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May 2015 Archives

The advantage of reorganization bankruptcy

Sometimes, those in Arizona are so far in debt that they just want to wipe everything out and start over again, and these people often turn to Chapter 7 bankruptcy. However, what if you don't want to liquidate your assets to get rid of all of your debt at once? Is there an option for you if you just want a new way to pay back what you owe?

Supreme Court rules on Chapter 13 bankruptcy appeal

A recent Supreme Court decision regarding Chapter 13 bankruptcy may affect debtors in Arizona who want to appeal their bankruptcy plans. The justices ruled that a Massachusetts debtor who owed $387,000 on his home did not have the right to appeal the bankruptcy court's decision to refuse to ratify his plan.

Debts after Chapter 13 bankruptcy

In a Chapter 13 bankruptcy, a debtor works with the court to develop a debt repayment plan that lasts anywhere from 3 to 5 years. At the end of the repayment plan, most remaining debts are eliminated by the court. However, some debts will not be discharged. While the debtor will make manageable payments on these debts during the repayment period, once the judge orders the discharge, the client will still be obligated to pay off the amounts.

  • MCBA | Maricopa County Bar Association
  • State Bar of Arizona
  • ABA | American bar Association | Defending Liberty Pursuing Justice
  • Oregon State bar
  • NACBA | National Association of Consumer Bankruptcy Attorneys
  • NACA | National Association of Consumer Advocates
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The Dodds Law Firm, PLC, is located in Surprise and serves clients throughout the West Valley area. To schedule a consultation with a lawyer, call 623-208-6098 or toll free at 877-827-9906. You can also contact us online.

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