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Chapter 13 Bankruptcy in MI - Frequently Asked Questions

Q:  What is a Chapter 13 bankruptcy in MI?

A:  Chapter 13 bankruptcy in Michigan is a financial reorganization plan.  It stops foreclosure.  It consolidates all of your bills and lowers your total monthly payments to an affordable level.  It stops the interest on most debts, and allows you time to repay your creditors.

Q:  Once I begin filing a Chapter 13 bankruptcy, can I dismiss it?

A:  Yes.  After filing for a Chapter 13 bankruptcy in Michigan, you may dismiss it.  A Michigan Chapter 13 bankruptcy is voluntary and may be dismissed at any time.

Q:  What are the advantages to filing Chapter 13 bankruptcy in MI?

A:  These are difficult economic times.  Many people are having financial problems.  You need not lose your property.  Chapter 13 provides protection from your creditors.  Chapter 13 allows you to reorganize your finances.  It can reduce your monthly bills.  It can help save your home and restore your credit.  It is critical that you contact our Michigan bankruptcy law firm before your home is sold at a sheriff's sale.

If you'd like to contact our office to speak with a Detroit, Michigan bankruptcy attorney, please call us at 1-866-690-2140, e-mail bankruptcy attorney John Steinberger or complete the form on our contact us page.

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