Chapter 13 in Tempe is a debt consolidation and (partial) repayment of your debts based on what you can afford to pay (instead of what you owe). Chapter 13 has substantial power to restructure your debt, including allowing you to bring your mortgage current if you are past due, recover a repossessed auto, restructure interest rates, and in some cases reduce the principal balance. Generally, your chapter 13 repayment plan amount will be based on your disposable income. Disposable income is determined by deducting your monthly expenses from your income. Our experienced Tempe bankruptcy attorneys can help ensure that you are only paying the amount necessary for the court to approve your repayment plan. The repayment plan will normally last between 36 and 60 months. To find out how chapter 13 can help you, schedule a free consultation today!