Bankruptcy Attorneys in Scottsdale
Let Compassionate Counsel in Phoenix & the Surrounding Areas Find a Resolution to Your Overwhelming Debt
Are you hesitant to open up your credit card bill? Behind on mortgage payments? If you're uncomfortable with your current financial situation, it's time to find a solution. Debt relief is right around the corner when you work with Compassionate Counsel. Wherever you live in Arizona, including Scottsdale, Phoenix, Mesa, Tempe, and Chandler, we'll be by your side when you need us.
Understand Your Bankruptcy Law Options
For individuals, there are two main routes to take for filing bankruptcy. Each option can work well for a certain individual; it all depends on the situation they're in. Trust that Compassionate Counsel will help determine the best bankruptcy route for your financial problems.
For years, we at Compassionate Counsel have provided comprehensive debt relief services. From debt settlements and negotiations to Chapter 7 bankruptcy, our team of experienced lawyers will help you through whatever process works best for your situation.
How Often Can You File Bankruptcy in Arizona?
In Arizona, there are timelines for filing for bankruptcy multiple times. This applies to both Chapter 7 and Chapter 13 bankruptcies.
If you have completed a Chapter 7 bankruptcy you can not file for another 8 years. If you have already completed a Chapter 13 bankruptcy case, you may not file a Chapter 7 case for 6 years. A Chapter 7 bankruptcy is an option where all of the filer's debts are erased, while a Chapter 13 bankruptcy is when the filer agrees to a repayment plan with their creditors over 3-5 years. It is wise to speak with an experienced attorney who can advise you on the best course of action and explain the potential long-term implications of filing.
Chapter 7 Is a Liquidation Plan
Generally, all your assets — including your home — will be exempt from the process. The result of a successful Chapter 7 bankruptcy is the elimination of most or all of your debts, including your credit cards, medical bills, and payday loans. A brief (and free!) consult with us at Compassionate Counsel can determine whether you qualify for this type of fresh start.
“The definition of compassionate counsel”- Fabio Encomendaro