CHANDLER CHAPTER 13 BANKRUPTCY LAWYERS
Chandler, Arizona Chapter 13 bankruptcy is often called “wage-earners” bankruptcy. In this type of bankruptcy, in a Chapter 13 bankruptcy case there is a reorganization of the debtor’s financial affairs. This allows debtors with regular incomes to make affordable, often reduced, payments on their obligations. Such (chapter 13 plan payments) are made for a specified period of time; usually not less than 3 years and not more than 5 years.
The chapter 13 plan payments are made according to a bankruptcy court-confirmed (approved) plan. A person filing chapter 13 works with his bankruptcy attorney to establish a payment plan. A payment plan to repay all debts (or a small portion of all debts). Upon successful completion of the payment plan, the Arizona bankruptcy court will usually discharge the remaining debts.
CHANDLER, ARIZONA CHAPTER 13 FAQs
There is nothing legally preventing you from filing a Chapter 13 bankruptcy on your own in Chandler, Arizona. However, less than 1% of pro se (self filing) Chapter 13 filers in Arizona gets their plan approved. Also, the success rate for getting plans approved by filers represented by attorneys is 55%. Thus, the numbers clearly show that people have a better chance of successfully getting through their Chapter 13 bankruptcy filings when they are represented by an experienced bankruptcy lawyer.
Why Should You Choose a Chapter 13 Bankruptcy?
There are times when filing a Chandler chapter 13 bankruptcy is a better idea than the alternative. As a chapter 13 bankruptcy offers additional protections not found in a chapter 7 bankruptcy. Plus, Chapter 13 is particularly attractive when facing the possibility of foreclosure or filing of a foreclosure. An individual with back tax debt or other tax concerns may want to consider a chapter 13.
A Chandler Chapter 13 bankruptcy may also be a good alternative if an individual has debts that can’t be discharged. Such as, those incurred by fraud, child support, or others circumstances. Additionally, a Chapter 13 may be a good alternative when the debt owed to a secured creditor (i.e. on a vehicle), is much greater than the value of the collateral. Another great use of a Chapter 13 may also be to a sole proprietor who wishes to continue operation of a business without interference by the court or by creditors.
Who can file for Chandler Chapter 13 Bankruptcy in Chandler, Arizona?
Debtors in Chandler must meet certain minimum income requirements to be eligible to file for Chapter 13 bankruptcy protection. Individuals also must be below certain maximum debt thresholds to be eligible to file. Our Chandler bankruptcy lawyers will help you determine if you qualify to file for Chapter 13 bankruptcy protection in Chandler, Arizona.
Our attorneys dedicate themselves to helping you successfully navigate through your Chapter 13 Bankruptcy. Our lawyers will be with you and represent you throughout the entire Chandler chapter 13 bankruptcy process (even if that is 3-5 years). Contact us today for a FREE bankruptcy consultation. We offer: Same Day Appointments, Payment Plans for EVERY Budget, and have some of the lowest legal fees in Chandler, Maricopa County, and throughout Arizona.
(480) 448-9800 for an Experienced Ch 13 Bankruptcy Attorney
Call and schedule a free debt evaluation with our Chandler Ch 13 bankruptcy lawyers. Additionally, find out if you pass the means test and qualify for the protection of a Chapter 13 bankruptcy in Chandler, Arizona.
When to consider Chapter 7 Bankruptcy in Chandler, Arizona
- Chapter 7 erases most, if not all, debt.
- Filing bankruptcy gives you a clean financial slate.
- When Chapter 7 filing will stop a wage garnishment.
- Once you’ve filed, creditors must stop calling you.
- Chapter 7 stops people from harassing you in attempt to collect money.
- Additionally, filing bankruptcy may allow you to save your home from foreclosure.
- There is exempt property that you may keep in a chapter 7 bankruptcy.
- Also, filing chapter 7 bankruptcy stops a vehicle repossession in most cases.
- bankruptcy stops utility service shut-off
- You can use Chapter 7 bankruptcy to get rid of credit card debt.
- A Chapter 7 filing erases medical debt.
- Declaring bankruptcy allows you to take control of your debt.
- End the stress and sleepless nights brought on by debt.
- Get yourself a “Fresh Start”. File chapter 7 bankruptcy.