Free Consultation with a Chapter 13 Bankruptcy Lawyer
Being in debt causes anxiety. Filing for Chapter 13 Bankruptcy is a debt relief solution. It does not matter if you are facing a foreclosure, a repossession, or have incurred insurmountable credit card debt, give our Bankruptcy Lawyers a call at (480) 263-1699.
We offer free bankruptcy consultations and initial evaluations by telephone with one of our experienced chapter 13 bankruptcy attorneys. By all means, call us today and set up your free consultation. For example, maybe you are facing a foreclosure, a repossession, or have incurred insurmountable credit card debt. Our attorneys can go over these issues with you and let you know whether filing a chapter 13 bankruptcy is a good option for you. Remember, bankruptcy has many chapters you can file under. An experienced bankruptcy lawyer can develop comprehensive and creative solutions to your debt problems. Furthermore, bankruptcy is our business, let our years of experience and know how work for you to get you the debt relief that you are seeking.
How Chapter 13 Bankruptcy in Phoenix Can Help
Phoenix Chapter 13 Bankruptcy Attorneys
Filing a Chapter 13 Bankruptcy in Phoenix can assist you in reducing or eliminating your debt, including: medical debt, utility payments, unsecured debt, credit card debt, and various types of loans. Once you file for Chapter 13 protection in Phoenix, Arizona, an automatic stay will be go into place and your creditors must stop all collection processes against you.
Many people in Phoenix and throughout Maricopa County are in need of Chapter 13 Bankruptcy. Filing is especially beneficial to a person who is behind on their mortgage payment or has other secured debt. You can save your home and property with a chapter 13 bankruptcy as it 13 allows you to pay the arrears or back debt through the Chapter 13 payment plan.
Chapter 13 Payment Plans Are 3 to 5 Years
The Chapter 13 payment plan is usually 3 or 5 years. A Phoenix Chapter 13 bankruptcy essentially consolidates the debt into a manageable monthly payment plan. Your monthly payment will be determined by the Chapter 13 bankruptcy trustee and is based on your disposable income and what you can afford. The plan takes into account your cost of living and then determines your payment plan based on the leftover income.
In order to qualify for a Chapter 13 bankruptcy, a person must have a regular income as the debtor is required to make monthly payments. Declaring Chapter 13 bankruptcy is only available to individuals that have a regular income because the debtor is required to make monthly payments in a chapter 13 payment plan. Consult an experienced Phoenix Chapter 13 attorney to find out if you meet the requirements.