Will Filing For Bankruptcy Solve My Financial Problems?

If you are considering declaring bankruptcy in Phoenix, remember two things: 1. it’s true that filing for bankruptcy is nothing to enter into lightly. 2. Filing for bankruptcy may not fix all of your financial problems.  Filing for Chapter 7 or Chapter 13 bankruptcy in Phoenix, Arizona is often merely a step in the right direction to your financial freedom.

Every individual has their own unique financial situation.  An affordable Phoenix Arizona bankruptcy law firm can help you figure out which type of bankruptcy is most suited for your particular financial situation.  For many Arizona bankruptcy attorneys, bankruptcy has become a cut throat business as many bankruptcy law firms are offering: free debt evaluations, free bankruptcy-by-phone, and almost all offer a free initial consultation.  Take advantage of the competition among law firms for your business.  Contact a Phoenix Arizona bankruptcy lawyer, set up a free initial consultation and get some of your questions answered.

There are some financial problems that filing for bankruptcy cannot fix. Filing for Chapter 7 or Chapter 13 bankruptcy protection won’t fix any underlying financial strains that could have contributed to you declaring bankruptcy in the first place. For example, if you don’t have enough income to cover your regular expenses, declaring bankruptcy won’t help you bring in the necessary additional income. Let an experienced Phoenix Arizona bankruptcy lawyer evaluate your situation and decide if the financial problems that you are facing are something that can be cured through bankruptcy.

Yes, filing for bankruptcy is a definite black mark on your credit.  However, it is important to remember that debt is a black mark in and of itself. Filing a Chapter 7 or Chapter 13 bankruptcy in Phoenix, Arizona, in many cases, may actually improve your current credit situation. If nothing else, through a Phoenix, Arizona bankruptcy, the aforementioned black mark will go away eventually. Whereas if you do not take steps to fix your debt now, you will be in trouble long into the future.

If you, after you have met with a bankruptcy attorney in Phoenix, AZ, do decide to file for bankruptcy protection in Arizona, make sure that you stop using your credit cards, be up front and honest about your finances, don’t play around with your money or credit. You’ll want to do as little spending as possible while you go through the process of filing for bankruptcy.  Don’t try to hide your money. If you try to hide money, or transfer it somewhere, put assets into another person’s name, etc… you may find yourself in legal troubles.  It’s always best to be honest.  Is money really worth more fines or jail time to you?

Many people are looking for an answer to their financial woes in Phoenix.  Consider seeking help from a financial attorney or bankruptcy attorney in Phoenix, AZ.  There are ample bankruptcy lawyers in Phoenix who offer a Free Debt Evaluation.  Take advantage of the words of wisdom from one of these professionals.  The initial consultation and the advice is free.  Find out what is the best option for you and your family.  Help is just a phone call away. Contact the My AZ Lawyers, PLLC, set up a free consultation and debt evaluation today.  Things are tough out there.  Get some help today!

2012-06-19T03:12:55+00:00 March 27th, 2011|Bankruptcy Blog|

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