The Arizona Chapter 13 Plan is a payment plan designed to help individuals manage their debts. It is a type of bankruptcy filing that allows an individual to repay some or all of their debts over a three- to five-year period and allows them to keep their property and assets. The plan is set up by the debtor's attorney and submitted to the court for approval. There are two types of Arizona Chapter 13 Plans: the Traditional and the Modified. The Traditional Arizona Chapter 13 Plan requires the debtor to make payments to creditors for the full amount of the debt owed over the allotted time period. The Modified Arizona Chapter 13 Plan allows the debtor to make reduced payments to creditors over the allotted time period, and the remaining debt is discharged at the end of the plan. The Arizona Chapter 13 Plan must be approved by the court before it can be implemented, and the court will review the plan to ensure it is fair to both the debtor and the creditors. The plan must also meet the requirements of the Bankruptcy Code, which includes a repayment plan that pays the creditors the amount of money they would have received if the debtor had filed for Chapter 7 bankruptcy.
Arizona Chapter 13 Plan
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How to fill out Arizona Chapter 13 Plan?
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