CHAPTER 13

 

Detroit bankruptcy Lawyer

     Chapter 13 is a debt repayment plan that allows you to keep your car and home, even if you are behind in your payments, and you can keep all your assets. It also allows you to combine your debts into one payment where you can repay them within 3-5 years, with no interest, late fees, or penalties adding on your accounts each month. The amount of your plan payment depends on your income, monthly living expenses, and the amount of your debt. Your unsecured debt(credit cars, medical bills, utility bills, etc.) can be repaid as little as 10 cents on the dollar. Once you have completed your chapter 13 plan and receive your discharge, you will never again owe those debts. They are wiped away and you will get a fresh financial start. 

       If you have a house that may go into foreclosure or are about to have your car repossessed, then you will want to consider a chapter 13. The chapter 13 will stop your foreclosure, provided that you file your bankruptcy case before the sheriff’s sale. Also, the chapter 13 will stop any repossession action against you. The chapter 13 will also stop any garnishments on your paycheck and stop all those harassing creditor calls. 

If you have:   

     Call your Detroit Bankruptcy Lawyer today for a free consultation at (586) 439-4297, extension 0, and see how I can protect your home and your dreams and give you a fresh financial start. I will review your financial situation to see if chapter 13 is available to you.