To get a payoff quote, contact your loan servicer and ask for a "payoff letter" or "payoff statement. Meyer Law P.C. offers several options if you are in need of Phoenix bankruptcy help.Chapter 7 bankruptcy is one of our specialties. If you need to file for bankruptcy but want to keep your property, call us to speak with a seasoned Phoenix Chapter 13 bankruptcy attorney. Meyer Law P.C. offers help with Chapter 13 Bankruptcy for those Arizona residents struggling with debt in Phoenix, Mesa and Peoria. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Considering filing bankruptcy? Creditors consider charge-offs one of the most severe offenses a consumer can incur, short of declaring bankruptcy. People who file for personal bankruptcy get a discharge — a court order that says they don't have to repay certain debts.