 Mega Slushies.
-4 Hot Dogs (The Chili and Cheese are free so load up!).

Supplies are Limited so hurry up and get in!

Putting My Money Where My Mouth Is.

We’re good. That’s not bragging, just a statement of fact. My office has filed thousands of bankruptcies for people all over Michigan and delivered results. I am so confident that we can win you a bankruptcy discharge that I’m now offering a money back guarantee.

If you hire us and we file your Chapter 7 Bankruptcy petition, I guarantee that you will get your discharge, or we will refund all of your attorney fees. Period. When you hire me, you can rest assured that you will get the best possible representation, and won’t have to worry that you just gave what little bit of money you had left to some fly-by-night attorney who you hired from signs on the side of the road.

We promise results, we deliver results, or you get your money back.

Ass-Crack Money is accepted, but not our preferred method of payment.

We aren’t like most attorneys. It is true we may  be terrible human beings (as all attorneys are), but we are at least well intentioned and have a sense of humor. When someone is contemplating bankruptcy or unable to pay their bills it is incredibly stressful. It can feel like everyone wants money and won’t leave you alone, so the last thing you need is an attorney who hounds you for money and adds to your stress. My goal as a bankruptcy attorney is to reduce your stress, help you get to a place of financial stability, and start enjoying life again.

I could keep trying to make this a lofty blog post that is uplifting, but really i just wanted an excuse to share this email chain. And don’t worry, the person agreed to allow me to post it, they have a good sense of humor.

Retired and Bankrupt

Recently the New York Times reported on the surge of bankruptcy filings among retirees. You can find the article here. Retirees now face the perfect storm of vanishing pensions, longer waits for social security benefits, and surging healthcare costs.

Over the past decade of representing consumers in bankruptcy, I can say one of the most heartbreaking things is seeing people who struggled and saved for years and thought they were set for retirement realize that they cannot afford to relax and enjoy their golden years. Too often people delay retirement and work themselves to the bone because they simply cannot afford to live off of their retirement and pay their bills. I have seen people liquidate retirement accounts, mortgage their homes, and take out predatory payday loans just so they can keep their head above water. Because of their fixed income and the high interest rates and fees attached to their debts, many retirees find themselves trapped making minimum payments with no realistic opportunity to pay off their debts. Bankruptcy offers these people a way to live within their means and enjoy their retirement, but often those who need the relief of bankruptcy the most are the most reluctant to file.

They tend to be old-school, they pay their bills, they follow the rules, they want to do whats right, and they expect their creditors to treat them fairly. Unfortunately most retirees soon realize their creditors won’t play fair, won’t work with them, and frankly don’t care whether or not seniors can afford their prescriptions or their mortgage payments. Most retirees come devastated, not understanding why their creditors won’t work with them, and I don’t have a better answer than ‘because they don’t have to.’ Many feel that bankruptcy is a moral failing, that it means they are bad people, but that is far from the truth.

The truth is bankruptcy is a business decision, not a moral one —  it is the business of your life and you are the CEO. If paying off creditors means you can’t make mortgage payments, buy prescriptions, or are working a physically demanding job instead of spending time with family, it is time to consider bankruptcy. Most people that file bankruptcy can keep their homes, their retirement savings, and free up their finances enough that they can start living. The most common thing I hear from these clients are that they wish they hadn’t waited so long to talk to me. If you or a parent is having problems working with creditors and paying bills, it’s time to talk. Maybe bankruptcy is the best option, other times, it might make more sense to have an attorney negotiate with your creditor to restructure payments. You have options, but the longer you wait to act, the fewer options you have.

Don’t let debt chase you in retirement, call us today and see if we can help.



1st Annual Scholarship Winner

We would like to congratulate Julia Krueger for winning the Mapes Law Offices Scholarship, a $1,000 award.

julia-kruegerJulia is attending Loyola University Chicago and is pursuing a major in chemistry and a minor in German.

In her essay “All Aloan: My Childhood Struggle With Debt”, Julia poignantly described her own childhood conflicts with debt, growing up in a family that was living paycheck to paycheck, and how that made her into the person she is today. She wisely stated that, while she wanted to go to college, she didn’t want to take on the monstrous loans that were being offered to her. She clearly saw that while accepting loans might be the easy way out right now, the future could be wrought with debt and fear over how to pay that debt off. She knowingly stated, “I’ve experienced the effects of overwhelming debt firsthand, and the last thing I want is to live through it again. I know that anything I can do to minimize my debt now will pay off in the future, and I’m committed to working hard and taking out the bare minimum of loans. Debt is a stressful, insidious thing, and I don’t want it to be the deciding factor in my future.” With a good head on her shoulders, applying for scholarships, and a little help from Mapes Law Offices, we know that Julia will successfully graduate college without financial headaches and stress.

