Phoenix Bankruptcy Attorney Law Officemichael2020-06-05T00:26:26+00:00
Phoenix, Arizona Affordable Bankruptcy Law Firm
Attorneys Representing Debtors in Phoenix, Scottsdale and Surrounding Areas
Although most people intend to pay their debts, unforeseen circumstances can arise that render people unable to meet their financial obligations. However, sometimes there is a chance at a “Fresh Start” as a debtor may be able to seek relief via Chapter 7 or Chapter 13 bankruptcy. Therefore, if your financial liabilities exceed your assets and income, it may be the wise choice to speak with our Phoenix Bankruptcy Attorneys.
The Phoenix Debt relief lawyers at My Arizona Lawyers, PLLC have the skills and experience needed to assess your available options for seeking debt relief and to guide you through the process of filing for bankruptcy. With thousands of successfully filed Arizona bankruptcies, we are one of Arizona’s leading bankruptcy filers. Let our Team get you on the road to financial freedom.
If someone co-signs for your debts and you file bankruptcy, they will not be protected by your bankruptcy. Thus, the creditor can still seek collection against them. Therefore, if you co-signed for someone else, the creditor won’t repossess the asset and won’t be able to seek collection from you if the primary signer defaults.
Bankruptcies are a matter of public record, so if you file, it won’t exactly be a secret. However, only some interested parties will actually be notified of your bankruptcy. Therefore, your friends and family likely won’t know unless you tell them. However, interested parties include your spouse, cosigners, and your creditors. Also, your landlord doesn’t need to be notified unless you intend to break your lease.
Emergency bankruptcy filing allows you to file your petition in an expedited process so you can be protected by the Automatic Stay sooner. Although, the bankruptcy court will allow you to file an abbreviated version of your petition as long as you submit the rest of the petition within 2 weeks. This shorter version of your petition is also referred to as a “skeleton petition“.
If you are facing a wage or bank account garnishment, utility shutoff, home foreclosure, or vehicle repossession filing an emergency bankruptcy filing may be a good option for you. However, wage garnishments on current pay periods will be stopped once your petition is filed. However, this is because once you file a bankruptcy petition, an automatic stay of protection goes into effect. Thus, this stay prevents your creditors from pursuing collection using the methods listed above. Plus, the stay remains in effect until your case is discharged or dismissed.
Your current employer will not be notified about your bankruptcy unless your wages are being garnished. However, if that is the case, your employer already knows that you are struggling with debt. Therefore, to stop the garnishment, your payroll department will have to be provided with your case number. Otherwise, your current employer most likely won’t hear about your bankruptcy unless you inform them yourself. Potential employers may see your bankruptcy if they run a credit report as part of the hiring process.
For Chapter 7 Bankruptcy filers in Phoenix, the exemption limit for a motor vehicle in Arizona is $6,000. However, you should check with your Phoenix Bankruptcy Lawyer to estimate the true value of your car . Also, confirm with your attorney that you will be using Arizona exemptions when filing for chapter 7 bankruptcy.
For Chapter 13 Bankruptcy filers, the exemption limit doesn’t apply. Therefore, if you are behind on your car payments and fear repossession, filing a Chapter 13 Bankruptcy in Phoenix will spread your arrearages, along with the rest of the balance on your loan, and some other debts, over your payment plan. Also, your Chapter 13 payment plan lasts for 3-5 years. Additionally, the opinion of our Phoenix Bankruptcy Attorneys is that you should seek the assistance of an experienced debt relief lawyer if you are considering filing Ch 13 in Maricopa County, Phoenix, Arizona.
You can keep your home in a Phoenix Chapter 7 bankruptcy if it is below your state’s (Arizona’s) exemption amount. In Arizona, the homestead exemption is $150,000. Therefore, your home may be worth more than $150,000 as long as you don’t have more than that amount of equity in the home. Plus, if you are in a Phoenix Chapter 7 with more than $150,000 equity in your home, the bankruptcy trustee may order the sale of your home and contribute the excess amount to your bankruptcy creditors.
