You might be thinking about filing for bankruptcy if you are experiencing overwhelming debt. A Chapter 13 Bankruptcy Attorney can help you eliminate your debts and get back on track financially. They can also help you keep your property during the bankruptcy process.
The best Chapter 13 Bankruptcy Attorney in Phoenix will listen to your financial situation and provide you with an accurate assessment of your case. They will be able to determine the best type of bankruptcy to meet your needs and ensure that you get the most benefits from your filing.
Your first step in filing for bankruptcy is to complete credit counseling and fill out the forms. You’ll be assigned a trustee who will oversee your case and contact your creditors before you submit your repayment plan. If you skip a step or make a mistake, your bankruptcy could be thrown out and you may not have the proper debts covered.
If you file for bankruptcy with the assistance of a competent Chapter 13 Bankruptcy Attorney in Phoenix, they will walk you through the process and make sure everything goes smoothly. They will also explain the benefits and risks of a bankruptcy filing, and they’ll help you decide if it is the right decision for your specific financial situation.
The most important advantage of a Chapter 13 bankruptcy is that it allows you to restructure your debts and negotiate new payment terms with your creditors. This can put an end to harassing calls from debt collectors and prevent a home foreclosure.
It also protects you from creditors who might try to seize your assets if you are unable to pay them, as long as you have been honest with them and abide by the terms of the court-approved payment plan. It’s the most common form of bankruptcy for people with steady income who have significant unsecured debt that they can no longer afford to pay.
A skilled Chapter 13 Bankruptcy Attorney in Phoenix can create a repayment plan that is designed to fit your unique situation and financial needs. This way, you’ll be able to save your home and reduce your monthly payments on secured debts, while eliminating unsecured debts such as credit cards and medical bills.
They will also work to maximize your equity in your home so that you can avoid a foreclosure and save as much money as possible. They’ll also use their experience to craft a plan that allows you to eliminate your debts in the shortest amount of time while preserving as much of your assets as possible.
When you’re ready to discuss your debts and financial situation with an experienced Chapter 13 Bankruptcy Attorney in Phoenix, reach out to Dodge & Vega PLC today. We’ll provide you with a free consultation and we can discuss the options that are available to you. We’ll also discuss your budget and help you find the most suitable bankruptcy solution for your financial situation.