Chapter 13 Bankruptcy   

        Phoenix, Arizona, Bankruptcy Law Attorneys

        A Chapter 13 bankruptcy is commonly called a reorganization.  That is

       because the debtor enters into a payment plan to pay back a portion of

       the debts owed to creditors.  The payment plan can last up to 5 years. 

       The advantage to filing a Chapter 13 bankruptcy is that the debtor is able

       to keep all of his assets, whether they are exempt or not.  Some debts

       that cannot be discharged in a Chapter 7 bankruptcy can be reduced in

       Chapter 13 payment plan.

       Additionally, any co-signers to your debts are immune from the creditor’s

       collection activities so long as the Chapter 13 plan provides for full

       payment. 

       You can also receive protection against foreclosure by your lender of

       your home. 

       Some disadvantages to filing a Chapter 13 bankruptcy is that you must pay

       your debts out of your disposable (post-bankruptcy) income.  This ties up

       your cash over the repayment period. 

        To learn more about Chapter 13 bankruptcy contact us today at

        602-910-2642 or 623-239-4610 or email us for a free consultation.