The tough economy of the last decade has cause many Mesa residents to struggle financially and bankruptcy is often a legitimate way to reboot your financial future and eliminate crushing debt. Reasons for being under a financial strain are varied. Maybe you have lost your employment, because your company is downsizing or had to shut down, maybe you had to quit your job to take care of a loved one, or you have been sick and unable to work. No matter the reasons, our team of Mesa Chapter 7 bankruptcy lawyers can assist you and help you to gain a fresh and positive outlook on your financial future.
Often the assistance of an experienced Arizona bankruptcy attorney will help you determine which chapter of bankruptcy you should choose. Far and away, the most popular chapter of bankruptcy filed in Arizona is Chapter 7 Bankruptcy. Also known as liquidation bankruptcy, because unlike in a Chapter 13 where a payment plan is devised to pay of your debt, your non-exempt assets might be sold off to satisfy the claims of your creditors.