Seglund Gabe Pawlak & Groth, PLC

Conveniently located in Wixom and Bloomfield Hills

  • Main office

    28345 Beck Road Suite 301 Wixom, Michigan 48393
    Phone: 248.869.0030
  • satellite office

    (by appointment only)
    41000 Woodward Avenue
    Suite 350 East
    Bloomfield Hills, MI 48304

Our Blog

Take Action Early When Facing Growing Debt or Bankruptcy

05.05.2015 by Law Firm of Seglund Gabe Pawlak & Groth in Bankruptcy



Debtors can reduce their losses by taking a proactive stance towards managing debt and by working with a bankruptcy lawyer to address their specific financial needs.

bankruptcyFinancial expenses and excessive spending can creep in quietly, leaving people questioning where all
their debt has come from. However, once debt accumulates to an unmanageable amount, it is especially important to be organized and proactive about addressing it. Don’t wait until assets are in jeopardy or wage garnishments are levied against you to take action. If you feel you are in need of serious help, take the time to understand your entire financial situation and find ways to tackle issues one step at a time.   Bankruptcy may or may not be your best course of action, and by consulting with a bankruptcy lawyer or financial counselor, you can create a plan that is best for your individual situation.

Taking Action is a Priority

The most important thing to remember is you cannot just ignore debt. Balances will continue to rise as interest accrues and creditors can become more and more assertive if they receive no reply or acknowledgement.

Research Your Credit

The best place to begin is by contacting all three credit bureaus to obtain a personal credit report. This information can be compared and analyzed to determine what outstanding debts have been reported.   It is also important to research whether creditor judgements have been added to your credit file so you know whether or not to expect a bank levy or wage garnishment in the near future. A bankruptcy lawyer can assist you in obtaining these reports and in many cases, a credit report can be found online for free from various third-party services.

Once you have a credit report, you can see which accounts are past due and what amounts are due to different creditors. Be proactive with this information by contacting your creditors and requesting a settlement. In some cases, a creditor will agree to settle your debt for a lower amount than you owe if you can provide immediate payment or agree to an automatic payment plan. Consult with a bankruptcy lawyer to determine which accounts could be settled in this manner and whether or not this effort is beneficial to you.

When to Seek Professional Assistance

If wage garnishments or bank levies have already hit your account, it is best to hire a bankruptcy attorney. Your attorney can explain the steps necessary to remove the garnishments, but be aware that any money that has already been taken is likely to be lost forever. This is why it is so important to be proactive and take steps to manage debt before this happens. When working with your lawyer, it is important to complete any necessary paperwork on time, follow-up consistently on your case, and provide thorough and accurate information to the attorney. This way, you can work together to assess your situation and determine the best financial course of action for you

Seglund Gabe Pawlak & Groth, PLC

If unmanageable debt is burdening your life, it is time to consult with a bankruptcy attorney to learn about your options for getting your fresh start. Our experienced attorneys are committed to providing our clients with the guidance and support that they need to resolve their legal issues. With over five decades of experience serving clients in Southeastern Michigan, the attorneys of Seglund Gabe Pawlak & Groth, PLC have the experience and resources to resolve your legal issues. Our expert bankruptcy law attorneys are seasoned professionals that will help you successfully navigate this time in your life.


28345 Beck Road, Suite 301
Wixom, MI
Phone: 248-869-0030
Fax: 248-869-0039


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