Understanding The Benefits Of Chapter 13 Bankruptcy

Chapter 13 is a powerful debt relief tool that allows individuals and couples who have regular sources of incomes conquer complex financial problems. The bankruptcy lawyers at Goldstein Bershad and Fried, P.C., in Southfield have more than 100 years of combined experience and work as a team to help our clients move forward to a debt-free future.

Thorough Analysis And Personalized Debt Relief Strategies

We will fully analyze your income, your expenses and explain if Chapter 13 bankruptcy is the best choice for you. We work hard to craft a workable plan in every Chapter 13 case we handle. A common misunderstanding people have is that all debts must be paid in full over the course of a Chapter 13 repayment plan. In reality, crafting a plan under Chapter 13 will allow you to restructure your debt and maintain your dignity while working toward true financial relief.

For many people, mortgage debt and the prospect of potential foreclosure are the motivating factors to file for Chapter 13 bankruptcy protection. If you qualify, we will explain how you can make up past due mortgage payments in Chapter 13 over the course of three to five years to allow you to keep your home. In addition to past due mortgage payments, you may be able to get caught up on other types of debts, including:

A Chapter 13 restructuring plan is a versatile tool that allows many people with significant equity and assets to protect their nonexempt property while moving forward to true financial relief. At the conclusion of the repayment plan, most outstanding unsecured debts are discharged, giving you a fresh financial start. For that reason, most people feel an overwhelming sense of relief after filing for bankruptcy.

Arrange A Confidential Consultation With A Respected Bankruptcy Attorney

If you are facing debt problems, we invite you to arrange a confidential consultation with our experienced bankruptcy attorneys to learn more about the benefits of Chapter 13 bankruptcy. Call 248-355-5300 or send us a brief message using our online contact form. We represent clients in Metro Detroit and throughout greater Michigan.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.