At Mapes Law Offices, we value education highly, but we don’t want students to be buried under a mountain of debt when they finish. That just isn’t the way to start their lives after graduating from college. They should be following their passions, not looking for jobs just to make their monthly payments. That’s why we created the Mapes Law Offices Scholarship, to help in any way that we can. We hope that this award will help Julia, and others like her in future years, to take hold of their educations, without worrying about the financial aftermath.

Which Bankruptcy Option Allows Me To Keep My Property?

When filing for bankruptcy, many people want to be sure that they will be able to keep their home. Because what’s worse than filing for bankruptcy, having to find a new place to live and moving? That might be a little too much for one person to handle. So, what can you do? Well, there are many different options when it comes to bankruptcy and many times it’s very valuable to meet with a bankruptcy attorney to discuss what is best for your situation. However, we’ll review a few options, so you can know what to expect.

How To Keep Your Property When Filing For Bankruptcy

  1. In every bankruptcy case, you are allowed to keep a certain dollar value in property. For example, you can keep up to $20,000 in home furnishings, $5,000 in value for a motor vehicle and $22,000 in home equity. And usually most people that file for bankruptcy have property that is well within their exemptions and will not lose any of their property regardless of what chapter they file.
  2. However, if you do have a property that is non-exempt, filing for a chapter 13 might be the best decision. For example, if you have a home with $30,000 in equity and you file a chapter 7, you might have to sell your house. You would be paid the first $22,000 from the proceeds representing your objection, the trustee would take their fee, let’s say $2,000, and the remaining money, $6,000, would be used to repay your creditors. In a situation like this, it might be better to file a chapter 13. As long as you promise to repay your creditors at least $6,000 over the span of up to 5 years, you can keep your property because your creditors end up getting the same amount in a chapter 13 as they would in a chapter 7.
  3. Your decision will also depend on what state you live in. Certain states have exemption laws that may allow you to keep your property. For example, in Michigan a debtor can choose between two sets of exemption laws, federal exemptions and state exemptions. In other states, you may not have the choice and will only have one or the other. Determining what set of exemptions to use is best left to your attorney. In Michigan, if you have $56,000 of home equity, you may be able to protect all of it under the Michigan state exemptions, but not federal.

Deciding what route to take when filing for bankruptcy can be very overwhelming. Determining what chapter to file and what exemptions to use might make your head explode. And that’s why it’s always best to work with an experienced bankruptcy attorney. You want someone knowledgable on your side to explain your best options. Check out our post 5 Questions You Should Ask Your Bankruptcy Attorney to help you find the attorney that’s right for you.

At Mapes Law Offices, we help our clients determine the best course of action for their unique situation. Since 2008, we have been walking our clients through bankruptcy and onto financial success. All of our attorneys attend an average of 30 hours of continuing education every year. We know how important this is, as the laws are always changing. However, continuing education is not required by law, so many other firms don’t require their attorneys to do it. We want to be on top of our game to give our clients the best service possible.

If you are in the West Michigan area, and are looking for a bankruptcy attorney, give Mapes Law Offices a call at (616) 719-3847 or request your free consultation today. We work hard for you, because we know how difficult filing for bankruptcy can be.

What Are The Negative Consequences To Filing For Bankruptcy?

Before you decide if you need to file for bankruptcy, it’s best to know what to expect when you do. Everything from the process to the negative consequences, will help you decide if this step is right for you. Many times, it’s easy for people to choose to file for bankruptcy because their financial situation is so bleak, and this is the step that will help the repair the damage. In this way, bankruptcy can be seen as a stepping stone toward financial freedom, instead of as a financial failure, as it’s often seen.

For many people, filing for bankruptcy is their last option. Instead of piling on the doom and gloom, here are the realistic consequences of filing for bankruptcy.

  1. The major negative consequence is that filing for bankruptcy will negatively affect your credit score. But like most people looking to file for bankruptcy, your credit score is probably already in pretty bad shape. So while this is not great, it’s not doing that much more harm.
  2. If you have substantial assets, there is the potential that they could be taken away by the bankruptcy trustee, but a skilled attorney can help you protect those assets and make sure that nothing bad happens.
  3. It generally takes about 2 years after a bankruptcy until someone can qualify for a mortgage. The positive is that after 2 years your credit score should be way better than it was before the bankruptcy.

