Tucson Arizona Chapter 13 Bankruptcy Attorney

Chapter 13 Bankruptcy

What is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy is a repayment plan that allows debtors to pay some or all of their unsecured debts over a 3-5 year plan. Your unsecured debt repayment is based off of your Means Test disposable income, or the value of your non-exempt assets.

If you file for Chapter 13 bankruptcy, our attorney will create a repayment plan. This plan will outline how much you will pay each month to your secured and unsecured creditors.

 In a Chapter 13, you can also pay off accumulated arrearages on home loans or do a loan modification through the court’s MMM program. A loan modification will eliminate the loan past due arrearage along with potentially adjusting the length of the loan, reducing the interest rate or principal balance. 

Your plan can also pay off vehicles at their current fair market value, instead of what you owe, if you’ve had the vehicle for over 910 days (~two and half years). High interest rates on the vehicle loan can also be reduced to a more reasonable rate indexed to current federal fund rates.

Once you have completed your repayment plan, any remaining balances on your unsecured debts will be discharged. This means that you will no longer be responsible for repaying these debts.

If you are struggling with unmanageable debt, Chapter 13 bankruptcy may be a good option for you. Speak with our experienced bankruptcy attorney to learn more about this process and whether it is right for you.

Chapter 13

The Advantages of Filing Chapter 13 in Arizona

    1. Any outstanding debt is canceled after your repayment term has ended, and it is tax-free.
    2. An Automatic Stay is issued and creditors must stop harassing you;
    3. The attorney fees can be paid for through the plan;
    4. You won’t lose any assets which are non-exempt;
    5. Chapter 13 protects your co-signers;
    6. It helps with foreclosure and repossessions.
    7. You can discharge additional certain debts in a Chapter 13 that you can’t in a Chapter 7. This is often referred to as the Chapter 13 super discharge.

The cost of Filing for Chapter 13 in Tucson, AZ

Attorney Fees: The Arizona bankruptcy court currently sets the Chapter 13 attorney flat fee at $4,500.00 for most cases. Attorneys can collect the fee through the plan payments making it very affordable, with some of it partially paid before case filing. 

Costs: The court filing fee for Chapter 13 in Arizona is $313.00.

How Our Tucson Chapter 13 Bankruptcy Lawyer Can Help

Ross Meiners has years of experience successfully guiding our clients through the bankruptcy process. He will evaluate your financial situation and help you determine if Chapter 13 bankruptcy is right for you. If so, we will help you throughout the process to ensure that it goes as smoothly as possible.

Call us today at (520) 777-2198 to schedule a free consultation with our experienced Tucson, AZ Chapter 13 bankruptcy lawyer. We are here to help you get the fresh start you deserve.

Yes, the Chapter 13 Trustee can elect to review your more recent bank statements if the trustee deems it is necessary.

Your credit score after a Chapter 13 Bankruptcy discharge will vary. Your new score will depend on how good or bad your credit score was prior to the filing of the Chapter 13 Bankruptcy. For most individuals, you can expect to see quite a rise in your overall credit score with the credit report showing accounts with no balance owed and no ongoing negative reporting of late payments.

Unless you pay creditors in full, you can’t terminate your Chapter 13 plan early before 36 months.  

A study by the American Bankruptcy Institute (ABI) found that nationwide, about 50% of confirmed cases reach discharge.  However, a well-crafted Chapter 13 plan will obtain a much higher success rate.   Calculating the Chapter 13 Means Test accurately and using all the available deductions will greatly improve the success rate over the nationwide average.

Office Location

Meiners Law Office, PLC

Address: 177 N. Church Avenue, Suite 200 Tucson, AZ 85701

Phone: (520) 777-2198