If you are burdened by debt in Mesa, including secured debt such as a home mortgage, you may be considering filing for Chapter 13 bankruptcy. Chapter 13 stops creditors from taking legal action against you, while giving you three to five years to pay down your debt.
Do you qualify for Chapter 13? Most people who do not qualify for Chapter 7 bankruptcy do qualify for Chapter 13. At the Arizona Law Group of Trezza & Associates, we can advise you on whether you qualify for Chapter 13 bankruptcy. Contact us to set up a consultation with an experienced Mesa Chapter 13 bankruptcy lawyer.
Chapter 13 Lawyer in Mesa
The means test was introduced in 2005 partly to push more people into filing for Chapter 13 bankruptcy. Chapter 13 is also known as the wage earners plan. In order to qualify for Chapter 13, you must earn enough pay all or a portion of your debt over a three-to-five-year time period.
Other requirements for filing for Chapter 13 include:
- You cannot have had debt discharged through bankruptcy recently (within two years of a Chapter 13 and within 4 years of a Chapter 7)
- You cannot have had a bankruptcy dismissed within the last 180 days
- You must have fulfilled the credit counseling requirement
- Your debts are not too high (not more than $336,900 in unsecured debt, $1,010,650 in secured debt)
If you are considering filing for Chapter 13 bankruptcy in Mesa, it is important to consult with an experienced Arizona bankruptcy lawyer to understand how the law applies to your unique circumstances.
Contact a Chapter 13 Mesa Attorney Today
You will find a great deal of valuable information on this website. However, your situation is unique. When you are ready to discuss your case specifically, do not hesitate to contact us to speak with a Mesa Chapter 13 bankruptcy attorney.
