Chapter 13 Bankruptcy in Arizona
Attorney for Chapter 13 Bankruptcy
Individuals normally intend to repay borrowed money but due to bad economic conditions or reduction in their income, it may seem impossible to catch up on back payments to lenders. The solution for some debtors may include declaring bankruptcy and utilizing the protection of the bankruptcy laws. Bankruptcy may be the only way to curtail creditor harassment phone calls and mail. A Chapter 7 bankruptcy is the fastest and least expensive type of bankruptcy for people to discharge certain personal financial obligations. A high-income earner may not qualify for Chapter 7 bankruptcy and so may turn to Chapter 13 bankruptcy for debt relief. For help with solutions to financial problems an individual should contact an Arizona bankruptcy lawyer for legal advice when faced with overwhelming debts and in need of a solution through bankruptcy. The Price Law Group successfully represents many clients with all types of bankruptcies including Chapter 13 bankruptcy proceedings.
Chapter 13 Bankruptcy Relief from Credit Harassment
A debtor seeking relief from harassing creditor collection activity may find Chapter 13 bankruptcy is the correct step toward gaining control of a financial situation. A Chapter 13 bankruptcy declaration allows a debtor a chance to catch up payments and protection through bankruptcy laws from further credit collection for unpaid debts. The procedures for Chapter 13 bankruptcy fall under federal bankruptcy laws and procedures. It is best to have an experienced and qualified bankruptcy attorney represent clients to ensure protection of the rights of debtors during court actions and during negotiating with lenders.
An attorney works with the lenders and debtor client to restructure debts and payment arrangements. A bankruptcy court judge must approve the new payment plan. A debtor must have documented income for deposit with a trustee who distributes the payments per the new schedule. There are requirements to remain in Chapter 13 bankruptcy including remaining current on all payments. There are many advantages to Chapter 13 bankruptcy such as possible elimination of interest on certain debt obligations. For more information about qualifying for Chapter 13 bankruptcy, make an appointment today with the Price Law Group for a consultation with one of our qualified Chapter 13 bankruptcy attorneys.
Contact an Arizona Chapter 13 Bankruptcy Attorney
for Chapter 13 bankruptcy representation.
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