Bankruptcy Overview

Professional Chapter 7 and Chapter 13 Litigators

Due to the current economic conditions in the United States, more and more people are considering filing for consumer bankruptcy.  Bankruptcy is an option that allows people to prevent wage garnishment, stop foreclosure on their homes, end creditor harassment and eliminate debt.  By choosing to file for bankruptcy, people find that they are able to pro-actively deal with their debt, which enables them to have a clean slate in the future.

Chapter 7 & Chapter 13
There are two different types of bankruptcy that consumers can file for in the U.S.:  Chapter 7 and Chapter 13.  Chapter 7 is usually ideal for people that would like to have their debts discharged in a short amount of time.  It is also ideal for people who are not earning steady income or who are unemployed.  Chapter 13 is an alternative for people that have steady income, but who need time to repay their debts to creditors.  People who file for Chapter 13 do not discharge their debt.  Instead, they repay it over the course of 3 to 5 years.

Filing for Bankruptcy in Arizona
In order for people to file for bankruptcy, they will need to complete credit counseling, meet residency requirements and also take a means test.  They will then need to submit bankruptcy petitions to an Arizona bankruptcy court along with other legal paperwork.  The bankruptcy process is relatively short for most people and will last between 4 and 6 months.  However, even though the process is not that lengthy, people should still obtain representation from an experienced bankruptcy lawyer as a litigator can tell people about pre-bankruptcy proceedings, assist with paperwork and provide general counsel.

Arizona Bankruptcy Lawyers
If you are having a difficult time keeping up with your financial obligations, now is the perfect time to review your options with an experienced Arizona bankruptcy lawyer, like the lawyers at The Arizona Bankruptcy Law Firm, Inc.

The Arizona Bankruptcy Law Firm, Inc. is committed to helping individuals throughout the state of Arizona file for Chapter 7 and Chapter 13 so they can get out of debt quickly.