Our Ann Arbor / Ypsilanti, Michigan bankruptcy law firm helps residents get a fresh start. Michigan bankruptcy attorney Lander McLoyd has represented the people of Washtenaw, Wayne, Jackson, Monroe, Livingston and Lenawee Counties for over thirty years. Contact us for a free consultation.
Bankruptcy attorney Lander McLoyd can help you file Chapter 7 or Chapter 13 bankruptcy.
Chapter 7 Bankruptcy is a liquidation plan. While not all debts can be discharged (including, among others: tax liens, student loans, child support and other domestic support obligations), many of them can be. (It is worth noting that a discharge of debt will not remove a lien on a property.)
Chapter 13 Bankruptcy is a structured repayment plan designed to help you pay off your debts without losing your possessions. If you have a steady income stream, a Chapter 13 bankruptcy allows you to propose a plan through which you repay most, if not all, of your creditors over the course of three to five years.