Chapter 13 Bankruptcy Attorneys
Serving Oakland, Macomb & Wayne County – Southfield, Detroit
Chapter 13 Bankruptcy does not require you to sell your property to pay creditors (like Chapter 7). Chapter 13 allows you to keep your home and property – by entering into a Payment Plan that allows you to repay your creditors over time – usually three to five years.
Chapter 13 is designed to help debtors who have a steady income, or regular source of earnings- that is why it’s official name is “Adjustment of Debts of an Individual with Regular Income” .
Our experienced, affordable bankruptcy attorneys have helped hundreds of men, women and married couples in Oakland, Macomb & Wayne County reorganize their debt – and get out from under overwhelming bills – by filing Chapter 13 Bankruptcy.
Chapter 13 Stops Garnishments & Lawsuits – Detroit Attorneys
Once your attorney files Chapter 13 Bankruptcy, the collection companies’ harassing phone calls stop immediately. Creditors can no longer contact you directly, and must work through your attorney, the trustee and the bankruptcy court.
If you were already being garnished, those garnishments will stop. And, creditors cannot bring new garnishments or lawsuits against you, while your Chapter 13 Bankruptcy plan is in effect.
Chapter 13 Bankruptcy Stops Foreclosure – Southfield Attorneys
Chapter 13 Bankruptcy can allow you save your homes from foreclosure – even if you have “equity” in the home. As soon as your attorney files Chapter 13 Bankruptcy, foreclosure proceedings are stopped – and you will be given the opportunity to set up a Payment Plan that enables you to “catch up” delinquent mortgage payments over time.
Typically, your Chapter 13 Repayment Plan will result in a lower mortgage payment.
Chapter 13 Bankruptcy also allows you to reschedule payments of other secured debts (such as second mortgages, etc.) – and lets you extend these payments over time, too.
Experienced Bankruptcy Attorney Danny Kallabat Can Help You – Wayne County
The best way to determine whether filing a Chapter 13 Bankruptcy is right for your specific personal situation is to consult with a qualified Bankruptcy attorney. Our experienced bankruptcy lawyers have helped thousands of men and women reorganize their debts, and get the fresh start they deserve. We can help you, too.
We offer you compassionate advice and aggressive representation at affordable rates, to ensure that your rights are always protected. CLICK HERE or call Danny Kallabat today for a free, confidential consultation.