If you are behind on your mortgage payments and are worried about foreclosure, a Chapter 13 Bankruptcy may help you save your home. Whereas, this Chapter allows you to spread out the past-due balance of your mortgage over the life of your payment plan. A Chapter 13 Bankruptcy payment plan lasts 3-5 years. While your case is active, your creditors can’t repossess or foreclose your property. Therefore, a Ch 13 is a great Phoenix Debt Relief Option for people in Maricopa County who are looking to catch up on their mortgage and save their home from foreclosure.
Yes. All wage garnishments will be halted once your case is filed. Thus, you are protected by an automatic stay when you have an active bankruptcy. Also, Garnishments can only be stopped for pay periods that have not yet been completed.
Some debts can’t be discharged in a bankruptcy. Plus, if you are being garnished for one of these, such as child support, the garnishment will resume once your case is discharged or dismissed. Also, if your garnishment is a result of a dischargeable debt, such as credit cards, the garnishment will be permanently stopped once your case is discharged.
If you decide to keep a financed vehicle in your bankruptcy, making timely payments won’t rebuild your credit score. Also, your lender won’t be required to report positive payments after you have gone through a bankruptcy. Therefore, if you finance a new vehicle after your bankruptcy, however, that lender will be required to credit report. Thus, opening a new credit card and making payments on your balance will also help improve your score. So, if you aren’t able to obtain a new line of credit after your bankruptcy, you can open a secured credit card through your bank.
Our Phoenix Bankruptcy Law Office offers a $0 down payment plan option, meaning you can pay your Chapter 7 fees in affordable monthly payments. Plus, you can pay it after your case is filed. Additionally, our program credit reports your payments. Also, these reports for timely payments will help rebuild your credit. Thus, this is one of the ways that our Phoenix Bankruptcy Lawyers assist our clients to achieve credit after declaring bankruptcy. Lastly, while we aren’t the only law firm to offer $0 down bankruptcy, confirm with any attorney you speak to that your bankruptcy payments will be credit reported.
Zero Down Bankruptcy in Phoenix is a payment plan option our Phoenix attorneys provide. Plus, $0 Down Filings allow you to pay for both your bankruptcy court filing fee, and your legal representation. Also, this is all with fees paid after your bankruptcy petition is filed. Therefore, instead of paying your case in full; our Phoenix Debt Relief Firm allows you to get bankruptcy debt relief with no money down.
Our Phoenix bankruptcy team offers our $0 down bankruptcy program. Also, it has affordable payment plans that allow you to file for bankruptcy in Phoenix and get a fresh start while making modest monthly payments.
You get to decide what your payment plan looks like in a $0 Down Bankruptcy. Additionally, you will have one year after filing to pay off your balance at 0% interest. Thus, these payments can be done in weekly, bi-weekly, or monthly intervals. Plus, you can even choose which day of the month your payments are ran. Lastly, the first payment being within 30 days of your filing date.
Additionally, your payments are positively reported to the credit agencies. This reporting assist in re-building your credit. Plus, these positive reports to the credit agencies gives you a positive start by repairing your credit in your Life After Bankruptcy.
Yes– You can qualify for an Arizona Zero Down Bankruptcy regardless of your credit score. As a matter of fact, your credit score is not used when determining your eligibility for our $0 down program. Thus, we don’t use credit to determine $0 down eligibility since many people considering bankruptcy don’t have the best credit. Also, Bankruptcy is a tool to help rebuild your credit. Thus, bad credit shouldn’t be a barrier to filing for bankruptcy protection in Phoenix, Arizona.
A 341 Meeting is your creditors’ opportunity to show up and ask questions about your bankruptcy petition. Plus, the bankruptcy trustee will also ask you about your case. Additionally, our Phoenix Bankruptcy attorney will go through what questions are usually asked at a 341 Meeting and give you more details about the hearing. Lastly, our attorney will be with you every step of the way through the process of filing bankruptcy in Phoenix, Maricopa County, Arizona.
