When faced by bankruptcy, someone usually goes through a stressful time. The creditor makes sure that property left to your name is used to repay debts . Bankruptcy is a state whereby an individual is unable to repay the money owed by the creditor. A debtor can seek refuge from the legal corridors by hiring an attorney in Asheton B. Call and get debt relief and guidance. The law firm has the expertise in chapter 7 and 13 bankruptcy cases.
When filling for a bankruptcy case, you should have a clue of the bankruptcy chapters that are eligible for you. There are several bankruptcy chapters that a debtor can file for in court and they are chapter 7, chapter 13. Chapter 13 in Casa Grande, AZ, is usually filled by individuals who are facing foreclosure . In addition, liquidation of property is not involved in chapter 13. The main aim of chapter 13 is to protect the creditor from loosing property and at the same time paying the debt. the payment is stretched over a period of three to five years.
Chapter 13 in Casa Grande, AZ, is not eligible to all debtors. Chapter 13 requires that the debtor to repay the debt by using the income earned. If the debtor has a low income or a higher income, the court may not grant him or her to file for chapter 13. Most attorneys will offer a free consultation and review of your financial situation and evaluate the possibility of chapter 13 been granted.
In the United States, there are no requirements for non citizen to file for bankruptcy. Immigrants are also eligible for chapter 13 bankruptcy. But before filing for chapter 13, you should consult with an immigration attorney who will guide you. Filling a bankruptcy may affect your citizenship application.
Chapter 13 bankruptcy gets complex as you go through the stages. Someone will require the help of an attorney who will guide and explain all legal stages. if a debtors does do not qualify for chapter 13 bankruptcy, he or she has the option of other bankruptcy chapters that can be filed for. When in bad debts, do not hesitate to call an attorney for assistance.
