What starts out as a late payment on a credit card can quickly spiral downward and become a debt situation that is nearly impossible to get out of. Debt can truly take over a life...but there is a way out.
At May & Sucher, we offer services in Chapter 13 bankruptcy which may be a viable option for you. To find out more, please call us at (248) 626-5555, or contact us online.
Chapter 13 bankruptcy is a bankruptcy in which debt is reorganized, and debtors are set up with a repayment plan. Individuals are generally required to repay some of their debt under Chapter 13 bankruptcy plan, as opposed to Chapter 7 in which debts are discharged entirely. Under the Chapter 13 repayment plan, individuals have between three and five years to repay their debt. This repayment plan generally involves a very low interest rate.
Chapter 13 bankruptcy is a great option for both individuals and businesses who wish to repay a portion of their debts based on their incomes. Through Chapter 13, debt becomes manageable, foreclosure is stopped, missed mortgage payments can be made, and creditors stop calling. Individuals seeking debt relief can find it in Chapter 13 bankruptcy.
At May & Sucher, attorney Ryan Moran focuses exclusively on bankruptcy law, and helping clients throughout Central and Southeast Michigan with debt relief. We focus on providing clients with practical and straightforward bankruptcy representation, working to generate ideas that meet the specific needs of each client. We provide information about debt consolidation, loan repayment programs, and other options through Chapter 13.
Many people are scared off by the idea of bankruptcy. Many don't want to admit that their debt has accumulated to the point where bankruptcy is even an option. What we want clients to know is this: Bankruptcy is an option that can help you achieve debt relief, stop harassing creditor calls, stop foreclosure, and make a fresh start. We are here to inform you and guide you through the process.
Is debt collection getting out of control? Do you need debt relief now so you can move on with your life? Please contact May & Sucher online, or call us at (248) 626-5555 to schedule a time to meet.