Our Bankruptcy lawyers in Phoenix are the best professionals to have on your side when facing foreclosure, wage garnishment, lawsuits or harassing creditors in Phoenix, Arizona. Filing the paperwork for chapter 7 bankruptcy and chapter 13 bankruptcy can be confusing. The bankruptcy petitions take time to complete and filing for bankruptcy requires a bankruptcy filing fee. Not everyone in Phoenix is eligible. Find out if you qualify, get the advice of a Phoenix bankruptcy lawyer before proceeding. Filing for bankruptcy without the help of an experienced Phoenix bankruptcy lawyer is possible but is not recommended.
Even though Phoenix, Arizona is home to seven Fortune 500 companies, the economy has been hard hit by a decline in the Phoenix housing market. Since 1986, the city of Phoenix has been divided into “urban villages”, many of which are based upon historically significant neighborhoods and communities in Phoenix that have since been annexed. The recession and economy decline has left several individuals in each of these villages in need of debt relief. An experienced Phoenix bankruptcy attorney can help get their life back on track.
The 15 urban villages in the city of Phoenix are:
Many people in Phoenix, Arizona think bankruptcy is bad or not the right choice for them, however, they have little information on exactly how it works and the benefits of bankruptcy. Bankruptcy is one of several options that people facing serious financial difficulties should consider. If you are faced with rising credit card and other debts you can no longer afford to pay because of a sudden job loss or unexpected medical emergencies you may qualify for chapter 7 bankruptcy, chapter 13 bankruptcy, or some other form of debt relief in Phoenix, AZ. If your business cannot keep up payments to your suppliers but you don’t want to close down or lay off your employees, you should consider bankruptcy.
Our Phoenix bankruptcy lawyers can help you with the following tasks:
Determining which debts are eligible for bankruptcy relief
Discovering what chapter of bankruptcy you qualify to file
Finding out which assets you can keep
Filling out bankruptcy paperwork and petitions
Talking to creditors
Bankruptcy protection in Phoenix, Arizona is designed to provide immediate relief to those whose debts are beyond their ability to pay. There are many Arizona and federal laws established to protect people like you from creditors and it is a legal means of effectively resolving debt problems and helping you turn your life around. Call our Phoenix bankruptcy law office today to learn more about chapter 13 bankruptcy, chapter 7 bankruptcy, and your options to finding a debt free future. Our firm is highly practiced in bankruptcy law and has already helped hundreds of families in Phoenix file for bankruptcy protection. Don’t delay in finding out more about the bankruptcy process with our free initial consultation. Bankruptcy is our business! We care about our clients and are here to help.
By retaining an affordable and experienced Phoenix, AZ Bankruptcy Attorney from The My AZ Lawyers, creditors will no longer be able to contact you and can turn to us for a response to their demands. By working carefully with you to develop a legal strategy you are comfortable with, our debt relief experts can begin to resolve your debt situation and get you back on firm financial footing.
Chapter 7 and Chapter 13 Bankruptcy in Phoenix
When considering filing for bankruptcy in Phoenix, you must first see if you qualify by taking the Arizona Means Test. An attorney at our firm can help you with this first step when assessing your financial situation in our FREE CASE EVALUATION. Next, an attorney will help you determine which kind of bankruptcy suits your financial needs: Chapter 7 Bankruptcy Protection or Chapter 13 Bankruptcy Protection.
Chapter 7 will eliminate most of all of an person’s debt. This type of bankruptcy is know as liquidation. Chapter 13 is a reorganization option. It allows a person to pay off most or all debt via a payment plan. This typically takes three to five years, and the plan is monitored by the federal bankruptcy court. There is no right solution for debt relief for everyone. If you are ready to begin the process of getting out of debt, contact our Phoenix Bankruptcy Law Firm. An experience attorney will discuss your needs, listen to your concerns, and get started immediately on a debt-relief plan for your specific case.