Justia Lawyer Rating
Super Lawyers
State Bar of Michigan
Avvo badge
American Bar Association
Michigan Association of Justice
Macomb County Bar Association
Premier Lawyers of America
Badge
BBB Accredited Business

What is the difference between a Chapter 7 and Chapter 13 Bankruptcy?

Serafini, Michalowski, Derkacz & Associates

A Chapter 13 is a reorganization, and is for individuals who have regular income and can pay back at least a portion of their debt/creditors, through a repayment plan. A Chapter 7 bankruptcy is a complete discharge of your debts (with certain exclusions), for those individuals whose monthly expenses exceed their income.

Client Reviews

Thanks so much for all your help these past five years in helping me with all the legal aspects of my folks, L & E.M's, trust. Thanks for answering all my questions. It's been a difficult last 5 years on making decisions for my father, but I'm so grateful that god blessed me with them for so many...

D.C.

I want to thank you both for all your help and hard work on my case. This certainly was good news! You both did tremendous jobs dealing with Cigna and answering my questions. Thank you and have a wonderful Christmas season!

Marc

Thank you so much for all of your help getting me thru this mess. You have no idea how much you have helped. I couldn’t have done this without you! Only one more hurdle, yay!!

B.T.

I really wanted to thank you, the way you talked with me and worked with me, it was amazing. I was dreading the experience & the deposition & you really made it very easy for me. So, thank you very much for a job well done.

H.H.

Contact Us

  1. 1 Free Consultation
  2. 2 No Fee Guarantee (for Contingent Fee Work)
  3. 3 Let Us Answer Your Questions
Fill out the contact form or call us at (866) 529-3537 to schedule your free consultation.

Leave Us a Message