Chapter 13 Bankruptcy Lawyers in Flint
File Chapter 13 Bankruptcy with Attorneys Who Go the Extra Mile
Is your home at risk of foreclosure? Are you behind on car payments? Filing for Chapter 13 bankruptcy may be your answer to financial relief. Unlike a Chapter 7 bankruptcy, Chapter 13 is a debt repayment plan. It allows you to keep your assets while paying off your debt over a 36 to 60 months. Debts that are typically consolidated under Chapter 13 are mortgages, vehicle loans, IRS debt, and credit card debts, and other unsecured debts are discharged in the process.
John L. Hicks & Associates has helped thousands of people during its over 20 years in bankruptcy law. With just a five-minute phone call, bankruptcy attorney John Hicks can help you understand your best options for a financially secure future. All consultations are free, and there are no hidden fees for services. John provides honest advice and the kind of experience you can trust to put you on the road to peace of mind again. Start by requesting a free consultation today or just call for a phone consultation.
Benefits of Chapter 13 Bankruptcy
Chapter 13 is a debt repayment plan. It allows you to consolidate your debts and make one payment for it all over a three-to-five-year period. You can discharge debts like you would in a Chapter 7 bankruptcy, such as credit cards, medical bills, and other unsecured debts.
Chapter 13 bankruptcy is sometimes called a “Wage Earner Plan” because you must either be working or have consistent income to qualify. Bankruptcy attorney John Hicks will help you decide the best option for you and walk you through every step of the process.
Bankruptcy Stops Creditor Harassment
Are creditors calling you constantly? While in a Chapter 13 debt repayment plan, creditors can’t collect from you. And they’re required by a Federal Court order to adhere the terms of the plan. John will ensure you can be worry-free by taking action against any creditors that attempt to contact you while in Chapter 13.
Chapter 13 Bankruptcy Stops Foreclosure Immediately
If your home is currently in foreclosure, a Chapter 13 filing will stop it and allow you to catch up on your mortgage through the Chapter 13 plan. The mortgage company may not foreclose while in Chapter 13. John will carefully walk you through the process, and he will help you understand your rights and obligations with the mortgage company.
Eliminate Second Mortgages and Equity Lines
A loan modification on your first mortgage can also be obtained during the Chapter 13 filing. Second mortgages and equity lines can sometimes be eliminated as an unsecured claim if the value of your home is less than what’s owed on your first mortgage.
At the end of your Chapter 13 repayment plan, the second mortgage or equity line can be discharged so the value of your home will be closer to what you actually owe. John will guide you to ensure you receive the best options for your financial well-being.
You Can Keep Your Car with Chapter 13 Bankruptcy
A Chapter 13 bankruptcy stops finance companies from repossessing your car. Your past due payments and the balance on your vehicle loan will be consolidated. You’ll pay off the vehicle loan over 36-to-60-month plan while eliminating unsecured debts. John can often get the amount you owe on the vehicle lowered to the fair market value. And he can reduce high interest rates to a reasonable amount.
Rebuild Your Credit
Reestablishing your credit after bankruptcy is crucial. John will point you to resources and tools to help you get a head start.
How Do I File for Chapter 13 Bankruptcy?
John offers straightforward and efficient services for filing for Chapter 13 bankruptcy in Michigan. He will walk you through the following steps, and remote legal assistance is an option.
- Contact John for a free consultation.
- Determine whether you’ll file for Chapter 13 bankruptcy, Chapter 7 bankruptcy, or address your debt with other options.
- Once your Chapter 13 case is filed, creditors can no longer contact you.
- You’ll meet with John and the bankruptcy court to finalize the bankruptcy.
- A plan will be set in place for repayment of your debts under Chapter 13.
Contact our Bankruptcy Attorneys Today
If you’re overwhelmed with debt, Chapter 13 may be an option for you. John L. Hicks & Associates would be happy to talk with you and help you determine the next steps toward financial relief. John’s years of experience and results-oriented approach offer clients a compassionate and successful experience during one of the hardest times in their lives.