Hi, I’m Mike Greiner. I’m an Attorney here with The Financial Law Group located here in Warren, Michigan in Macomb County. I’m a specialist in Michigan Bankruptcy Law. And what I’m going to talk to you today about is Michigan Chapter 13 Bankruptcy.

If you are somebody whose behind in your mortgage payments, Chapter 13 bankruptcy may be the best way for you to keep your home if you want to do that. What we can do is we can take the amount of arrears, the amount you’re behind in your mortgage, basically allow you to pay it over 5 years with no interest and usually that’s a much better deal than you’re able to get through working with the mortgage company.

Something else we are very successful in doing in Michigan Chapter’s 13 Bankruptcy is actually eliminating 2nd mortgages if you have a 2nd mortgage like a home equity in your home or say a loan that came with windows or a roof or something like that that kind of debt often can be eliminated in a Chapter 13 Bankruptcy as long as your home at current market values was worth less than the amount of the 1st mortgage that you got on your home.

Something else we can often do in Michigan Chapter 13 Bankruptcies, we can deal with taxes. If you have outstanding tax liability we can often pay that over 5 years with relatively little interest, with no penalties. And often again, that’s a much better deal than you’re able to get working with either the IRS or the State Treasurey. So that’s Chapter 13 Bankruptcy in Michigan. If you want to find out if Chapter 13 Bankruptcy is right for you, please call my office. We offer free consultations. My phone number is 586-693-2000. And my website is financiallawgroup.com