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Kiebel Law Office, PLC

312 Fulton Street East, Grand Rapids, MI 49503

Chapter 13 - Is Reorganization A Better Option?

A Chapter 13 bankruptcy case enables individuals to propose to their creditors a reorganization plan that may repay all or a portion of their debts. Chapter 13 plans allow people to stop foreclosures, cure delinquent mortgage payments over time and restructure secured debts over the life of the Chapter 13 plan, which may lower the payments. Chapter 13 also has a special provision that protects co-signers who are liable with the debtor on "consumer debts." This provision protects co-signers when the plan proposes to pay the co-signed debt in full. Chapter 13 acts similarly to a consolidation under which the individual makes the plan payments to a Chapter 13 trustee who then distributes payments to creditors. Individuals will have no direct contact with creditors during their Chapter 13 case. Chapter 13 cases may also be helpful in dealing with tax debt. Click here to learn more about how we can help you decide if this option is best for you.

  • No Attorney Fees Needed To Start
  • Stop Home Foreclosure, Auto And Furniture Repossession
  • Propose Your Own Repayment Plan
  • Pay Some Debts On Reduced Basis
  • Keep Your Property
  • Protect Your Co-Signers
  • Stop Lawsuits and Garnishments
  • Cancel Unwanted Club Memberships and Subscriptions
  • Deal With Student Loans