Mesa Chapter 13 Bankruptcy Lawyer

Chapter 13 Bankruptcy Lawyers Serving Mesa, Arizona

Chapter 13 Bankruptcy is slowly losing the stigma associated with it.  Actually, it is now generally seen as a legit and effective way to manage debt and to find your financial footing again. After all, bankruptcy laws were put in place to help those that are overwhelmed by debt and financial obligations. Thus, if you are a Mesa resident and feel overwhelmed by debt, contact our Mesa Chapter 13 bankruptcy attorneys today. Also, we can help you determine which Chapter of bankruptcy is right for your individual case and devise a plan to give you the fresh start, you deserve.

infographic: Chapter 13 Arizona bankruptcy vs. Chapter 7 Arizona bankruptcy

What is a Mesa Chapter 13 Bankruptcy?

A Chapter 13 Bankruptcy is a reorganization of your debts. They will be spread out in a payment plan that lasts 3-5 years. If you have any arrearages on your mortgage or other loans, a Chapter 13 gives you the chance to catch up gradually.

How does a Chapter 13 Bankruptcy work?

Your payment plan will be determined using your income, reasonable expenses for your family size, and the amount of debt. Any outstanding balance on your vehicles, a fee for the trustee, your arrearages, your attorney’s fees, and a portion of your unsecured debts will be included.

After we have determined (by way of the Means Test) which bankruptcy chapter is right for you, we will sit down and give you all the information you need to be prepared for the Chapter 13 bankruptcy proceeding. Chapter 13 is also known as the reorganization bankruptcy, because instead of selling off most of your assets in order to satisfy creditors, you may be able to keep most of those and pay of your creditors with a payment plan that uses your income and generally runs for 3 or 5 years.

Our Mesa Chapter 13 Bankruptcy Team

Chapter 13 bankruptcy team

Our team of experienced Mesa Chapter 13 bankruptcy lawyers is here to help you and your family to get a fresh start in life. Being overwhelmed by debt can be scary and discouraging, but meeting with a bankruptcy lawyer and deciding on the best course of action bring peace of mind to many of our clients.

Additionally, we have been helping individuals who were in financial distress for many years and have assisted them to rehabilitate their finances with a Chapter 13 Bankruptcy filing. While you can file for Chapter 13 without legal representation, we want to point out that the bankruptcy process is complex and very involved and to assure that nothing goes overlooked, hiring a bankruptcy lawyer is an additional expense that is absolutely worth it. Here at My AZ Lawyers we’ll help you to make the most of your Chapter 13!

Free Bankruptcy Consultation With Experienced Attorney

Arizona Chapter 13 attorney

To start you out right, we offer free Mesa Bankruptcy Consultations. During the consultation, we will look at your financial situation, apply the means test to see if and for which type of bankruptcy you qualify and then devise a strategy to get your finances back in order. As soon as you file for Chapter 13, you prevent your wages for being garnished and your car cannot be repossessed as well. You are even safe from home foreclosure. You may even qualify for a cramdown, which may give you lower interest rates on your home or car and thus increases your chance of being able to keep both. Additionally, it is stipulated that you complete credit counseling when filing for bankruptcy. If you cannot afford credit counseling services, certain agencies offer it for free or at a reduced rate.  Contact our Mesa bankruptcy attorneys for a free consultation and case evaluation.

Why Wait? Get Debt Relief! Contact Us Today! 

Bankruptcy legal team Arizona Chapter 13

Don’t wait. Remember, you do not have to live with a financial burden that keeps you up at night. Thus, if you are unable to keep up with your monthly bills and financial obligations, contact your Mesa Chapter 13 Bankruptcy Attorney today.  Plus, we can assist you during this difficult time and help you to restructure your financial future, a future free of suffocating debts and overwhelming bills. whereas, meeting with a local Mesa bankruptcy attorney you get the ball rolling and take charge of your financial reboot. You don’t have to do this on your own. Because, our compassionate and capable bankruptcy lawyers will explain the ins and outs of a Chapter 13 bankruptcy to you. Thus, how much involvement on your part is necessary (you may have to attend debtor meetings, for example), and how everything moves through the system. Get yourself the financial fresh start, you deserve.

