Unlike Chapter 7 bankruptcy,
Chapter 13 claims are not designed to eliminate a person's debt; rather, they enable a claimant to restructure their finances and begin paying off their debt. A Chapter 13 case typically takes around 60 months, during which time a person avoids foreclosure or other negative consequences of debt by making continued payments on loans or mortgages.
Efficiently Navigating Your Chapter 13 Bankruptcy
You can make the Chapter 13 process easier if you are prepared to handle your responsibilities under the claim.
The following will facilitate a successful bankruptcy:
- Keep within the bounds of your budget
- Make your scheduled payments
- Attend any court hearings
- Fill out all required paperwork carefully and accurately
- Seek legal counsel from a qualified attorney
The Detroit Chapter 13 attorneys at our firm have helped more than 10,000 clients work toward a life free of debt. If you are considering filing for Chapter 13 bankruptcy, we can show you your options and help you work toward the best possible solution.
Contact our legal team at the Law Offices of Marshall D. Schultz for a free consultation. An experienced lawyer from our firm will listen to your case and can offer individualized service to meet your needs.