Bankruptcy Attorney and Chapter 7 & 13 Lawyer in Peoria, AZ

We are a bankruptcy law firm serving Peoria, AZ and surrounding areas.

Managing financial issues may be quite stressful. You could think there is no way out and that you are in over your head.

When unforeseen financial circumstances do occur, declaring bankruptcy could be an effective solution. You should first consider the benefits and drawbacks of your choice with the help of a Peoria, AZ bankruptcy attorney.

We at Perez Law Group, PLLC are aware that anyone might experience it. Poor luck, an unexpected job loss, sickness, or divorce can happen to good individuals who have every intention of paying their expenses. It may be quite stressful to deal with rising debt and unwanted phone calls from creditors.

You don’t have to handle this on your alone. The bankruptcy procedure can be difficult. You should consult with an Arizona bankruptcy attorney with experience and knowledge of US bankruptcy law before making any choices. You will be treated with respect by the legal professionals at Perez Law Group, PLLC. We’ll go through your circumstances and explain how making this important choice will affect your life.

Get a Fresh Start Today

Set up a consultation with an experienced bankruptcy attorney in Peoria, AZ.
Contact Perez Law Group, PLLC at (602) 730-7100.

What Is Bankruptcy?

The bankruptcy laws were developed to provide individuals like you with the chance for a fresh start by either arranging a repayment plan or selling assets to pay off their obligations (Chapter 7 Bankruptcy) (Chapter 13 Bankruptcy). In any case, bankruptcy helps debtors by relieving them partially or entirely of unmanageable debt.

There are several considerations to take into account when deciding whether to file for bankruptcy, which may be a tough decision. While some people are concerned about how filing for bankruptcy may affect their credit score, others are worried about the expense and inconvenience involved. The choice of whether or not to file for bankruptcy ultimately relies on each person’s particular financial position.

Your debts could be discharged (Chapter 7) or you might have to submit a plan to a US bankruptcy court outlining how your creditors will be paid, depending on the form of bankruptcy you declare (Chapter 13).

What Can a Bankruptcy Lawyer Do For Me?

If your bills are getting out of control, you might be considering bankruptcy as a possible option. Although bankruptcy may be a useful tool for certain borrowers, it is not appropriate for everyone. Here is an overview of what bankruptcy can and cannot do.

You can eliminate your debt via bankruptcy. A stay of execution is imposed automatically when you apply for bankruptcy. This implies that your creditors must stop contacting you through phone, mail, or in person in order to collect your debt. This may allow you to take a much-needed break from your bills and start over.

You can also discharge part of your debts through bankruptcy. Most of the time, just a fraction of your unsecured obligations, such credit card balances and medical expenses, will need to be repaid. Most of your unsecured obligations will be discharged in Chapter 7 bankruptcy, however Chapter 13 bankruptcy would force you to repay a part of them over time. The process of declaring bankruptcy is one that need the counsel of an accomplished lawyer due to its complexity.

What Happens When You File For Bankruptcy?

The first thing that takes place once you file for bankruptcy is the implementation of an automatic stay. As a result, it is against the law for your creditors to pursue any sort of collection action against you. Foreclosure, repossession, and wage garnishment are examples of this. Till your bankruptcy case is concluded, the automatic stay will be in effect.

The next step is to finish a required credit counseling course. Before you file for bankruptcy, you have 180 days to finish this course. It must to come from a credit counseling organization that the United States trustee has recognized. On the U.S. Trustee website, you may discover a list of approved credit counseling organizations. You must submit a certificate of completion to the court when you have finished the course.

You must next go to a meeting with creditors when your credit counseling is over. A 341 hearing is another name for this gathering. Your creditors will have the chance to interrogate you about your bankruptcy case during this hearing. Any papers or information that they seek must also be provided.

After the conclusion of the creditors’ conference, your bankruptcy case will be dismissed. Thus, you will no longer be held legally liable for your obligations and they will be eliminated. It’s crucial to remember that not all debts are forgiven in bankruptcy, though. Student debts, alimony, and other obligations cannot be dismissed in bankruptcy.

Bankruptcy Can Help You:

  • Avoid Foreclosure
  • Stop The Harassing Phone Calls From Creditors
  • Eliminate or Reduce Credit Card Debt
  • Stop Creditor Lawsuits
  • Eliminate Medical Debt
  • Rebuild Your Credit
  • Get a Fresh Start Without Losing Your Home, Autos, Retirement or Self-Respect
  • Stop Worrying and Finally Start Living Again

How To Find a Bankruptcy Lawyer Near Me

Having the appropriate legal representation on your side is crucial if you are thinking about filing for bankruptcy. Making sure you have a skilled and qualified bankruptcy attorney on your side can help you get through what can be a complicated and difficult procedure.

To locate a bankruptcy attorney in Peoria, AZ, you must first investigate your possibilities. Look for attorneys with Arizona bankruptcy expertise, and check internet reviews to learn more about what other people have to say about their services.

Schedule consultations with each of the lawyers on your shortlist after you have reduced your selections. You will have the chance to do so, learn more about their background and areas of specialization, and assess whether they are a good fit for your requirements.

You can handle the bankruptcy procedure with confidence if you have the appropriate Arizona bankruptcy lawyer on your side.

Get a Fresh Start Today

Set up a consultation with an experienced bankruptcy attorney in Peoria, AZ.
Contact Perez Law Group, PLLC at (602) 730-7100.