ARIZONA CHAPTER 13 BANKRUPTCY ATTORNEY

CHAPTER 13 FREQUENTLY ASKED QUESTIONS 

Our Mesa Chapter 13 Bankruptcy Attorneys discuss some of the most asked questions regarding Chapter 13 bankruptcy filings in Mesa, Arizona. Our experienced AZ BK Lawyers can assist you in keeping your home, avoiding a repossession, and stopping a wage garnishment through an AZ Chapter 13 bankruptcy filing.

Chapter 13 bankruptcy is an option of bankruptcy designed to permit a debtor in Mesa or Maricopa County keep assets of value.  Ch 13 allows for a plan to repay creditors over a period of time.  Our Mesa bankruptcy team can help you establish your Chapter 13 bankruptcy filing and will assist you setting up the Chapter 13 repayment plan with the bankruptcy trustee.  During the course of the payment plan, the debtor is protected from garnishments, creditor lawsuits, or other actions.

ANSWER:

Taxes that are priority debts must be paid in full in your Chapter 13 bankruptcy plan. Tax debts that meet the requirements described above may or may not be paid in your plan, depending on your amount and types of debt and your disposable monthly income.

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ANSWER:

There are debt limits to Chapter 13 filers: $1,257,850 for secured debts and $419,275 for unsecured debts. You also must have sufficient income to show that in your plan, you can pay all of your legal fees, priority and secured debts, and some of your unsecured debts. You will attend a plan confirmation hearing to prove this to your trustee.

CONTACT AN EXPERIENCED CHAPTER 13 ARIZONA ATTORNEY

ANSWER:

There is nothing legally stopping you from representing yourself in a Chapter 13 bankruptcy. However, less than 1% of self-represented Chapter 13 cases are successfully completed, or discharged. You could spend thousands of dollars on filing fees and payments to your bankruptcy trustee for your case to be dismissed if you file without attorney representation.

CONTACT AN EXPERIENCED CHAPTER 13 ARIZONA ATTORNEY

ANSWER:

Your Chapter 13 Bankruptcy Attorney will help you gather your documents, draft your petition and creditor mailing matrix, complete your credit counseling courses and other requirements, attend your hearings with you, assist with trustee requests, and more. It is the best way to make sure that your payment plan is full and accurate, and that your case ends in discharge instead of dismissal. To get started, schedule your free consultation with one of our experienced bankruptcy attorneys today.

CONTACT AN EXPERIENCED CHAPTER 13 ARIZONA ATTORNEY

ANSWER:

When you file Chapter 13 bankruptcy, your debts are reorganized into a payment plan that lasts 3-5 years. You will make complete credit counseling courses, submit a bankruptcy petition, attend a 341 Meeting of Creditors and plan confirmation, and make your monthly payments to your trustee. At the end of your payment plan, many debts that weren’t paid in the plan are still eligible for discharge.

CONTACT AN EXPERIENCED CHAPTER 13 ARIZONA ATTORNEY

ANSWER:

Chapter 13 is a payment plan, but debts are discharged without compensation in Chapter 7. Chapter 13 lasts 3-5 years, while Chapter 7 typically lasts around 4-6 months. There are debt limits for a Chapter 13, but income limits for a Chapter 7. Chapter 7 also has exemptions on how valuable assets can be that don’t apply in Chapter 13. Chapter 13 also discharges more types of debts than Chapter 7.

CONTACT AN EXPERIENCED CHAPTER 13 ARIZONA ATTORNEY

ANSWER:

Your Arizona Chapter 13 bankruptcy will last 3 years if you make less than your state’s family-based median income. Your plan will last 5 years if you make more than the median income level.

