chapter 13 Archives - My AZ Legal Team - Phoenix Bankruptcy Lawyer

July 22, 2021
By joshjacoby
Chapter 13
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How Does Chapter 13 Bankruptcy Work in Arizona?

How Does a Chapter 13 Bankruptcy Work in Arizona? Most people understand how a Chapter 7 bankruptcy works. You file your bankruptcy petition, list all your debts on there and the court will discharge all of them. Once the bankruptcy is complete and you won’t owe a dime. You’ll get a clean slate. A Chapter […]

Inheritance and Chapter 13 Bankruptcy

Inheritance and Chapter 13 Bankruptcy Bankruptcy proceedings aren’t always easy and straightforward. There are situations that can lead to complications, situations that make it difficult to determine whether the bankruptcy is still possible and if it will have a pronounced impact on one’s life. Imagine the following scenario – you’re crumbling under the burden of debt […]

What Happens if You Get Behind on Your Chapter 13 Plan?

What Happens if You Get Behind on Your Chapter 13 Plan? Chapter 13 bankruptcies are characterized by debt repayment that lasts for a certain period of time. The debtor is acquainted with the terms and conditions and the payments are based on their disposable income. What happens, however, if a financial change occurs through the […]

How is the Chapter 13 Plan Calculated?

How is the Chapter 13 plan calculated? Chapter 13 bankruptcies allow for the restructuring of your Arizona debt. The trustee will appoint a repayment plan that covers a period of anywhere between three and five years. Upon the completion of the plan, the remaining debt will be discharged. How exactly is the Chapter 13 plan […]