If you are thinking about filing for bankruptcy, then we recommend contacting our team at Gudeman & Associates, P.C. for assistance. We want to make sure that filing for bankruptcy is going to be in your best interests before you proceed to the next step. There are many factors to consider, such as which chapter to file for. Among all the chapters, Chapter 13 is one of the most commonly used. Our Bloomfield, MI chapter 13 bankruptcy lawyer can discuss your situation with you and then advise whether bankruptcy is right for you. Contact us now for more information!
Chapter 13 Bankruptcy Lawyer Bloomfield, MI
Chapter 13 may also be referred to as reorganization bankruptcy, in which you repay your debts through a payment plan over the course of 3-5 years. Whether you are eligible for this bankruptcy chapter depends on your income and ability to repay back debts. It may be the best choice for you if you want to protect your assets and can meet the terms of the repayment plan. Our Bloomfield chapter 13 bankruptcy lawyer can walk you through the steps of filing for bankruptcy if you wish to do so. Our chapter 13 bankruptcy attorney can help you assess your income budget and expenses, ensuring that you are able to meet the strict requirements of your repayment plan.
Through chapter 13 bankruptcy, your payments to creditors involve having a trustee distribute this amount to them. If you are current on your vehicle and home payments when filing for bankruptcy, then you can continue these payments to creditors instead of using a trustee. However, having a trustee helps prevent mistakes and avoid administrative fees being added to your payment. In the repayment plan, you send a set amount to the trustee that covers your priority and secured claims. If you have disposable income left over, this may be used to pay your unsecured creditors. Our chapter 13 bankruptcy attorney understands this may sound overwhelming, but rest assured we can offer clarity and support as you work towards financial recovery and stability.
Why Experience Matters For Chapter 13 Bankruptcy Cases
Our team can support you in every step of the bankruptcy process. We know that financial difficulty can be stressful. You can rely on our chapter 13 bankruptcy attorney for quality legal assistance because:
- For more than 50 years, we have used our experience and knowledge of law to ensure that our clients are protected.
- It is our mission and commitment to serve those in the community and beyond, helping them overcome some of life’s most difficult challenges.
- We offer effective bankruptcy solutions that get you on a path to better financial security and independence.
At Gudeman & Associates, P.C., we are dedicated to helping clients navigate turbulent times to a more stable future. We are proud to offer assistance to individuals, businesses, and families. Our Bloomfield chapter 13 bankruptcy lawyer can meet with you today to discuss your debt relief options. We hope to hear from you today!
