Chapter 13 Bankruptcy
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Description
Whereas, Chapter 13 Bankruptcy is known as a reorganization bankruptcy, it also the 2nd most filed chapter of bankruptcy in Arizona. It is usually filed by individuals who want to pay off their debts over a period of three to five years; need to catch up on delinquent accounts (like mortgage arrearages or delinquent car payments); or make too much money after reasonable and necessary expenses to qualify for Chapter 13 bankruptcy.
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