What to expect in Chapter 13 Bankruptcy
If you face a significant amount of debt, but you have a steady income and you want to remain in your house or hold on to other assets that may be lost in Chapter 7 bankruptcy, or if you are unable to meet the requirements for Chapter 7 bankruptcy, then filing Chapter 13 bankruptcy may be the right strategy. In Chapter 13 bankruptcy, you will restructure loans and develop a plan to repay creditors over a period of three to five years. Often, the plan calls for repaying only a portion of the amount due to each creditor.
Filing for Chapter 13 bankruptcy will allow you to stay in a family home and keep your life intact, while also putting an immediate stop to creditors’ harassing phone calls, emails and other contact. Filing bankruptcy is complicated and there are numerous forms that must be filed accurately and in a timely manner. At Kaye Law Office, PLLC we make this process run smoothly and are available to answer your questions thought the process.
We work with clients throughout Genesee County and all neighboring Michigan counties. Call 810-694-1211 for a free 30-minute consultation.
Personal Attention To Help You Through A Tough Time
At Kaye Law Office, PLLC, in Grand Blanc, we help individuals determine the best strategy for resolving debt problems and rebuilding their financial life. Sometimes that involves filing for bankruptcy; other times it can be accomplished through alternative measures. We will review your situation and recommend an effective course of action.
Individuals who do not pass the means test for Chapter 7 bankruptcy often discover that Chapter 13 bankruptcy is a workable option. In Chapter 13, you will consolidate your debt, including past-due mortgage payments, credit card balances and medical bills, and make a monthly payment to a Chapter 13 trustee who will repay your creditors according to the terms of the approved plan.
Schedule A Meeting With Our Knowledgeable Bankruptcy Attorney
The process is paperwork intensive. Completing forms incorrectly will delay your approval or even prevent you from qualifying. Do not take that risk. Call 810-771-3086 or use our online contact form to schedule a free 30-minute consultation with a lawyer who provides solutions tailored to your unique needs.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.