Chapter 13 Defined

Chapter 13 Bankruptcy is a legal process that occurs when people file a petition with a U.S. bankruptcy court.  Once the petition is filed and the process is complete, people will be able to repay their creditors over a time period of 3 to 5 years.  This gives people a chance to manage and then reduce their debts over the course of time.

Chapter 13 Eligibility

Not everyone is eligible for Chapter 13 Bankruptcy.  In order to file for this type of bankruptcy, people must meet eligibility requirements.  To file for Chapter 13, people must:  meet the residency requirements of their state (reside in their state for at least 90 days prior to filing), not have filed for bankruptcy in the past 8 years, not have a bankruptcy case dismissed 6 months prior to filing, complete credit counseling 6 months prior to filing, pass the means test.  Finally, people must prove that they have sufficient income to repay their creditors.  They must also have no more than $250,000 in unsecured debt and no more than $750,000 in secured debt.

Should You File for Chapter 13?

Sometimes, people fall behind on their bills and simply need time to catch up.  If this sounds familiar to you and you are struggling to manage your finances, you should review your legal options with an experienced bankruptcy lawyer.  In some cases, Chapter 13 will be the best option and in other cases, bankruptcy alternatives may be more practical.

At The Tucson Bankruptcy Law Firm our law firm deals exclusively with both Chapter 13 and Chapter 7 Bankruptcy.  Our legal team is comprised of Tucson attorneys who have literally handled over a thousand bankruptcy cases throughout the U.S.  This means that when you choose to work with our Arizona law firm, you will receive representation and advice from attorneys who know bankruptcy law and who have gone through the bankruptcy process countless times.  This will expedite the legal process and allow you to get out of debt in a much shorter amount of time.

Tucson Chapter 13 Bankruptcy Law Firm

The Tucson Bankruptcy Law Firm is truly a results oriented bankruptcy firm.  If you would like to speak with one of our Tucson bankruptcy attorneys about your debt, contact us to set up an initial consultation!

The Bankruptcy Law Firm is comprised of independent Tucson bankruptcy lawyers that handle Chapter 13 and Chapter 13 Bankruptcy cases in Arizona.