Contact Mesa bankruptcy lawyers to see if Chapter 13 is right for you.
When you meet with one of our sponsoring Mesa bankruptcy attorneys, you'll have the opportunity to talk about the details of your current situation. You may also express your concerns and discuss your worries before you file for bankruptcy.
Our sponsoring Mesa bankruptcy lawyers can have this in-depth discussion with you to get all the information they may need to explain the options that could serve your financial and personal needs. Additionally, they can provide you with a great deal of general bankruptcy information.
Connect with a Mesa bankruptcy lawyer by filling out the below free bankruptcy case review form.
If you're wondering about filing a Chapter 13, our sponsoring Mesa bankruptcy lawyers can explain that such a move may be appropriate if you have a job or some other source of regular income. If you choose this option, Mesa bankruptcy lawyers may be able to use Chapter 13 to liquidate the majority of your debts and then help you set up a reasonable repayment plan for the remaining money you would still owe.
A Chapter 13 case begins with the preparation and filing of your bankruptcy petition. In your petition, you are required to list certain personal information about yourself, your spouse, and your family, and you must set forth all of your income, your property (assets), your expenses, and all debts (liabilities). Additionally, you must select the specific exemptions to which you are entitled.
Shortly after you file your petition, the bankruptcy court clerk should send a notice of your bankruptcy case to all of the creditors listed in your petition. After that, your case will be assigned to a bankruptcy trustee, who will review your case.
The bankruptcy court can also issue an Automatic Stay order. This order can prohibit your creditors from collecting their debts from you, from repossessing your car or other property and from starting or continuing any legal actions against you.
Your Repayment is an Important Part of Your Bankruptcy Case
Your repayment plan is an agreement between you and your creditors in which your creditors agree to forgive a portion of your debts to them in exchange for your commitment to repay your reduced debts over time.
Most plans require you to make monthly payments to a trustee -- a federal official who is appointed by the court to oversee your case -- who in turn makes distributions to your creditors. Typically, your repayment plan will last from three to five years. While you are making payments under a repayment plan, your creditors shouldn't take any collection actions against you and they are required by law to abide by the terms of your repayment plan.
If you would like to know more about Chapter 13 and your other legal options, simply dial our toll free number 877-349-1309. You may also fill out our free case evaluation form to be connected with a local bankruptcy attorney.
