Michigan Chapter 13 Bankruptcy and Improving Credit
Filing a Chapter 13 Reorganization Plan
Simply put, a Chapter 13 is a court authorized repayment plan with your creditors. It is:
- Your best efforts over a 36 – 60 month time period to pay towards your debts;
- Optimal repayment terms, such as 0% interest on unsecured debts;
- Ability to balance your budget and restructure certain debts;
- Legal elimination for any remaining unsecured debt balances at the completion of the program.
This repayment process is designed to help you improve your credit throughout the course of the program.
Call us today at 734-722-2999 for your free consultation.
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