Chapter 13 Attorney in Phoenix
Helping Clients Reorganize & Consolidate Their Debt
Chapter 13 bankruptcy is an option that is often pursued by people who do not qualify for Chapter 7, or have assets they would lose in Chapter 7, but are still overwhelmed by debt.
Chapter 13 allows them to make court-supervised payments over a specified period of time. These payments are reviewed and approved by the court and are tied to a person's ability to pay. It is often used by our clients who operate their own business.
Chapter 13 bankruptcy can also allow you to:
- Consolidate your debt into manageable monthly payments
- Reduce or eliminate your interest
- Protect your assets and keep your home and car
- Regain control of your debt
At the Law Office of Harold E. Campbell P.C., our Chapter 13 attorney in Phoenix carefully guides each client through this process. We understand that the process can be stressful, and we can walk you through every step. Our team is focused on achieving the best possible results and helping you move closer to a debt-free future.
Difference Between Chapter 7 and Chapter 13 Bankruptcy
There are different options for bankruptcy if you are seeking debt relief. The two most common types are chapter 7 and chapter 13 bankruptcy. Both help you get rid of debt but there are differences and what you choose depends on your situation.
In Chapter 7 bankruptcy :
- You will need to liquidate your personal assets to pay off creditors
- For those who do not have disposable income to pay off debt.
- Need to pass the Means Test
In Chapter 13 Bankruptcy:
- Repayment plan where you pay off creditors within a time frame
- Stop foreclosure
- Best for those who do not qualify for Means Test
Remove the Weight of Debt from Your Life
Debt can feel like dragging around a heavy, iron anchor – a weight that keeps you from reaching financial security. You may be stuck living paycheck-to-paycheck, paying a few hundred dollars to one creditor and a few hundred to another. You may be depleting your savings by supporting a failing business or juggling the mortgages on multiple real estate holdings.
It's never enough, and the anchor keeps you from getting anywhere. But you don’t have to suffer through your debt alone – our bankruptcy attorney at the Law Office of Harold E. Campbell P.C. fight financial problems with creative legal solutions. We guide debtors through the bankruptcy process, making sure that things go smoothly. The result? Our clients are often able to leave debt behind and move forward into sound financial situations.
What Do I Get To
Keep In Bankruptcy