The Arizona Chapter 13 Bankruptcy Process

Many people who need help getting out of debt choose to file for bankruptcy under Chapter 13. They may want to protect their assets, or they simply may not qualify for Chapter 7. However, a major decision like filing for Chapter 13 bankruptcy needs to be considered carefully, with full information about one’s rights and responsibilities.

If you are considering going through this process, the Harmon Law Office, LLC can provide the information and personalized advice you need. To schedule a free consultation with one of our Arizona Chapter 13 bankruptcy lawyers, call us today at 480-829-0494.

Chapter 13 Bankruptcy: Step by Step

To complete the Chapter 13 bankruptcy process, you must:

• Demonstrate eligibility. Completing your repayment plan will require an adequate, steady income, so you need documentation to prove that you have one. You must also show that your debts are below a certain level; if they are too high, the court may not believe you can repay them.
• Undergo counseling. The US Bankruptcy Code requires Chapter 13 filers to complete credit counseling with a trustee-approved counselor.
• Develop your repayment plan. Your plan will last for either three or five years, and will involve making monthly payments to your appointed trustee. He or she will use this money to repay whatever debts have not been discharged. Your plan must be approved by the court and your creditors. Your Arizona Chapter 13 bankruptcy attorney can help you with this step.

After these steps are completed, all you need to do is follow your final repayment plan. Instead of worrying about multiple bills piling up, you will only have one regular payment to make until your debts have been settled.

Contact Us

The experienced attorneys of the Harmon Law Office, LLC believe that everyone deserves a second chance. To discuss your case with one of our Arizona Chapter 13 bankruptcy lawyers, contact us at 480-829-0494.