Joseph L. Grima & Associates, P.C. was founded as a bankruptcy law firm in 1991, specializing in consumer bankruptcy law, with a focus on both Chapter 7 and Chapter 13 bankruptcy. We provide excellent legal advice to our clients, honed by years of legal experience in the bankruptcy field. We stay on top of current bankruptcy case law, studying every new bankruptcy decision that comes down both in the Eastern District of Michigan and nationally to understand changes in bankruptcy law, the potential impact on our clients and to be able to provide good, accurate, up to date legal advice to our clients.
We at Joseph L. Grima & Associates, P.C. understand that when potential clients call, their world is usually falling apart due to the stress of being unable to pay their bills and due to constant creditor harassment. Our job is to protect our clients, to ease the stress that they are going through and to assure them that everything will work out. When the bankruptcy is over, the clients should be on a sound financial footing and their credit scores should start improving.
Through this invaluable tool that is bankruptcy, we can among other things stop creditor harassment, stop vehicle repossessions, recover repossessed vehicles, restore driver licenses, stop wage garnishments, stop foreclosures, catch up mortgage arrearages over time and force taxing authorities to accept payment plans that the client can afford.
Over the years, we have been able to help multiple clients dealing with tax issues involving taxing authorities, in particular the Internal Revenue Service (the IRS), but also the State of Michigan and City of Detroit. The filing of a Chapter 13 Bankruptcy will freeze both interest and penalties to the taxing authority, and will usually either reduce or completely eliminate the penalty amount that has to be paid back. We have a saying in the bankruptcy world that a dollar paid to the taxing authority through Chapter 13 is worth a dollar, whereas a dollar paid directly to the taxing authority outside of bankruptcy is only worth about 30 cents. This because interest and penalties keep on accruing when the client makes a payment plan directly with to the taxing authority, whereas they stop accruing once the client starts paying the tax back through a Chapter 13 Bankruptcy.
We are proud to say that through our work we have been able to keep families together. We have had numerous situations over the years where marriages were getting strained due to financial stresses combined with creditor harassment. In the majority of these cases, filing bankruptcy relieved the families of these financial pressures, thereby saving the marriage. There is nothing more satisfying to us than seeing such a result.
We assure our clients that they are doing nothing “immoral” when they file bankruptcy. Rather, we emphasize to our clients that the filing of a bankruptcy is a business decision, not a moral decision. After all, creditors do not lend money because it is the moral thing to do. Rather, the creditors lend money because it is good business for them to do so. We explain this to our clients, advising that when they file bankruptcy, they are making their own business decision, (as opposed to a moral decision) to get rid of debt they can no longer afford to keep.
Call the law offices of Joseph L. Grima & Associates, P.C. at (800) 603-3333 to see how we can help you.