Chapter 13 Bankruptcy
Arizona Chapter 13 Bankruptcy Lawyers
Phoenix — Chandler — Mesa — Tempe
Often the word "bankruptcy" calls up thoughts of a mass sale of property and a near-term payoff of all debt. Chapter 13 bankruptcy is the less well-known bankruptcy option that handles individuals' and families' financial challenges differently.
Chapter 13 bankruptcy allows people facing serious cash flow issues to reorganize their debt under the supervision of a court. Specifically, in Chapter 13 bankruptcy:
- The debtor proposes a plan to repay his or her debt over a three- to five-year period.
- Payments are reduced and can affect most types of debts. Exceptions include taxes, child support, alimony, and car and house payments.
- Creditors cannot collect or attempt to collect previously incurred debt during the repayment period, except through the court.
Eligibility for Chapter 13 bankruptcy requires that debtors have court-defined "disposable" income, which is used to make reduced payments on debts. Non-disposable income is left with the debtor for living expenses.
Do you or your family face serious financial challenges and feel in over your head? Do you wish to retain all property, including boats, jewelry, bank accounts, cars and real property? The Phoenix and Chandler, Arizona, bankruptcy law firm of Law Offices of Jim Olsen can work with Chapter 13 bankruptcy laws to protect your property while leading you to a fresh start.
Eliminate Your Debt. Retain All of Your Property.
If you are facing mounting debt and harassment by creditors, we can help. Firm attorney Amy Dohrendorf has handled numerous bankruptcy cases, and has successfully brought a fresh start to many individuals and families who had a significant income yet faced unmanageable debt.
"I just wanted to thank you so very much for all of your hard work! You did a fantastic job and I can't thank you enough for getting me through a very difficult time in my life." — Former client
Our firm receives 40 percent of its business from repeat legal services and referrals from satisfied clients. For a no-charge discussion about how the Law Offices of Jim Olsen can help you, contact our firm.
Contact Us
If you have questions regarding Chapter 13 bankruptcy and want a fresh start, contact our firm. We offer free initial consultations and charge reasonable and competitive rates. Our Phoenix office is conveniently located downtown, and our Chandler office is located near the 202 and 101 interchange. Contact us online, call us at 602-324-7297.
We are a debt relief agency. We help Arizona people file for bankruptcy relief under the Bankruptcy Code.
