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Bankruptcy Attorneys. Insolvency: Liquidation and Reorganization

Bankruptcy Code in Title 11 of the USC. Seek counsel to help navigate your way out of financial deadends. No matter the cause of your financial difficulties Zamzow Fabian PLLC's attorneys can help liquidate your assets or reorganize your debt to reduce the financial burden. There is no perfect time to declare bankruptcy, but for every day that passes is another lost opportunity. Zamzow Fabian PLLC will assist municipalities, businesses, and individuals with their bankruptcy issues.

Contact Zamzow Fabian PLLC regarding your bankruptcy options:


Chapter 7
Liquidation bankruptcy. Under certain circumstances individuals and businesses may qualify for chapter 7 filings. Remains on ones credit report for approximately 10 years.


Chapter 9
Equivalent to a municipal bankruptcy. This option is only available to municipalities. We encourage municipalities to contact Zamzow Fabian PLLC for financial consulting several months or even years prior to electing bankruptcy.


Chapter 11
Primarily a corporate function of reorganization. Judicial oversight typically resolves the financial difficulties under this filing.


Chapter 12 (farmer/fisherman) or Chapter 13
Individual reorganization and rehabilitation. Statutory relief may be granted without creditor approval. This chapter is often referred to as the 7 years of bad credit to avoid an immediate foreclosure option. Creditors must be paid pursuant to a 3-5 year plan.



Bankruptcy is a social contract between individuals, businesses, and municipalities. Public policy dictates where one party is in such dire financial straits that there is no way out, it is far better for society in whole to allow that party to declare bankruptcy (pay a penalty of time and start over), than it would be to drive that party into perpetual servitude. Bankruptcy is not an ideal situation for anyone, but it certainly can be a way towards regaining freedom. Chapter 7 (liquidation) and reorganizations under Chapter 9 (municipal), Chapter 11, Chapter 12, and Chapter 13.
Contact our bankruptcy law attorneys for a free consultation (616) 965-2621 or fill out an online contact form here.
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Downtown Grand Rapids
15 Ionia Ave SW, Suite 460
Grand Rapids, Michigan 49503
United States of America

616.682.7007

Monday - Friday 9:00am 5:00pm

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Michael Zamzow - MichBar.org •  Pavol Fabian - MichBar.org