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Detroit Chapter 13 Bankruptcy LawyerIf you feel like you are drowning in debt, Ann M. Howard may be able to help you get relief from your debts. As an experienced Detroit Chapter 13 bankruptcy lawyer, she can help you make a new start. In October 2005, the bankruptcy laws changed. Depending on your income and asset levels, your marital status, and your financial goals, filing for Chapter 7 or Chapter 13 bankruptcy may be appropriate for you. Chapter 7 Bankruptcy or Chapter 13 Bankruptcy?The new bankruptcy laws place some new conditions on who can file under Chapter 7 bankruptcy and under who can file under Chapter 13: In Michigan, if you are single and have annual income under $40,000 or if you are married with joint income under $47,000, you may file for Chapter 7 bankruptcy. If your income is $40,000 or greater (single) or $47,000 (married), you may still be eligible, depending on your level of assets. The number of your dependent children will change these figures.
Under Chapter 7 most or all of your debts are lifted from your shoulders. Though your credit rating will suffer, Chapter 7 allows you to make a fresh start. Southfield Debt Reorganization AttorneyIf you have significant assets, such as home equity, tools of a trade, or ownership in a business, Chapter 13 may be the best option for you, even if you qualify for Chapter 7. Under Chapter 13, you agree to a debt repayment plan in exchange for debt reorganization, and you keep ownership and control of your assets. In some cases, applicable law determines the choice between Chapter 7 and Chapter 13, but in other cases, the decision is yours. The new consumer bankruptcy laws require the advice of an informed and experienced bankruptcy attorney. Ann M. Howard can analyze your finances and advise you as to your options. Whatever your situation, Ann M. Howard can help you make a new financial start. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. For a free phone consultation, contact a Southfield debt reorganization attorney today or call 248-356-6162. Ann M. Howard, Attorney at Law
29777 Telegraph Road
Suite 2425
Southfield, MI 48034-7651
Phone: (248) 356-6162
Fax: (248) 356-6163 Ann M. Howard, Attorney at Law, located in Southfield, Michigan, represents clients throughout the Detroit, Michigan area in communities such as Southfield, Livonia, Plymouth, Madison Heights, Waterford, Farmington Hills, Royal Oak, Huntington Woods, Dearborn, Troy, Bloomfield, Pontiac, Warren, Westland, Sterling Heights, and Ann Arbor. Monroe County • Wayne County • Livingston County • Oakland County Macomb County • Washtenaw County
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