As you can see, the consequences aren’t that negative and filing for bankruptcy could actually improve your financial situation. It’s a fresh start, a new day to make better financial decisions. And the right bankruptcy attorney can help you do just that.

At Mapes Law Offices, we don’t just see filing for bankruptcy as another case, we see it as a way for you to improve your financial situation. We understand that good people go through rough times. And we help those people get back on their feet. We work with you to create a plan that will help you get back on track financially. We want to help you establish a stable financial future and we know that means creating a solid plan together. If you’re in the Western Michigan area and are looking for a bankruptcy attorney, give us a call at Mapes Law Offices at (616) 719-3847 or request your free consultation today. One call can be all it takes to start on the path to a better financial future.

What Are the Steps for Filing for Bankruptcy?

If you’re thinking of filing for bankruptcy, the process can seem really overwhelming. You may not know what to expect, how long the process will take or how it will affect your life moving forward. Knowing the answers to these questions will help you make your decision and will relieve some stress in the days to come.

Understand that most people who file for bankruptcy have simply found themselves in a bad situation. The first step is to find a bankruptcy attorney who understands your situation and is willing to help you for the long haul. Filing for bankruptcy doesn’t have to just be about your current situation. It’s a step toward financial security and the right lawyer will help you get there. That being said, here are some steps that you can expect to go through when filing for bankruptcy.

  1. Find the right bankruptcy attorney for you. Read 5 Questions You Should Ask Your Bankruptcy Attorney to help you find exactly who’s right for you.
  2. You will meet with your bankruptcy attorney and they will help you decide what is the best chapter to file.
  3. You will return to your attorney with documentation of your debts and assets. This will help your attorney prepare your bankruptcy petition. This is also when your attorney will ask more in depth questions about your case.
  4. You will then meet with your attorney again to review the petition, sign it and file it with the court.
  5. Four to six weeks after filing, you will attend a meeting of creditors. This is not a court hearing and there is no judge. You meet with a trustee, who is another lawyer that asks the same sort of questions your attorney did. This meeting will take maybe 5 minutes and, if your attorney does their job properly, it is really boring. Technically any creditor can show up and ask you questions, but that only happens around 1% of the time.
  6. After the meeting of creditors, you will receive a discharge within 3 to 4 months. That’s usually 2 to 3 months after that the case is closed and everything is finished.

Filing for bankruptcy can be scary, but the right bankruptcy attorney will make all the difference in the world. At Mapes Law Offices, we work hard for you. We see filing for bankruptcy as a step toward financial freedom. We not only help you in your current situation, we also help you plan for your future. We want to see all of our clients succeed and that means working with them to create a plan for their future.

If your in the West Michigan area and thinking of filing for bankruptcy, give Mapes Law Offices a call today. We will discuss every step of the process with you and help you decide what is your best course of action. Sign up for your free initial consultation now or give us a call at (616) 719-3847. Take your first step toward financial freedom, you’ll be glad you did.

How To File Bankruptcy Yourself, A Cautionary Tale

In our day and age of DIY everything, it may seem like filing for bankruptcy yourself is the way to go. You may think, “My case isn’t that complicated. I could probably do it on my own. I have a buddy down that street that can help me.” Tread wisely! Filing for bankruptcy means huge changes in your life. And if it’s not done correctly, it could really cost you, and not just financially.

Of course, being a bankruptcy law firm, we always recommend working with a professional when filing for bankruptcy. You may think we’re biased, but here are some very important reasons why it is best to avoid DIY bankruptcy.

  1. It is very risky. You wouldn’t do your own dentistry, don’t do your own legal work. Some things in life just require an expert.
  2. It could hurt your family. If you don’t know what to look for, you could end up getting family members sued by a trustee to recover money you repaid to those family members.
  3. You could loose everything. The most confusing part for debtors who file on their own are claiming exemptions. This is a very nuanced area of law, and if it’s not done properly you could lose everything you own.
  4. It could cost you. It usually costs twice as much to fix a bankruptcy someone else filed as it does to file it right the first time.

