Arizona Chapter 13 Bankruptcy Lawyer

Chapter 13 bankruptcy involves a monthly payment plan that is submitted to the court to pay down your debts. The plan can go a maximum of five years and can be a great tool for stopping foreclosures and saving your home. The plan is overseen by a court-appointed trustee where the trustee disburses your monthly payments to your creditors.

The plan payment made to the court is based on your monthly disposable income. Your disposable income is the amount of money that is left over each month after all ordinary living expenses. The courts and the IRS determine what suitable living expenses are based on where you live. An experienced Arizona bankruptcy attorney will review your budget and submit a proposed payment plan to the Chapter 13 trustee for confirmation.

The Chapter 13 plan can be amended throughout the terms of the plan to change the plan payment to reflect any changes in the monthly budget. Our Chapter 13 attorneys can assist you in filing your chapter 13 for little to no money down. Contact us to schedule a free case review to determine if Chapter 13 bankruptcy is right for you.