Chapter 13 Bankruptcy Attorneys
Chapter 13 Bankruptcy Help in the Detroit Area and Southeast Michigan
If you have been struggling to meet your monthly obligations for some time and have barely managed to tread water or only fall further behind — you are not alone. After all that time and effort though, the prospect of paying off all or at least a portion of the debt you owe in a Chapter 13 bankruptcy plan might seem like a hopeless proposition.
It’s not. In fact, Chapter 13 repayment plans are based on how much you make, not on how much you owe. In other words, you keep enough money to maintain a reasonable lifestyle and you only repay what you can afford to, over and above that.
To learn more — schedule an initial consultation at the law firm of Resnick Law, P.C. Call 248-642-5400 or contact us online.
We won’t push you into accepting a solution that isn’t right for you. Our attorneys explain the Chapter 13 bankruptcy process, what it can do and what other options might work for you. You choose the course of action. We provide the services and representation needed to achieve your goals.
Is Chapter 13 bankruptcy right for you?
If you have a steady source of income it could be, but other factors such as the amount and type of debt (secured and unsecured) must be considered as well. For instance, if you want to protect non-exempt property and assets that would have to be liquidated in a Chapter 7 — filing bankruptcy under Chapter 13 could allow you to keep them. If you are behind on house or car payments but cannot immediately make good on those deficits — Chapter 13 can give you the time you need to do that. These are just a few of the many situations where a Chapter 13 filing makes sense.
Even so, each individual’s situation is unique and must be evaluated on its own terms. Our lawyers will do that and we encourage you to talk to us about your situation and concerns today. To do that, call or contact our offices online.