Appointments with our Office
Posted: March 20, 2015 by Jeffrey J. Randa
The bankruptcy law office Jeffrey J. Randa is located in the heart of downtown Mount Clemens. We are across from the Macomb County Circuit Court building and in-between a Subway and a Lady Jane’s Salon. When you enter the lobby of our building you will be directed to state your name and who you are here to see (Jeffrey Randa) through an intercom. One of our staff members will then greet you and bring you on back to begin your appointment.
Prior to your appointment date you would have already received directions to our office and a list of documents to gather and bring in with you. One of our staff members will go over these documents, step by step, beginning with your income and expenses. Our first priority is to make sure you are qualified based on exact amounts from your income advices. If the amount of income you have coming in is under the allowed federal maximum the first qualification is met and we will continue on to reviewing your financial budget and determining your disposable monthly income. Your budget is the second key factor that is used when determining your eligibility to filing Chapter 7 bankruptcy. It is determined by the amount of money you have coming in verses the amount of expenses you have going out. Calculating the difference between the two allows us to see your disposable monthly income. Those who file Chapter 7 bankruptcy have very little income left over after their everyday living expenses (which does not include payments towards debt) that they cannot pay back their creditors. We will go over what you spend towards rent or mortgages, utilities, car payments, insurances, and other allowable living expenses to evaluate your budget.
The next step of our bankruptcy appointment is to evaluate your assets. Often, individuals become hesitant when asked of their belongings. They are possessions one typically does not want to give up nor are willing to. When we review your assets we are evaluating what we can protect (not take away) through your bankruptcy filing, so it is very important to be open and honest with our staff through this process to make sure we are able to protect all of your belongings. When filing Chapter 7 bankruptcy you are allowed a set amount of federal exemptions. These exemptions protect the assets you have. During your appointment with us we make sure we can protect everything you own. If there is something we cannot protect we will then provide you with your options, what we believe is the best route, and allow you to decide how you would like to move forward.
After reviewing your assets, we will then begin to discuss your debts and liabilities. We will talk about whom you owe monies to: creditors, garnishments, lawsuits, repossessions or foreclosures. We will also discuss your usages of credit cards, differences between secured and unsecured debt, and how to handle your creditors now that you are in the process of filing for bankruptcy.
These are just a few examples of the many subjects our office will go over and discuss with you when you come in for your bankruptcy appointment. We will answer any questions you may have and explain the bankruptcy process from there forth. We will also make copies of any original documents brought with you as well as provide you with a folder to store them. The folder will also contain additional information for you to read on your own spare time or to reference back to. Our office takes pride in the way we handle our bankruptcy processes. We make sure we cover everything necessary in order to allow you to walk out our double doors feeling confident in the decision you have made. It is our job to relieve your stress, not add more on with issues down the road due to an inefficient attorney and staff; we will never be that office. If you are waiting to meet with us and have questions prior to your appointment, or if you are looking to discuss your options, give our office a call today at 586-465-1980. A staff member will always be available during standard business hours, Monday through Friday, 8:30 AM – 5:00 PM.