Chapter 13 Bankruptcy
Chapter 13 bankruptcy, also called a wage earner’s plan, enables individuals with regular income to develop a plan to repay all or part of their debts. In a Chapter 13 bankruptcy case, debtors propose a repayment plan to make installments to creditors over three to five years.
Individuals filing for Chapter 13 bankruptcy protection are allowed to keep their property by repaying creditors out of their future income, usually for a period of several years. After completion of payments under the plan, Chapter 13 debtors receive a discharge of most debts.
However, it is important to note that Chapter 13 is only for individuals and not available to corporations, partnerships, or other entities.
We serve bankruptcy clients in Oakland County, Wayne County, and Macomb County. Our office is conveniently located in Royal Oak, with close access to Madison Heights, Sterling Heights, Lathrup Village, Huntington Woods, Southfield, Berkley, Ferndale, Oak Park, Birmingham, Farmington, and Farmington Hills.
Contact Our Detroit, Michigan Chapter 13 Bankruptcy Attorney Today and call Shirley Horn at 248-398-9900
If you or a loved one need legal representation or advice from an experienced Metro Detroit, Michigan Chapter 13 bankruptcy attorney, call Shirley Horn today at 248-331-9618 or complete the contact form on this website to schedule a free and confidential consultation.