Tucson bankruptcy lawyers can provide you with information on Arizona law.
Our sponsoring Tucson bankruptcy lawyers know how federal and state bankruptcy law can benefit you. They can provide information about how state regulated exemptions work for each individual case. While Arizona is considered to have liberal exemptions, you may need an experienced Tucson bankruptcy lawyer to ensure that the best approach for you is used in your petition to the court.
Here are just a few examples of Arizona exemptions:
- Homestead: Tucson bankruptcy lawyers may be able to protect most of the equity of your home - even if it is a mobile home.
- Wages: most of your weekly, disposable earnings may be exempt.
- Automobiles: Tucson bankruptcy lawyers might be able to use state law to exempt a generous portion of the value of one vehicle. This is more if you are physically disabled.
- Other Property: In addition, Tucson bankruptcy lawyers may be able to help you protect up to a sizeable amount of the value of household furniture, furnishing and appliances as well as for clothing.
|
Tucson
177 N. Church Ave. Tucson, AZ 85701 Map | Directions | Case Evaluation |
||
|
||
» Back to Locations Map |
||
What are the advantages of filing?
The most important advantage is that debtors might obtain a fresh financial start. Consumers who file for Chapter 7 bankruptcy may be forgiven (discharged from) most of their unsecured debts. A secured debt is one in which the creditor is entitled to collect by seizing and selling certain assets of the debtor if payments are missed, such as a home mortgage or car loan. With those two major exceptions, most consumer debts are unsecured. You may be able to keep (that is, exempt) many of your assets, although state laws vary widely in defining which assets you may keep.
As soon as your petition is filed, you may be entitled to an automatic stay, which prohibits most collection activity. If a creditor continues to try to collect the debt, the creditor may be cited for contempt of court or ordered to pay damages.
Click Here For a Free Bankruptcy Evaluation
Total Bankruptcy was designed to help people like you educate themselves about their options. In addition to finding in-depth materials on Chapter 7 bankruptcy and Chapter 13 bankruptcy filings, you can also call (877) 349-1309 to talk to an attorney for a free consultation. Or you can simply fill out our secure online evaluation form to set up a consultation at a time convenient for you.