CONTACT AN EXPERIENCED CHAPTER 13 ARIZONA ATTORNEY

ANSWER:

No matter where you file your Chapter 13 bankruptcy, your entire past-due mortgage balance will be included in your payment plan, as well as your usual monthly mortgage payments. You will be protected from foreclosure by the Automatic Stay until your payment plan is complete, at which point you will be current on your mortgage.

CONTACT AN EXPERIENCED CHAPTER 13 ARIZONA ATTORNEY

ANSWER:

The Chapter 13 trustee is a court-appointed attorney who oversees your case. You will make your plan payments to the trustee, who will then distribute funds to the appropriate creditors. Your trustee will make sure that your petition is full and accurate in your 341 Meeting of Creditors, and that you can feasibly complete your payment plan in your Plan Confirmation.

CONTACT AN EXPERIENCED CHAPTER 13 ARIZONA ATTORNEY

ANSWER:

The amount of debt you pay in your Arizona Chapter 13 payment plan will depend on how much debt and disposable income you have. Some types of debt must be paid in full in your payment plan, like auto loans and mortgage arrearages, while others will be discharged regardless of if they have been paid at the end of your plan. An experienced bankruptcy lawyer should be able to estimate how much you would have to pay in a Chapter 13 bankruptcy in a bankruptcy consultation.

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ANSWER:

You may have too much income to qualify for Chapter 7, making Chapter 13 your only bankruptcy option. Other reasons to file Chapter 13 instead of Chapter 7 include wanting to catch up on assets like houses and cars you’d like to keep, having mostly debts that aren’t discharged in Chapter 7, or having various nonexempt assets that would need to be surrendered in Chapter 7.

CONTACT AN EXPERIENCED CHAPTER 13 ARIZONA ATTORNEY

ANSWER:

Chapter 7 bankruptcy is the better option for those whose debts are mostly unsecured, and don’t have sufficient income to pay them and maintain a reasonable standard of living. Chapter 7 is also appropriate for those who don’t have valuable assets, whether or not they need to be saved from repossession.

CONTACT AN EXPERIENCED CHAPTER 13 ARIZONA ATTORNEY

ANSWER:

Most taxes need to be paid in full in an Arizona Chapter 13 bankruptcy plan. However, if your tax debts meet certain requirements, they will be prioritized along with other unsecured debts like credit cards and medical bills. These requirements are that the taxes have been due for at least 3 years, filed for 2, assessed at least 240 days prior, and the tax filing was not fraudulent. These taxes will only be paid if you have the disposable income to do so after higher priority debts have been paid. Otherwise, they will be discharged at the end of your payment plan.

CONTACT AN EXPERIENCED CHAPTER 13 ARIZONA ATTORNEY

ANSWER:

Student loans are among the lowest priority of debts to be paid in a Chapter 13, so they are paid at a pro rata share. That means your student loan payments will probably be lower while your bankruptcy is active. The jurisdiction in which you file may actually not allow you to make your full monthly student loan payment. You will still accrue interest during your bankruptcy.

CONTACT AN EXPERIENCED CHAPTER 13 ARIZONA ATTORNEY

My AZ Chapter 13 Bankruptcy Lawyers

My AZ Lawyers has the team to assist you with your Mesa bankruptcy. Our Mesa Chapter 13 bankruptcy lawyer can assist you in saving your home through declaring bankruptcy in Mesa.  Thus, no matter if you are looking to file Chapter 7 or 13, we can advise you the best course of action and ensure that your bankruptcy will be done and handled right. Contact our office for a free bankruptcy consultation today.  Additionally, we offer great payment plans and competitive prices.

Other services we offer are family and divorce law services, as well as DUI and criminal defense representation. We strive to offer our clients convenient and affordable legal services. To see how we can help you, call us today.

Call our Mesa Chapter 13 bankruptcy lawyer office today to receive a free consultation, or fill out the contact form below to get in touch with our team of Mesa bankruptcy law professionals.