Chapter 13 Bankruptcy

Many people are finding themselves struggling with debt for the first time in their lives. Job loss, unexpected health care costs, and high interest rates on credit cards can make it difficult for any individual to stay on top of their finances.

At Wilson-Goodman Law Group, PLLC, we represent clients in Chapter 13 bankruptcy proceedings. To find out if bankruptcy is a viable option for you, contact our law offices in Gilbert or Queen Creek.

What Is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy is a personal bankruptcy option that reorganizes debt. Debtors are set up on a repayment plan in which they repay a portion of their debts with no interest. The repayment plan lasts from three to five years and is based on the amount of the debtor's income.

Chapter 13 is called "wage earner bankruptcy" because those filing are often working and earning an income. The debtor must have enough income to repay a portion of what they owe. Those who are not eligible for Chapter 7 bankruptcy may still be eligible for Chapter 13.

Why Should I Consider Bankruptcy?

Many people who file for bankruptcy are responsible and have jobs, but find themselves with an unmanageable amount of debt. Whether they lost a job, faced an unexpected expense, or fell behind financially for another reason, many find themselves considering bankruptcy for the first time in their lives.

Bankruptcy is a constitutionally granted debt relief option. People with an income can use Chapter 13 bankruptcy to get rid of debt and make a fresh start. When debt consolidation and debt settlement plans fail, bankruptcy may prove to be the best option. Wilson-Goodman Law Group, PLLC, can explain further benefits of filing Chapter 13 bankruptcy.

Contact Us

To speak with a bankruptcy law attorney who can explain the bankruptcy reorganization process, contact us in Gilbert at 480-359-1758 or Queen Creek at 800-409-2187 to schedule a free initial consultation.

Wilson-Goodman Law Group, PLLC is a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.