A Chapter 13 bankruptcy offers flexibility. It is a comprehensive debt reorganization and debt restructuring that results in an affordable monthly payment.
A Chapter 13 bankruptcy requires that you have some source of regular and reliable income, and it's ideal for people in these situations:
You're behind on your mortgage – the plan will help you get caught up
Your second mortgage that is underwater – the second mortgage can be removed entirely!
You have unpaid property taxes – the plan will help you get caught up in affordable monthly payments
You have unpaid back income taxes – you can pay back the IRS over time at zero interest
You're behind on your car payment – the plan can lower your interest rate and stretch out the loan to lower your payment
You have regular income, but you simply cannot meet all of your obligations every month – the plan can help you budget
You have assets you want to protect – a Chapter 13 bankruptcy will allow you to keep your assets and pay back your creditors over time.
You have certain kinds of debt that are not dischargeable in a Chapter 7 – some kinds of debt, such as civil infraction traffic tickets, are not dischargeable in a Chapter 7 bankruptcy but are dischargeable in a Chapter 13 bankruptcy
In a Chapter 13 bankruptcy, you will still enjoy:
Automatic stay from your creditors the entire time you are in your plan
Immediate stops to foreclosures, garnishments, and repossessions when your case is filed
A bankruptcy attorney can review your income, assets, and debts and help you determine whether a Chapter 13 bankruptcy might be right for you.
One number for phone, text, and fax:
18121 East Eight Mile Road
Eastpointe, Michigan, 48021
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Freedom Law, PC is a Detroit-area bankruptcy and debt-relief practice. We're dedicated to helping our clients with bankruptcy protection (Chapter 13 and Chapter 7), debt relief, avoiding foreclosure, stopping wage and bank account garnishments, stopping vehicle repossession and seizure, stopping creditor harassment, dealing with IRS and tax debts, and lowering property taxes.
We're conveniently located to support Detroit and the communities of: Clinton Township, Dearborn, Eastpointe, Ferndale, Fraser, the Grosse Pointes, Hamtramck, Harper Woods, Harrison Township, Highland Park, Madison Heights, Melvindale, River Rouge, St. Clair Shores, Sterling Heights, and Warren.
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Freedom Law, PC is designated by Congress as a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.