Warren Chapter 13 Bankruptcy Lawyer

Stop Creditor Actions And Repay Debts Over Time

Chapter 13 bankruptcy allows you to repay debts over time without penalties while stopping foreclosure, repossession, and creditor harassment. However, many repayment plans fail due to unrealistic terms or improper preparation, leaving debtors in a worse situation.

Southfield bankruptcy lawyer James Warr has a very high success rate with Chapter 13 confirmations. Unlike many high-volume bankruptcy firms that farm, he personally prepares every petition. There is no substitute for individualized attention and 32 years of experience.

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

Troy Debt Repayment Plan Bankruptcy Attorney

Chapter 13, also called “reorganization bankruptcy” or a “repayment plan,” combines debts into a single payment managed by a bankruptcy trustee, who distributes funds to creditors. This plan lasts three to five years, unless debts are fully repaid sooner. Any remaining unsecured debt is discharged at the end of the plan.

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

Our office has a very high rate in obtaining court approved confirmations for our clients’ Chapter 13 Plans. 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 1-248-357-5860 or contact us online to talk to an experienced Chapter 13 bankruptcy attorney.

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