When You’re in Need. We’re Here.
Have you found yourself in Chapter 7 or 13?
WINNING – IT’S WHAT WE DO
PHOENIX BANKRUPTCY LAWYERS
HELPING CLIENTS ACHIEVE FINANCIAL RECOVERY WITH DIGNITY
Contemplating bankruptcy can be scary, especially when you aren’t sure what to expect. It can seem as if the bankruptcy process is shrouded in mystery. Most people do hear much about bankruptcy aside from the occasional news report covering the bankruptcy filing of a large corporation or a celebrity filling for legal protection to reorganize their debt. So, what does it all mean, and how do you know if you’re headed for a similar fate? If your income is no longer keeping pace with your debts, bankruptcy may be an option you should consider. Large debts, like surprise medical expenses or missed mortgage payments, can send your financial health into a downward spiral.
In many instances, bankruptcy:
Provides consumers with reduced or total debt elimination
Offers protections to allow debtors to stay in their homes
Creates an avenue for paying creditors on better payment terms
If those benefits sound amazing, you should be aware they come with some very painful consequences. Bankruptcy will stay on your record for seven to ten years, depending on how you file. A bankruptcy on your record can mean fewer job options, difficulties seeking new credit, and other financial hardships. It’s important to review your options and meet with our Phoenix bankruptcy lawyers to ensure you have all the information you need to make an informed choice.
To schedule a consultation with our Phoenix bankruptcy lawyers, call Folger Law Firm (602) 774-0033 or contact us online for help right now!
WHAT IS BANKRUPTCY?
Before choosing bankruptcy, it’s important to know what it entails. Bankruptcy is a process established by federal laws and provisions. When businesses and individuals have debts that they’re incapable of raising funds to cover, bankruptcy is used to provide debt relief and organization. Bankruptcy cases can be filed in any of the 94 federal judicial districts, and it’s important to remember that these cases cannot start in state court because federal courts have jurisdiction over bankruptcy cases.
Bankruptcy protections are available for individual consumers and business entities. The laws for both individuals and businesses can be found in chapters 7, 11, and 13 of the federal bankruptcy code. Bankruptcy law is written to provide debtors with a financial “do-over” by reorganizing, reducing, or relieving debt payments. The outcome of a bankruptcy filing will depend on how the case is filed. While some instances allow consumers to reorganize their debts, others may require payment via asset liquidation.
CONSUMER BANKRUPTCY: CHAPTER 7 & CHAPTER 13
Chapter 7 consumer bankruptcy protection allows debtors to discharge certain debts after asset liquidation managed by a court-appointed trustee. The court trustee will advise the liquidation of most nonexempt property. To qualify for Chapter 7 bankruptcy, a consumer must not have assets or income exceeding the regulated limit.
Child Support
Alimony
Student Loans
Specific Tax Debt
HOA Fees
Court Fees & Penalties
DUI/DWI Personal injury Judgements
Hidden Unsecured Debts
Enough Income to Meet Payment Plan
Meet the Maximum Debt Limits
FILING FOR BANKRUPTCY IN PHOENIX, ARIZONA
In Arizona, filing for bankruptcy can be complicated if you haven’t consulted with a Phoenix bankruptcy attorney. Legal counseling can help you avoid pitfalls and filing errors.
Paperwork:
Financial Counseling:
Complete Bankruptcy Forms:
File Your Request:
Contact Your Trustee:
341 Meeting:
All Assets
All Liabilities
All Income Sources
Name & Address of Creditors
Total Debt Owed to Creditors
Lawsuits
Wage Garnishments
Collection Calls
20+ YEARS OF EXPERIENCE AT WORK ON YOUR BEHALF
At Folger Law Firm, we are dedicated to client services and personal attention. Bankruptcy is a stressful experience, and it’s easy to become saddened or disheartened about the situation you find yourself in now. We realize how hard the process can be for our clients, which is why we provide step-by-step legal assistance and all the guidance needed to get to the other side of the bankruptcy process. Our Phoenix bankruptcy lawyers represent consumers in your Chapter 7 and 13 bankruptcies.
To schedule a consultation, call the Phoenix bankruptcy attorneys from Folger Law Firm at (602) 774-0033. You can also contact us online for help right now
The Opinions That Matter Most
We Strive to help our community, friends & Family
We Take Your Personal Injury Case, Personally.
What Sets Us Apart?
20+ Years of Legal Experience
We understand how insurance companies and huge enterprises try to avoid liability. We aren’t hesitant to go toe-to-toe with big corporations in order to ensure that our clients receive the compensation they deserve.
Personalized Attention & Carefully Curated Legal Plans
Benefit from hiring an attorney that used to represent the insurance companies to fight for You. Injuries suffered in an accident affect not only the person injured, but also their family.
Experienced & Aggressive Representation
Our firm provides experienced and aggressive representation to obtain the compensation our clients deserve.
Step-By-Step Legal Guidance
The Folger Law Firm works closely with its clients, guiding them step-by-step through the entire claim process, reducing the stress on our clients and their families.