Finding a Chapter 13 Bankruptcy Attorney in Arizona
A Chapter 13 Bankruptcy Attorney is a person who can help individuals and families restructure their debts in order to get a fresh financial start. They can also stop wage garnishment and prevent creditor harassment while helping to get their property protected.
In Phoenix Arizona, there are many bankruptcy attorneys who can assist you in getting relief from debt and other problems that may be causing you to lose control of your finances. Having the right lawyer to represent you can ensure that your case is filed correctly and successfully. Click here to find the best bankruptcy lawyer in Phoenix.
If you are looking for the best Chapter 13 Bankruptcy Attorney in Phoenix, you can ask friends or family members for recommendations or search online for a reputable legal firm. There are a number of important things to look for in the right lawyer, including knowledge of the law, experience with bankruptcy cases and a commitment to making sure that your case is filed correctly.
The first step in filing a Chapter 13 case is to gather all of your financial information, including pay stubs and W-2 forms for the most recent tax year. You will also need to request your credit report and bank statements.
Once you have all of this information, it’s time to meet with a qualified bankruptcy attorney. This is often a free consultation where you and the attorney can discuss your situation and determine whether or not bankruptcy is the best option for you.
You and the attorney will work together to draft a plan that will repay your creditors over three to five years, depending on your income and the circumstances of your case. The court will then approve this plan.
This is the only way that you can discharge most of your unsecured debts and keep your property. This process is supervised by a trustee who will disburse your payments to the creditors on your behalf.
There are some exceptions to this rule, such as student loans that continue to accrue interest after the Chapter 13 filing, but most of your nondischargeable debts will be discharged under a Chapter 13. You’ll also be required to make your monthly payment for a period of up to five years.
Your attorney will then review the proposed Chapter 13 repayment plan with you and explain its benefits and potential pitfalls. If you’re not happy with your plan, he or she will likely make changes to it and present them to the judge.
Then, the judge will consider all of the arguments against your plan and decide whether or not to approve it. This can be a frustrating process, but it is necessary to protect your assets and keep you in control of your finances.
You and your attorney will be able to negotiate with your creditors, as well as the court, if they object to your Chapter 13 plan. Most judges give you several opportunities to change the plan and resolve any objections before dismissing your case.