If you’ve been struggling to make ends meet, it may be time to file for bankruptcy. But before you make the leap, consult a bankruptcy attorney in Phoenix, AZ for guidance. There are several types of bankruptcy, and it’s important to know what type would be best for your situation.
Chapter 7 is often the most commonly filed form of bankruptcy. Typically, it takes less paperwork than other forms and is completed in a matter of months. However, not everyone can file for this type of bankruptcy, as it is typically used by businesses and individuals.
In addition to allowing you to wipe out your unsecured debt, filing for bankruptcy can also help you get a fresh start. For instance, the IRS will no longer be able to collect on taxes that you no longer owe. Additionally, you may be able to keep your property.
The right Phoenix BK Lawyer can help you figure out if you’re eligible to file, and if so, what sort of bankruptcy you’ll need to file. You may be surprised to learn that there are exemptions to protect your assets. Specifically, you can claim a home exemption for yourself and your spouse, as long as you don’t eschew a mortgage for your new home.
Another awe-inspiring fact about filing for bankruptcy is that you don’t have to be a millionaire to qualify. Most people who file for chapter 7 can keep their home. They may also be able to keep their car.
Even though it’s not the newest or the most expensive option, filing for bankruptcy is one of the best ways to get a financial kickstart. Not only can you begin rebuilding your credit and paying off your debts, but you will also be able to reclaim your freedom.
A Phoenix bankruptcy lawyer can explain the benefits of filing for chapter 7 as well as answer any questions you have about filing. Moreover, a Phoenix bankruptcy attorney can help you fight back against the IRS. Having an expert at your side will not only make the process smoother, but it will also ensure that you receive all of the information you need to avoid penalties.
Almost everyone experiences financial challenges at some point in their lives. This could be because of an unexpected illness or loss of employment. Regardless of the cause, if you’re facing unmanageable credit card or medical bills, it’s time to consider filing for bankruptcy.
Getting out of debt is not always easy, but it’s a worthwhile endeavor. With a solid financial foundation and the help of an experienced Phoenix bankruptcy lawyer, you can reclaim your financial freedom and set yourself on a path to financial success.
When you need help filing for bankruptcy in Phoenix, there are plenty of attorneys to choose from. Contact a top-rated local firm today. These professionals are familiar with all of the bankruptcy filing complexities, and they can explain everything you need to know.
Whether you need to file for bankruptcy or just want to learn more about the process, hiring a Phoenix bankruptcy attorney is the best way to get the help you need.