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

July 22, 2021
By joshjacoby
Chapter 13
No Comments

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 […]

April 18, 2019
By joshjacoby
Chapter 13
No Comments

How to Survive Chapter 13 Bankruptcy in Arizona?

How to Survive Chapter 13 Bankruptcy in Arizona? While a Chapter 13 bankruptcy doesn’t come with asset liquidation like a Chapter 7 filing, it has its specifics. Many people going through the process worry about their ability to make the necessary payments under the Chapter 13 plan. If you’re one of these individuals, you may […]

what happens if you miss a chapter 13 payment

February 22, 2019
By joshjacoby
Chapter 13
No Comments

What Will Happen if You Miss a Chapter 13 Payment?

What Will Happen if You Miss a Chapter 13 Payment? Chapter 13 bankruptcies come with a payment plan aimed at facilitating the process of reducing your outstanding loan balance. The plan is calculated by your bankruptcy trustee and it takes in consideration the amount of disposable income you have left after paying off essentials. Life […]

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 […]

May 22, 2015
By joshjacoby
Chapter 13
No Comments

Chapter 13 Overview and Eligibility

Chapter 13 Bankruptcy: Eligibility And Overview Of Payment Chapter 13 bankruptcy allows a debtor to pay back all or some of his or her debts to obtain a discharge. Unlike Chapter 7, where debtors are relieved from paying for their debts, Chapter 13 allows debtors to reorganize their debts and pay them back over time. […]

January 13, 2015
By joshjacoby
Chapter 13
No Comments

Get Me Out! How to Stop Your Chapter 13 Repayment Plan

If you filed a bankruptcy petition under Chapter 13 you probably are in the process of making a repayment plan or you already had the court approve your repayment plan. A Chapter 13 bankruptcy is different from a Chapter 7 bankruptcy because it lasts longer (three to five years) and it does not involve liquidating […]