With part of Queen Creek being in Pinal County and part of the town located in Maricopa County, Arizona, you might be confused as to where to turn to when you need to find a Queen Creek bankruptcy lawyer to handle your Chapter 13 bankruptcy. You will have to consult with one of the Queen Creek bankruptcy lawyers that are closest to the area that you live in. The town of Queen Creek is one of the fastest growing towns in the entire United States in the past ten years and there has also been an increase in the number of people filing for a Chapter 13 bankruptcy in the town. The town is well known for its equestrian activities and the Horseshoe Park and Equestrian center is well known for its regional horse shows. Other local area towns have seen fair growth numbers as well, towns like Queen Valley, Sun Lakes, Gold Canyon, and Florence.
Filing for a Chapter 13 bankruptcy can be a complicated process which is why it is important to file for this type of bankruptcy using one of the local Queen Creek bankruptcy lawyers so that you will be able to utilize the professional legal knowledge and expertise. A Chapter 13 bankruptcy means that you agree to pay back a portion of your debts as determined by the trustee of the court in a period of between three to five years. It is very important that you stick to the repayment plan to ensure that you retain the protection of the court in your bankruptcy.
What you need to know about a Chapter 13 bankruptcy:
1. You will have to have an approved repayment plan in place before being granted the protection of a Chapter 13 bankruptcy. The repayment plan will be approved by the trustee that is appointed to your case by the courts, which is why it is always better to use a Queen Creek bankruptcy lawyers as they will probably know some of the trustees in the area and will be able to help you find a favorable trustee who will assess your case quickly.
2. Certain payments will take priority over others. Child support payments will be carefully monitored by the court and you must always ensure that you pay these debts timorously, so that you do not come under any scrutiny of the court with you are under their jurisdiction for the next few years. Taxes must also be paid on time and the correct tax return must be submitted to the federal tax department.
3. The trustee will be responsible for dispersing the payments from you. You will have to ensure that you make this payment at the same, agreed upon time, every month so that you do not default on your repayment plan. This cannot be stressed enough; the courts will come down very heavily on anyone who defaults on the payment to the trustee.
4. If you do not pay your monthly payment to the trustee you could have your bankruptcy dismissed, which means that your creditors may be able to institute legal action against you. You will only be able to modify your repayment plan if your circumstances change drastically.
5. Keeping in contact with you Queen Creek bankruptcy lawyer and the trustee assigned to your case is the biggest tip to getting through your repayment time with ease and without having to incur any penalties.
A Chapter 13 bankruptcy is designed for people who are still earning and income and who have the means to pay back their debts. If you do not have a regular source of income then you will not be allowed to file for this type of bankruptcy and you may have to file for a Chapter 7 bankruptcy. Ascertaining which type of bankruptcy you will be eligible for is the reason why it is important to consult with a local Queen Creek bankruptcy lawyer to advise you on the how to go about this process.
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