Learn about a Possible Financial Fresh Start from an Arizona Bankruptcy Attorney
Don't keep struggling against a mountain of bills that you just can't seem to pay off, no matter how hard you try. Instead, take an active step toward financial freedom by speaking with an Arizona bankruptcy attorney. A local bankruptcy attorney knows the new bankruptcy laws, and can explain your legal rights and options.
You don't need to waste time stressing about the collectors who keep calling or the possibility of losing your home or your car. You can take positive action, gather current and complete information, and look for a solution to your financial concerns that works for you. Get started now with a consultation from an Arizona bankruptcy attorney.
Learn about Chapter 7 Bankruptcy and Chapter 13 Bankruptcy Protections from an Arizona Bankruptcy Attorney
"Bankruptcy" is a well-known term, but it is not always well understood. The term actually refers to two different processes, known as Chapter 7 bankruptcy and Chapter 13 bankruptcy. Each type of bankruptcy offers a different set of protections to consumers with different financial problems. Your Arizona bankruptcy attorney knows that Chapter 7 bankruptcy offers the opportunity to discharge certain unsecured debts—often including credit card debt, medical bills, old utility bills, etc. In a Chapter 7 case, the trustee is also allowed to liquidate (sell) some of the debtor's non-exempt assets in order to pay creditors some of what they are owed. This doesn't happen in most Chapter 7 bankruptcy cases, though, because most Chapter 7 bankruptcy petitioners don't have any non-exempt assets.
Chapter 13 bankruptcy is another option that allows petitioners to work their way out from under their debts with a custom repayment plan designed to fit their incomes and living expenses. Ask an Arizona bankruptcy attorney if your plan could involve lowering your interest rates or canceling late charges so that your regular payments can impact your balances more significantly. Many people with regular incomes who simply couldn't keep up with their payments because of sudden emergency expenses or high interest rates have found Chapter 13 bankruptcy to be an option.
Learn what You Need to Know Free of Charge from an Arizona Bankruptcy Attorney
By consulting with an Arizona bankruptcy attorney, you can learn what you need to know to decide how to best tackle your finances. You will in no way be committing to any particular course of action. At Total Bankruptcy, we know that information is what you need to avoid acting on impulse or out of desperation. To that end, we have put many valuable resources and articles about Chapter 7 bankruptcy and Chapter 13 bankruptcy on our web site. You can read through these to learn things like which debts can and cannot be discharged, which assets can and cannot be exempt, and how options like the automatic stay can give you breathing room to bring your finances under control.
Our site also provides you with a convenient way to arrange a free consultation with an Arizona bankruptcy attorney in your area. Use our free bankruptcy case evaluation form or our toll free number at 1 (877) 349-1309 to provide us with your information, and we'll contact you to arrange your consultation. Ask your Arizona bankruptcy attorney the questions you need answered and take the first steps toward a more hopeful financial future.