Michigan Chapter 13 Bankruptcy Lawyers
Chapter 13 bankruptcy provides a path forward for people with a steady income who wish to reorganize their debts and retain their assets. This process, also known as “wage earner’s bankruptcy,” allows you to develop a manageable repayment plan over three to five years while protecting your home from foreclosure and your car from repossession.
At Bieber & Lubinski, PLLC, in Center Line, Michigan, we recognize that financial difficulties can affect anyone. Our skilled Chapter 13 bankruptcy attorney has over 20 years of experience helping working families in Warren and throughout Macomb, Wayne and Oakland counties and throughout Michigan find debt relief through Chapter 13 bankruptcy while keeping the things that matter most.
Who Is Eligible For Chapter 13 Bankruptcy In Michigan?
Chapter 13 bankruptcy in Michigan has specific eligibility requirements that determine whether this option works for your situation. You must have regular income and the ability to make monthly payments under a court-approved plan. The current income requirements and debt limits for Chapter 13 include:
- Secured debts up to $1,395,875
- Unsecured debts up to $465,275
- Regular income from employment, self-employment, Social Security or other sources
- Ability to make plan payments after essential living expenses
Your Michigan Chapter 13 bankruptcy attorney can review your income and liabilities to determine if you qualify for this type of debt relief.
Navigating The Chapter 13 Bankruptcy Process In Michigan
The Chapter 13 process involves several steps that we guide you through from start to finish. Understanding each phase helps you prepare for what lies ahead and ensures you meet all bankruptcy requirements. Our meticulous Chapter 13 bankruptcy attorneys help you complete the process, which includes:
- Credit counseling: Within 180 days before submitting your petition, you must complete mandatory credit counseling from an accredited agency.
- Filing the petition: We prepare and file your Chapter 13 petition along with detailed financial statements, income documentation and a planned repayment schedule.
- The automatic stay: Filing immediately triggers an automatic stay that stops foreclosure proceedings, wage garnishments and creditor collection efforts.
- The 341 meeting: You attend a brief meeting where the bankruptcy trustee reviews your case, and creditors can ask questions about your finances under oath.
- Developing a repayment plan: We work with you to create a realistic three- to five-year plan that pays priority debts in full and addresses secured and unsecured debts.
- Confirmation hearing: A bankruptcy judge reviews your repayment plan and determines whether it meets legal requirements and treats creditors fairly.
- Making payments: You make monthly payments to the bankruptcy trustee, who distributes funds to creditors according to your confirmed plan.
- Discharge: After completing all plan payments, the court discharges the remaining dischargeable debt and gives you a fresh financial start.
Our Chapter 13 bankruptcy attorneys handle the paperwork and represent you at all hearings to make this process as smooth as possible.
Why Should You Turn To Bieber & Lubinski, PLLC?
We provide consistent representation throughout your Chapter 13 case, ensuring you work with the same lawyer who understands your situation. Our Michigan bankruptcy law firm offers distinct advantages for families facing financial challenges, including:
- Chapter 13 bankruptcy attorneys with over 45 years of combined experience
- Personal attention from a small firm that knows your circumstances
- Deep roots in Center Line with strong community connections
Our Chapter 13 bankruptcy attorneys take time to explain each step of the process and help you understand how bankruptcy in Michigan can provide the debt relief you need. This includes assessing whether Chapter 7 is an option if you don’t meet Chapter 13 requirements.
Is Chapter 13 Right For You? Call Us For A Consultation.
If you have regular income and want to keep your assets while managing dischargeable debt, Chapter 13 bankruptcy might provide the solution you need. Contact Bieber & Lubinski, PLLC, today by calling 586-754-1450 or completing our online form to schedule a consultation with a Chapter 13 bankruptcy attorney.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.