Filing Bankruptcy in Arizona


by Max Gunderson

Filing Chapter 7 bankruptcy or Chapter 13 bankruptcy can give you a fresh start by erasing much of your debt (under a Chapter 7 liquidation) or by giving you the breathing room to pay off your debts over three to five years (under a Chapter 13 repayment plan).  However, declaring bankruptcy is not always the best solution for every person or every situation.

If you are facing overwhelming debt problems, the Phoenix and Tucson, Arizona bankruptcy lawyers at The My AZ Lawyers understand that each financial situation is unique and we will work individually with every potential client. Each of our Arizona bankruptcy attorneys is an experienced Phoenix and Tucson, bankruptcy lawyer who has an extensive understanding of the current Bankruptcy Code, as well as possible alternatives to filing for bankruptcy.

Whether or not one files for bankruptcy protection is very subjective and when considering filing for bankruptcy, you should There’s no magic equation or formula that can tell you for certain when you should declare bankruptcy. Every person’s situation is different and the decision to file a Chapter 7 or Chapter 13 bankruptcy should not be rushed, but should be made after careful research and deliberation.

It’s important to weigh the benefits and consequences before declaring bankruptcy. Consulting with a legal professional in Phoenix and Tucson could help you do this. While bankruptcy can help some people wipe away excessive debts, for others it might not provide the fresh start they might expect. Your regional Phoenix and Tucson area bankruptcy lawyer can help determine if filing for bankruptcy in Arizona is the right choice for you and your family.

Should you file for bankruptcy?

That is a complex question that is not easily answered. Only you and a competent Arizona bankruptcy lawyer can answer that question together as you both examine your assets, liabilities, and future earning power. Filing for bankruptcy in Phoenix, Arizona or Tucson, AZ does have its pros and cons.  Those pros and cons are things that should be discussed with your bankruptcy lawyer as you determine your next move.

NOTE: Realize that the consequences of declaring bankruptcy are severe and long term. Filing for personal bankruptcy, (be it a Chapter 7 bankruptcy or Chapter 13 bankruptcy filing) should be a last resort and should not be a decision made in haste. Find a competent financial expert, it the lawyers at the My AZ Lawyers’s regional Tucson or Phoenix locations or a qualified attorney in your region. Work with legal council to look at your financial situation and determine if filing for bankruptcy is the best solution for you.  Many bankruptcy attorneys in Phoenix and Tucson, Arizona offer a FREE Debt Evaluation in order to determine what is the best solution for your current financial problems.

We understand that a financial crisis can happen to anyone and, when it does, life can become frightening and complicated. Our bankruptcy lawyers in Phoenix and Tucson understand the impact that a financial crisis can have on you and your family, we strive to make the transition during this time as simple and painless as possible. Declaring bankruptcy is a legal procedure that offers a fresh start for people who can’t satisfy their debts. Individuals who follow the bankruptcy rules receive a discharge of what they owe by way of a court order that says they do not have to repay certain debts. That said many people who could benefit from filing bankruptcy put it off for too long as they struggle to pay impossible debts.

If you would like to have a FREE Debt Evaluation or a FREE Initial Consultation to determine what is the best option for your current financial situation, do not hesitate to call our office and set up an appointment to meet with one of our trusted Arizona bankruptcy lawyers.  At The My AZ Lawyers, your initial consultation is FREE and we will happily meet with you in one of our area offices, or, if you choose, we can do a FREE Consultation by phone.  Try our Bankruptcy by Phone!  Get started now, you deserve a Fresh Start!  Contact our Arizona Bankruptcy Lawyers.

The My AZ Lawyers in Phoenix, Arizona (AZ), provides debt relief to communities throughout Arizona, including, but not limited to, Mesa, Scottsdale, Tempe, North Phoenix, Avondale, Peoria, Glendale, Chandler, Gilbert, Casa Grande, Prescott, Yuma, Tucson, Flagstaff, Anthem, Queen Creek, Maricopa County, Yavapai county, Coconino County, Pinal county, and Pima county. Phoenix Bankruptcy Attorney, Tucson Bankruptcy Attorney, Mesa Bankruptcy Attorney.