Phoenix, Arizona Bankruptcy AttorneysBankruptcy Questions? Our Phoenix bankruptcy attorneys are located in Phoenix, Arizona, and serve bankruptcy clients in Scottsdale, Phoenix, Glendale, Tempe, Mesa, Chandler, Pleasant Valley, Avondale, Cashion, El Mirage, Peoria, Sun City, Sun City West, Tolleson, Youngtown, Gilbert, Queen Creek, Casa Grande, Surprise, Prescott, Marana, Tucson, Flagstaff as well as Pima, Pinal, and Maricopa County.
Bankruptcy allows the individual to either liquidate all their assets and use that money to pay off their debts at a reduced rate or to create a repayment plan that functions over three to five years which enables the individual filing for bankruptcy to regain their financial footing without losing their assets and livelihood.
If you do have money left over, then you must repay that leftover amount each month in a chapter 13. On the other hand, if you don't have any money left over at the end of the month, then you are eligible for a chapter 7 bankruptcy despite your higher-than-median income.
There are two kinds of personal bankruptcy that you will need to consider and it includes filing of bankruptcy according to chapter 7 and chapter 13. While chapter 7 will allow you to get rid of your debt entirely and this is the best option for individuals with low income and high debt amount.
From our offices in central Phoenix (left), Yuma, and Prescott, we offer the agility, value, and responsiveness you expect from a seasoned, effective bankruptcy focused law firm, offering experienced advocacy on behalf of borrowers, creditors, and other parties in major Arizona industries, including those listed below.
If you are wondering if filing chapter 13 bankruptcy or chapter 7 bankruptcy is the right choice for you, if you are wanting legal answers to your financial questions, and if you would like assistance making informed financial decisions for your future, we encourage you to take advantage of our FREE initial consultation.
When filing for bankruptcy, it is important to take into account the terms and conditions of the bankruptcy law so that you will get assistance when your finances collapsed Moreover, it also offers you the opportunity of starting your life afresh so that you can decide on the kind of investments that you need to make for achieving a financially secure future.
Our Goodyear and Avondale bankruptcy lawyers are located in Avondale, Arizona, and serve bankruptcy clients in Goodyear, Scottsdale, Phoenix, Glendale, Tempe, Mesa, Chandler, Pleasant Valley, Avondale, Cashion, El Mirage, Peoria, Sun City, Sun City West, Tolleson, Youngtown, Gilbert, Queen Creek, Casa Grande, Surprise, Prescott, Marana, Tucson, Flagstaff as well as Pima, Pinal, and Maricopa County.
Lowest Fee Gilbert Bankruptcy Lawyers, set an appointment today. Plus, Ryan works with you all the way through the bankruptcy filing process. A Phoenix bankruptcy attorney Credit Card Debt Phoenix can assist you with filing for bankruptcy or with defense against the IRS. Many people avoid lawyers because they are worried about the affordability of the fees.
Lerner and Rowe® Law Group is owned and operated by attorneys Glen Lerner and Kevin Rowe. In addition, find out if you meet the requirements for chapter 7 or chapter 13 bankruptcy filing. The conditions also include knowing the debts that should be discharged prior to the other kinds of bankruptcy and the procedure for discharging of the debts.
Most debt can be eliminated in bankruptcy, with some common exceptions such as student loans and recent tax debts. We understand the difficulty caused by financial problems and we will help you quickly obtain relief from the stress caused by out-of-control debt.
The bankruptcy code does provide an exception and allows a debtor to discharge their educational loans if they can show undue hardship.” However, the courts have narrowly construed this meaning so that a very persuasive showing must be made. Many aim to file a Chapter 7 (see What is the difference between a chapter 7 and chapter 13” section), but you may be better suited for a Chapter 13 depending on what assets you own and the type of liabilities you have.