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Board Certified | Over 30 Years Of Experience
Board Certified | Over 30 Years Of Experience

Filing for Bankruptcy in Royal Oak, Michigan - FAQ
Q: What is the difference between a Chapter 7 and Chapter 13 bankruptcy in MI?
A: With a Michigan Chapter 7 bankruptcy, you generally discharge all your debts and make no payments to your creditors unless the credit is for vehicle or mortgage and you wish to retain the property. With a Michigan Chapter 13 bankruptcy, you repay a portion of all your creditors over a period of time, generally 3 to 5 years.
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