You Are Completely in Debt, Now What?

Decide If Bankruptcy is The Right Choice!

CALL US! 800-517-4652

Saving Your Assets: How Your Phoenix Bankruptcy Attorney Can Help

Fill Out The Form or Call Us Today! 800-517-4652

FREE Bankruptcy Consultation!

Your First Step Starts Here!

Get the HELP You Need to Make the Best Decision.

Lets Get Started By Filling Out The Form Belov:

We Look Forward To Servicing You.

Connect With Your Local Bankruptcy Attorney Today!

Trusted By Thousands of Customers Since 2012!

Saving Your Assets: How Your Phoenix Bankruptcy Attorney Can Help

Like many Phoenix area homeowners and business owners, at some point in time you may find yourself struggling under the burden of debt. Illness, disability, loss of employment, economic downturns and a variety of other reasons can result in being unable to keep your head above water financially. When you are overwhelmed with bills and lack of resources, filing for bankruptcy may be the helping hand you need to get back on your feet again.

Filing for bankruptcy is the admission of failure, as many people may think. Hiring the best bankruptcy attorney in Phoenix has to offer could mean the difference between staying in your home or losing it, and staying in business or putting up a for sale sign. Bankruptcy doesn't have to end with a tarnished credit rating, either. If you prepare properly with the assistance of a lawyer, bankruptcy could be the perfect solution to your financial situation

If you file for bankruptcy, it does not mean that you will automatically lose all your assets, including your home or vehicle. In fact, when you work with a bankruptcy attorney in Phoenix area residents trust, you'ÂÂll be reassured that bankruptcy law can actually offer various alternatives to turning over your assets. Chapter 7 and Chapter 13 bankruptcies both provide asset protection. If you are able to claim an exemption on an asset you won't have to worry about it being lost during your bankruptcy proceedings. For example, there are some exemptions that will protect a specific type of property, like your vehicle. Those exemptions may cover the value of an asset in its entirety or only a specific portion of the value.

The type of laws a bankruptcy attorney in Phoenix, residents hire will be working with are different from many other states, such as California, deal with. Finding a local attorney will help you navigate complicated laws specific to Arizona. Depending on the type of bankruptcy you file, you may be able to keep some types of property.

Keeping Assets Under Chapter 7 and Chapter 13

With a Chapter 7 bankruptcy, your assets are generally sold off to pay back your creditors. However, your lawyer will work with you to determine with, if any assets that are exempt can be protected. During a Chapter 13 bankruptcy proceeding, you typically are allowed to retain any property that is paid for under your reorganization plan. Your lawyer will help you determine which assets to include in your reorganization and repayment plan, to assist you in setting manageable repayment to the trustee.

Click Here

Or, Call The Number Below..