James C. Warr & ASSOCIATES, PLC

Warren Chapter 13 Bankruptcy Lawyer

Stop Creditor Actions And Repay Debts Over Time

Chapter 13 bankruptcy does not eliminate debts outright, but it lets you pay down debts over several years without penalty. Perhaps more importantly, it puts an immediate stop to foreclosure, repossession and creditor harassment. Unfortunately, many Chapter 13 repayment plans are rejected by the court because they are not realistic or properly prepared, putting debtors in an even deeper hole.

Southfield bankruptcy lawyer James Warr has a very high success rate with Chapter 13 confirmations. Unlike many high-volume bankruptcy firms that farm out their Chapter 13 cases, he personally prepares every petition. There is no substitute for individualized attention and 20 years of experience.

The law firm of James C. Warr & Associates has handled thousands of bankruptcy cases in Oakland County and Metro Detroit since 1995. Contact us today for a free consultation.

Troy Debt Repayment Plan Bankruptcy Attorney

Chapter 13 is also known as a "reorganization bankruptcy" or "repayment plan." It consolidates debts into one convenient payment to a bankruptcy trustee, who distributes the money to your creditors. The plan lasts for three to five years, unless your debts are fully repaid in less time. At the end of the plan, any amounts still owing on your unsecured debts are forgiven.

The amount of the payment and the length of the plan are based on:

• Your monthly take-home pay
• Your excess income after monthly expenses
• The amount and nature of your debt

Unsecured debts (credit cards, medical bills, personal loans, judgments) may be paid as little as zero percent, depending on your finances. You must continue to pay other debts not dischargeable in bankruptcy, such as house payments, car loans, taxes and child support.

The Most Common Uses Of A Chapter 13 Plan

• Halting home foreclosure and paying back mortgage arrears
• Preventing repossession or getting a repossessed vehicle back
• Stopping wage garnishment
• Protecting assets not exempt under Chapter 7
• Paying off property tax or income tax arrears

Most individuals and couples with a regular source of income can qualify for a Chapter 13 plan.

Other Advantages Of Chapter 13 Bankruptcy

• You can keep all of your property.
• You can catch up on delinquent mortgage payments.
• You can restructure auto loans.
• You are protected from creditor harassment.
• Co-signers may be protected from creditors.
• Lien stripping — You may be able to eliminate a second mortgage on your home. In certain situations, Chapter 13 allows you to eliminate secondary or junior mortgages if you owe more on your home than it is worth.

Take The Steps To Debt Relief

In the past five years, all of our Chapter 13 clients had their plans confirmed by the bankruptcy court. In a 2003 study of the docket of one of the local bankruptcy judges, James C. Warr & Associates was one of just two law firms with a 100 percent confirmation rate.

James Warr personally prepares a plan that is individualized to your budget and your circumstances. He offers competitive fees and free consultations, including evenings and weekends by appointment. Call 1-877-462-9277 or contact us online to talk to an experienced Oakland County Chapter 13 bankruptcy attorney.

We are a debt relief agency that assists people in filing for bankruptcy relief under the Bankruptcy Code.