Bankruptcy, Chapter 7 or Chapter 13, is and option for many Phoenix residents who want to reduce or eliminate debt. However, each debt-relief case is unique.  Thus, depending on the circumstances of the debt, there may be alternatives to achieving financial freedom.  Consult our Phoenix Bankruptcy attorney for more information.

Contact our Phoenix attorneys and schedule a free consultation and debt evaluation.

A lawyer at our firm experienced in debt relief will listen to your financial goals and evaluate the debt. Also, consulting with an attorney will help you understand your rights as a debtor, and get options. Plus, our legal team is dedicated to exceptional legal service and representation — if a Phoenix bankruptcy is not the best option for your case, we will advise you accordingly in order to achieve the best possible outcome for your case.

Filing for bankruptcy protection in Phoenix does not mean you will lose your car or house. Whereas, Arizona bankruptcy law provides protection of assets, and these exemptions are outlined in each bankruptcy case. Additionally, exemptions in individual bankruptcy filings are allowed in order to fulfill the goal of eliminating debt.  Likely, financial and debt problems may not go away if everything is taken away from the filer. Generally, the asset exemptions include reliable transportation, a modest home, necessary appliances, and furniture in the home, reasonable personal items, and tools necessary for work.

Since each bankruptcy case has its unique circumstances, it is important you have the assistance of our Phoenix bankruptcy law team. Our experienced lawyers are knowledgeable in the bankruptcy law and code.  Thus, our debt relief team helps debtors with retaining assets.  Plus, we get you a “Fresh Start” through filing a bankruptcy.  

Discuss Your Options with Our Phoenix Debt Relief Lawyers

Discuss your potential debt relief case with an attorney by scheduling a FREE CONSULTATION and FREE DEBT EVALUATION. Therefore, this initial free consultation can help you protect your rights as a debtor.  Plus, get answers to your debt relief questions, understand your options, and keep your property.

Chapter 7 bankruptcy protection is the choice of Phoenix residents with overwhelming debt. The goal of a Chapter 7 filing is to completely discharge, or get rid of, certain kinds of debt in a short period of time. A discharge indicates the debtor will not repay the debt. Types of debt included in a Chapter 7 include credit card bills, medical bills, utility bills, or personal loans.

Qualification for Chapter 7 bankruptcy is determined by a means test.

Next, after a bankruptcy petition is filed by the attorney, the Arizona Bankruptcy Court appoints a trustee to oversee the case. Documentation and paperwork is collected and filed, then a 341 hearing (Meeting of Creditors) is scheduled. If the trustee and bankruptcy court approve the process, a discharge is granted.

Filing for Chapter 7 or Chapter 13 bankruptcy in Phoenix will almost certainly have a negative impact on your credit initially. In many cases, clients who are in need of debt relief already have a low credit score or credit in need of repair due to significant financial stress.

However, our Phoenix bankruptcy lawyers will explain the implications of credit score as it pertains to your bankruptcy case. Also, our PHX legal team will give you the necessary debt relief information in order to immediately begin repairing your credit. Plus, our Phoenix based debt firm doesn’t end legal representation with the bankruptcy discharge. Whereas, we offer our clients a program as part of the bankruptcy process which allows them, in the long term, to have a solid foundation for rebuilding credit and achieving future financial goals.

Answer:  Our Phoenix Bankruptcy Attorneys are the debt relief team you trust when filing bankruptcy in Phoenix, Arizona.  Plus, we offer years of experience. Also, thousands of successfully filed Phoenix bankruptcies, both chapter 7 bankruptcies and chapter 13 bankruptcies.  Plus, our Zero Down Bankruptcy option, Free Bankruptcy Consultations, and Emergency Bankruptcy Filings male our Phoenix Debt Relief Team the best choice when seeking the best choice in bankruptcy.

Answer:  Chapter 13 is a bankruptcy of reorganization. 

Whereas, a chapter 7 is a liquidation bankruptcy.  Ch 13 BK is filed for various reasons such as failure to pass the Arizona Bankruptcy Means Test, greater protection of assets, and better protection of foreclosure.  A Phoenix Chapter 13 Bankruptcy allows the debtor to “reorganize” their debt.  In a Chapter 13 repayment plan, the debtor pays back what is owed over a period of 3 to 5 years.

In an Arizona chapter 13 bankruptcy you can repay on your debts.  However, the repayment plan is at an amount you can afford based on your budget.  Your Phoenix Chapter 13 Bankruptcy Lawyer assists you by figuring a Ch 13 payment plan you can afford. Additionally, if you do not qualify for a Chapter 7 bankruptcy, you can still protect yourself under bankruptcy using a Chapter 13.

A Chapter 13 Bankruptcy in Arizona stays on your credit report for 7 years.

Answer:  The most efficient way to stop wages that are being garnished is declare bankruptcy.  Thus, filing a Chapter 7 or Chapter 13 bankruptcy in Phoenix, Arizona will stop wage garnishment.  Once bankruptcy is filed, an “Automatic Stay” goes into affect which prohibits creditors from proceeding with collection actions.

Contact My AZ Lawyers, PLLC if you are facing a wage garnishment or other collection actions from creditors.

Filing Bankruptcy to STOP a Wage Garnishment Triggers an Automatic Stay.

When declaring bankruptcy in Phoenix, both Chapter 7 bankruptcy and Chapter 13 bankruptcy, put an “automatic stay” on the actions of creditors.  The Automatic Stay allows the debtors time to get their finances back on track.   By stopping a garnishment of their wages, the debtor then has a full paycheck to work with as they reorganize their debt.