Many Pima County and Arizona homeowners face losing their homes to their lenders. Chapter 13 is a way to help prevent foreclosure on a consumer’s property and gives the consumer an “automatic stay.” The court will then create a payment plan for the consumer that includes their mortgage; thus, allowing the homeowner to keep their home and avoid a foreclosure mark on their credit report. Contact our Tucson chapter 13 bankruptcy attorney for more information about how filing a chapter 13 bankruptcy could be beneficial to you.
Stop Vehicle Repossessions with a Tucson Chapter 13 Bankruptcy
Repossession is a fear of many people in Tucson who are behind on or can not make timely payments on their vehicle. Consumers who are at risk for losing their vehicle can use a Tucson Chapter 13 to prevent it from being repossessed. Chapter 13 also protects the consumer from paying a large lump sum to satisfy back-owed payments on their vehicle, and the remaining balance will be included in the consumer’s repayment plan set by the court.