Chapter 13 bankruptcy is used by individuals (incorporated businesses cannot file under chapter 13) to adjust payments made to creditors. Unlike a chapter 7, a chapter 13 bankruptcy case lasts for several years. Reasons for filing under chapter 13 vary, but many of them are filed because the debtor...

1. When to Hire a
Chapter 13 Bankruptcy Attorney
in Phoenix
http://bwgbankruptcyattorneys.com/chapter-13/

2. Chapter 13 Bankruptcy is used by individuals to adjust payments
to creditors. Incorporated businesses cannot file Chapter 13. Your
Chapter 13 Bankruptcy attorney in Phoenix can provide with other
options for businesses. Chapter 13 filing lasts for several years.
Many reasons a debtor files under Chapter 13 include: the need for
bankruptcy relief without qualifying for chapter 7; falling behind
on mortgage payments and wanting to become current; wishing to
keep an asset they would otherwise have to liquidate (sell); or
wants a debt discharged which cannot be discharged by a chapter 7
filing.
Your Chapter 13 Bankruptcy attorney in Phoenix can help you file
your claim and plot out your plan of repayment. This is similar to
Chapter 11 when the debtor has to determine how they will pay
back their creditors. This plan must meet requirements to satisfy
the Bankruptcy Code. A Chapter 13 Bankruptcy lawyer in Phoenix
can help determine what requirements are necessary. In Chapter 13
a trustee is appointed to review the debtor’s plan and make sure it
meets these requirements. If this is the case the trustee
recommends approval of the plan. The automatic stay is in place
with Chapter 13 which prevents creditors from collecting in any
other fashion.
A Chapter 13 Bankruptcy attorney in Phoenix can help you
through the complicated process of filing. You can better
understand the requirements with the guidance of a bankruptcy
lawyer in Phoenix. There are also obligations which must be
undertaken as well as the benefits of filing for Chapter 13. Chapter
13 bankruptcy is a last ditch option when the debtor would not
benefit from filing Chapter 7 or Chapter 11. Businesses cannot file
for Chapter 13 unless they are sole proprietorship and the
individual is filing for Chapter 13 personally. If you want to catch

3. up on missed mortgage payments Chapter 13 is the way to go.
A Chapter 13 Bankruptcy attorney in Phoenix is necessary to work
with their debtor clients closely to develop a Chapter 13 plan
which works for everyone. They have the knowledge and
experience which will benefit the client and help them prepare for
any instances that may arise. To be prepared for the worst, the
attorney will give you all the tools you need to handle the
paperwork and filing. You will need to know the basics behind
what you are trying to accomplish. Each case is different, but an
attorney can help.