Arizona Filing Chapter 13 Bankruptcy Lawyer
For many, including those looking to save their home, or other assets from, foreclosure or repossession, or those who don't qualify for Chapter 7 bankruptcy, Chapter 13 is a valuable tool to deal with overwhelming debt. If you are considering bankruptcy as an option for improving your financial situation and putting an end to creditor harassment, The Roll Law Office, PLLC, with offices conveniently located in Glendale, Scottsdale and throughout the Phoenix, Arizona area, can explain your options and guide you down the right path.
Are you ready to deal with your debts through bankruptcy? To find out more about Chapter 13 bankruptcy, including whether it is the best choice for you, contact us today. We offer free initial consultations and attorney Guy P. Roll is committed to helping you find strategies to deal with your financial debts.
When Is Chapter 13 Bankruptcy Appropriate?
Some of the most common reasons for filing a Chapter 13 bankruptcy rather than a Chapter 7, are putting a stop to a foreclosure or restructuring non-exempt debt such as taxes or student loans. If you are at risk of losing your home, or another valuable possession, and it is worth saving, the automatic stay that goes into effect will stop the foreclosure proceedings, allowing you a chance to work out an arrangement with your mortgage company. We help you develop a plan for keeping your assets and creating a restructured payment plan to your creditors.
While there are many reasons for, and advantages to, filing a Chapter 13 bankruptcy petition, the most common reason why people file under Chapter 13 is because they do not meet the Median Income requirement of a Chapter 7 and they do not qualify under the Means Test.
Unlike Chapter 7, which is a three to five month process, a Chapter 13 bankruptcy will involve creating a "Plan" under which you make determined amounts of payments for 3 to 5 years to your creditors. The Chapter 13 Plan is designed to help you reorganize your debts to help you make manageable monthly payments to creditors over time. You receive your bankruptcy discharge and the end of the Plan.
Learn More About Chapter 13 Bankruptcy
To find out more about Chapter 13 bankruptcy, visit the pages listed below:
- Advantages of Chapter 13
- Chapter 13 Eligibility
- How Chapter 13 Works
- The Chapter 13 Plan and Confirmation Hearing
- The Chapter 13 Discharge
Contact an Arizona Chapter 13 Bankruptcy Lawyer
To schedule a free initial consultation with one of our compassionate, knowledgeable legal professionals, send us an e-mail or call toll free 866-603-1533 today.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
