Filing for Chapter 13 Bankruptcy in Michigan
See if you qualify! Call Free at (888) 258-0651
Starting Fresh with a Payment Plan
Chapter 13 of the U.S. bankruptcy code allows those going through financial
hardship a road out by offering a payment plan over a period of three
to five years. If you are struggling to cope or getting behind on your
debt repayments and bills,
bankruptcy can help you start over with a fresh outlook on your life and finances.
Very often a person is looking for a
debt relief solution due to circumstances beyond his or her control - such as job
loss, medical conditions, divorce, or the death of a spouse. While there are many
alternatives to bankruptcy and it is not the best solution for everyone, learning more about the
bankruptcy process from an experienced Michigan bankruptcy attorney can
help you decide if a Chapter 13 bankruptcy is the smartest resolution
for your specific situation.
Will I be able to keep my assets?
Chapter 7 where your non-exempt property may be liquidated, in a Chapter 13 bankruptcy
you keep your assets while a percentage of your future income goes towards
paying off creditors in one combined payment. Your attorney works with
you on your three to five year plan, and then at a confirmation hearing
the court either approves or disapproves of the plan. The payment amount
and time period depends on factors such as your income, property value,
and your expenses.
Your payments will be made via a trustee who will oversee your bankruptcy
case. In most cases, the trustee will allow you to set up an automatic
bank draft from your bank account. Another added benefit to filing Chapter
13 bankruptcy is that many clients will experience relief from creditors
contacting them regarding collection on a debt, as they will be barred
from doing so. For many, this frees them from any sort of stress from
creditor harassment and allows them the peace to think clearly about their life again.
Speak to a Chapter 13 Bankruptcy Attorney in Michigan
Here at Hensel Law Office, PLLC, I understand that struggling with your
finances can be very stressful. I handle every aspect of your case, rather
than ushering you through an assembly line of different attorneys for
each phase of the process. You won't have to worry about having to
tell your story to a multitude of legal professionals. I believe in treating
every client with personal, individualized attention and care, using my
knowledge and experience to help you take the necessary steps to get back
on your feet. My firm serves clients in Sterling Heights, Warren and various
other parts of Michigan.
Call now to get started.