On 4/07/2020 the Phoenix Debt Relief Team at Arizona Zero Down Bankruptcy writes:
The spread of coronavirus is causing millions of Americans to struggle financially. Many states are enacting eviction moratoriums to make sure the pandemic isn’t topped off with a sudden increase in homelessness. An eviction moratorium is typically a temporary freeze on evictions.  Moratoriums apply on all grounds except for interfering with the safety of their neighbors. In Arizona, this freeze is currently slated to last until July 23rd.

Avoid an eviction in Arizona through Chapter 13 bankruptcyWhile the eviction moratorium may help you keep your home right now, all your past-due rent will still be due come July 23rd. Thus, for those who are out of work due to social isolation, it will be impossible to come up with a few grand all at once. Whether or not your landlord will be flexible with repayment will vary by landlord and circumstances. If you love the place you rent and don’t want to lose it, a Chapter 13 Bankruptcy may help you retain your lease.

Additionally, a Chapter 7 Bankruptcy is a liquidation of your dischargeable debts. Credit cards, medical bills, and various other debts will be wiped out completely. However, if you discharge debts from services such as your electric company or phone provider, they may choose to no longer provide you service. Similarly, if you file bankruptcy to discharge your past-due rent, your landlord will likely choose to no longer provide you with a home.  But, in a Chapter 13 bankruptcy, past-due payments are spread out over a 3-5 year repayment plan.  Therefore, contact an experienced AZ BK Lawyer today.

How Long Can You Stay After Filing Chapter 13 Bankruptcy?

You won’t be required to stay at your current rental for the entirety of your 3-5 year Chapter 13 repayment plan.  Applicable if you choose to catch up your back rent through a Chapter 13 bankruptcy. Thus,if you do move out eventually and otherwise qualify for a Chapter 7, you may be able to convert your Chapter 13 to a Chapter 7 and fully discharge any remaining balance.              

If you are stuck at home worrying about how to survive this crisis, don’t wait until quarantine is over to get started. Our Arizona bankruptcy office offers free telephonic consultations.  Whereas, you can discuss your options with a knowledgeable bankruptcy attorney. Preparation to deal with the end of the eviction moratorium is the best protection. 

Contacting our Arizona Zero Down Bankruptcy Lawyers is a great way to get a “Fresh Start”.  There is Life After Filing Bankruptcy and there is life after the Coronavirus Pandemic.  For additional COVID-19 information, click here.

We are a debt relief agency.  Plus, we help people file for bankruptcy.

Call (602) 609-7000 for assistance.  Or click HERE to contact us.  Therefore, get debt relief help in Arizona today.