Detroit Chapter 13 Lawyer
What Types of Debts Are Dischargeable Under Chapter 13?
The type of debts usually discharged at the end of a Chapter 13 plan includes "non-priority unsecured" debts. Examples of non-priority unsecured debt are credit card debt, medical bills, personal loans, old tax obligations, and others. These debts are discharged at the end of a Chapter 13 plan, but only after you have paid them down over time. These types of debt are discharged under a Chapter 7 plan, but the difference is that in Chapter 7, there is no payment plan leading up to the discharge. Contact a Detroit Chapter 13 attorney from the Law Offices of Marshall D. Schultz in Detroit or Southfield for a free evaluation of whether Chapter 13 is the best option for you.
Get Quality Representation for Chapter 13 Bankruptcy
Debts that are discharged only under a Chapter 13 plan include debts you have incurred because of willful or malicious damage to property, debts incurred to pay non-dischargeable taxes, and certain debts arising from a divorce or separation property settlement. Usually, tax debt is non-dischargeable. But if you paid your taxes using a credit card, and then fail to pay your credit card bill, that credit card debt is dischargeable.
Lastly, certain debtors' security interest in your property can be discharged using a Chapter 13 plan. A mortgage or a car loan creates a lien on your property. These types of liens can be "stripped" or "crammed down" using a Chapter 13 plan by paying the creditor what the property is now worth, and then having the remainder of the balance classified as unsecured and then discharged. We have over 50 years of experience representing debtors in bankruptcy. See for yourself what our clients have said about their experiences with the Law Offices of Marshall D. Schultz.
Contact us today for an evaluation of your situation so that we can determine whether a Chapter 13 bankruptcy filing is right for you.
Convenient Office Locations in Southfield & Detroit
We have locations in both Southfield and Detroit for those who want to minimize their commute to visit their nearest office.
Assisted 12,000+ Consumers with Their Debt
Debt affects everyone, rich or poor. We have helped thousands of clients through difficult financial times and we plan on helping thousands more.
50+ Years of Combined Bankruptcy Law Experience
Our attorneys are experienced and knowledgeable in the field of bankruptcy law. Trust a seasoned bankruptcy attorney to handle your case.
Free Initial Consultations
There's no need to pay for a simple conversation! We provide immediate, 100% complimentary consultations to those who are interested in filing with us.
Detroit Bankruptcy Blog
Stay updated with recent firm news and legal updates in our bankruptcy blog.Read More
Have questions about filing for bankruptcy? Check out our frequently asked questions for more information.Learn More
Why Hire a Bankruptcy Attorney?
Navigating bankruptcy can be confusing. Learn how hiring an attorney can help!Learn More