Phoenix Chapter 13 Bankruptcy Attorney
Arizona Lawyer Who can help you Stop Foreclosure Proceedings
For those who do not qualify for Chapter 7 Bankruptcy, filing Chapter 13 Bankruptcy can be a good option to get debt relief. A Chapter 13 Bankruptcy, is a monthly payment plan based on monthly disposable income. The remaining debts are discharged following the completion of the payment plan, typically after three to five years.
The Benefits of Filing Chapter 13 Bankruptcy
There are several benefits to Chapter 13 relief:
- It stops lawsuits and garnishments
- It allows debtors to pay mortgage arrears
- it allows you to keep your car and pay back the vehicle debt or the value of your vehicle, whichever is less
- It gives you five years to pay past due taxes
Should You File Chapter 13?
Prior to filing Bankruptcy, a means test analysis will be done that measures your income and expenses to the median household in Arizona (AZ). In general, if you are above the median, then Chapter 13 Bankruptcy is the right option for you. There are some exceptions, so it is important to discuss your options with an experienced Phoenix Chapter 13 Bankruptcy lawyer who can evaluate your financial situation and advise on the best course of action.
Experienced Bankruptcy Law Firm
The Law Offices of Charles M. Sabo, P.C., has helped thousands of people achieve financial freedom. You will be represented by a Phoenix Bankruptcy law firm with more than 30 years of experience.
From wherever you are in the Valley, call our office manager Susan at 480-820-5931 (Tempe) or 623-842-0180 (Glendale) or send us an e-mail to arrange your free initial consultation with an experienced Phoenix Chapter 13 Bankruptcy lawyer.