We usually tell this old lawyer joke to unconvinced clients to help convey the benefits of using a bankruptcy lawyer:

“The huge printing presses of a major Chicago newspaper began malfunctioning on the Saturday before Christmas, putting all the revenue for advertising that was to appear in the Sunday paper in jeopardy. None of the technicians could track down the problem. Finally, a frantic call was made to the retired printer who had worked with these presses for over 40 years. ‘We’ll pay anything; just come in and fix them,’ he was told. When he arrived, he walked around for a few minutes, surveying the presses; then he approached one of the control panels and opened it. He removed a dime from his pocket, turned a screw 1/4 of a turn, and said, ‘The presses will now work correctly.’ After being profusely thanked, he was told to submit a bill for his work. The bill arrived a few days later, for $10,000.00! Not wanting to pay such a huge amount for so little work, the printer was told to please itemize his charges, with the hope that he would reduce the amount once he had to identify his services. The revised bill arrived: $1.00 for turning the screw; $9,999.00 for knowing which screw to turn.”

When you hire a bankruptcy attorney, you’re not just hiring someone to type up forms, you’re hiring them for their knowledge. There are many things that could come up during your bankruptcy that you just won’t know how to handle, but an experienced professional will.

That’s why, if you’re in the West Michigan area, you should call us at Mapes Law Offices. We help hundreds of clients file for bankruptcy every year. But what really sets us apart? Attorneys in Michigan are not required to do continuing education, but at Mapes Law Offices we require our attorneys to complete 30 hours of continuing education every year. And with laws changing all of this time, we think this is an important step that we take to ensure our clients get the best representation possible.

If you’re facing a bankruptcy, give us a call today at (616) 719-3847 or request your free consultation. This could be the step you take that leads you toward financial freedom.

What’s The Difference Between A Chapter 7, 11 and 13 Bankruptcy?

Many people might not know that they have options when it comes to filing for bankruptcy

A chapter 7 bankruptcy is the most common, but it might not be the right option for you. This is why it’s important to meet with a bankruptcy attorney. They will be able to assess your case and advise you on the best course of action, be it a chapter 7, 11 or 13 bankruptcy.

So, what are the differences between these bankruptcies?

Chapter 7:

  1. It is usually over within 6 to 8 months.
  2. It will discharge most of your debts.
  3. You can keep your home or your car, but you have to pay at the same interest rate and terms as before the bankruptcy.
  4. Income limits exclude people who can afford to repay their debts.
  5. You could lose non-exempt property, but most people never do.

Chapter 13:

  1. You will repay a portion of your debts over the next 3 to 5 years.
  2. You pay what you can afford. If, for example, after living expenses you have $200 left over every month, that is what you pay. Your creditors get cents on the dollar for what is owed, and any remaining unpaid debt is discharged.
  3. Debts owed to a former spouse can be discharged in a chapter 13, but not 7 or 11.
  4. You can modify the terms of secured loans. For example, if you have a car that is worth $10,000, but you owe $20,000 on it and pay 18% interest, you can keep it in a chapter 7 but you would owe the full $20,000 and pay at 18% interest. In a chapter 13, we could modify the loan terms so you only pay $10,000 at 4.5% interest.
  5. If you have a home that is underwater, a 13 can eliminate the second mortgage. For example, if your house is worth $150,000, with a first mortgage of $160,000 and a second mortgage of $50,000, we could discharge the second mortgage entirely, so you would only owe the first mortgage.
  6. If you are behind on house payments, we can cure the arrearages over a span of up to 5 years and prevent foreclosure.
  7. You can keep property that you may otherwise lose by filing a chapter 7.

Chapter 11:

  1. This is usually for businesses, but it can be filed for individuals. However, it is rare.
  2. It is basically a chapter 13 on steroids. There are slight differences, but they are very nuanced and complex. If you think a chapter 11 is right for you, it is best to discuss this matter with a skilled bankruptcy attorney.
  3. It is usually only used for high income debtors, as it costs a minimum of $10,000 in attorney fees to file.
  4. It could be your best choice, if you have substantial income or assets.

If you are facing filing for bankruptcy, we always recommend speaking with a professional. As you can see, there are many options and it is important that you get the best representation available to help you choose what will be right for you.

If you are in Western Michigan and are looking to speak with someone about bankruptcy, give us a call at Mapes Law Offices. We have been servicing the area since 2008 and have helped hundreds of clients out of their debt and onto financial stability. With Mapes Law Offices, you not only get a highly skilled bankruptcy attorney, you also receive help and guidance to step toward a brighter financial future. We take pride in our work of helping good people go through bad times. We understand that life can take a turn and we’re here to help. Give us a call today at (616) 719-3847 or schedule your free consultation now.