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Glendale Chapter 13 Bankruptcy Attorney
Chapter 13 Bankruptcy in Glendale, AZ
Experienced Chapter 13 Bankruptcy Attorney in Glendale, AZ
Are you struggling to repay your debt? If you’re dealing with overwhelming debt, declaring bankruptcy can provide you with relief. However, you may be unsure about filing bankruptcy if you want to keep your home and possessions. Our Glendale Chapter 13 bankruptcy attorney can help you determine if a Chapter 13 filing is right for you.
At Glendale Bankruptcy Attorneys, we find that Chapter 13 bankruptcy is an ideal option for many of our clients who want to protect certain assets and property. If you’re considering bankruptcy in Glendale or nearby areas in Arizona, call us at 623-471-1377 to schedule a consultation!
Debt Repayment Plan in Chapter 13 Bankruptcy
In a Chapter 7 bankruptcy filing, a bankruptcy discharge completely wipes your unsecured debt. However, a Chapter 13 bankruptcy allows you to create a debt repayment plan and pay back a portion of your debts in a customized three-to-five year plan. After completing your plan, your remaining unsecured debt will be discharged.
Our Chapter 13 bankruptcy attorney at Glendale Bankruptcy Attorneys will carefully review your current income, living expenses, and debts to draft a payment plan that works for you. After repaying priority debts and secured obligations, the bankruptcy court looks at two factors to determine how much of your unsecured debt needs to be repaid:
A Chapter 13 bankruptcy requires you to devote all of your disposable income to paying back your debts for the duration of your Chapter 13 repayment plan.
Best Interest of Creditors
At the minimum, you will need to pay off at least the amount that your unsecured creditors would receive had you filed for Chapter 7 bankruptcy.
Chapter 13 Bankruptcy & Foreclosure Defense in Glendale, AZ
Many people file for Chapter 13 when they are facing foreclosures. While a Chapter 7 only delays foreclosure proceedings, a Chapter 13 bankruptcy may be able to completely eliminate the threat of foreclosing on your home.
By making use of the automatic stay and other tactics, such as eliminating a second mortgage through lien stripping, our Glendale bankruptcy attorneys can help you avoid foreclosure and keep your home through Chapter 13.
Contact Our Glendale Chapter 13 Bankruptcy Attorney!
Find out if a Chapter 13 bankruptcy is right for you! We will walk you through your bankruptcy options and debt alternatives and assist you in getting debt relief in Glendale, Arizona.
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