by Max Gunderson

If you are considering filing for bankruptcy in Arizona, 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 13 or Chapter 7 bankruptcy is often merely a step in the right direction to your financial freedom.

Every individual has their own unique financial situation.  A bankruptcy law firm in Arizona can help you figure out which type of bankruptcy is most suited for your particular financial situation.  For 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 local bankruptcy lawyer, set up a free initial consultation and get some of your questions answered.

There are some financial problems that filing for bankruptcy can not 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 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 many cases, may actually improve your current credit situation. If nothing else, through 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 an attorney, do decide to file for bankruptcy protection, 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.  If you try to hide money, or transfer it somewhere, put assets into somebody elses 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?

Filing for bankruptcy is a process and like most things there are established rules and guidelines to bankruptcy filing that you have to follow.  Remember that bankruptcy lawyers these days are hungry for your business.  Find an established bankruptcy lawyer in Arizona that you are comfortable with and let him guide you through your bankruptcy.  Contact an experienced bankruptcy attorney in Arizona.

For more information about filing for Chapter 7 bankruptcy, Chapter 13 bankruptcy filing, bankruptcy planning or filing for bankruptcy, contact one of our bankruptcy lawyers and speak to any of our experienced attorneys in Phoenix, Chandler, Tucson, Glendale, Mesa, Flagstaff or anywhere in Arizona. Contact one of our regional offices.  It’s time for a fresh start.