Top Tempe, AZ Business Bankruptcy Lawyers Near You
1850 N. Central Avenue, Suite 1700, Phoenix, AZ 85004
6225 N 24th St, Ste 125, Phoenix, AZ 85016
2425 East Camelback Road, Suite 1100, Phoenix, AZ 85016
8151 East Indian Bend Road, Suite 115, Scottsdale, AZ 85250
1138 N. Alma School Road, Suite 101, Mesa, AZ 85201
2555 E. Camelback Road, Suite 800, Phoenix, AZ 85016
2999 North 44th Street, Suite 500, Phoenix, AZ 85018
4250 North Drinkwater Boulevard, Fourth Floor, Scottsdale, AZ 85251
16427 N Scottsdale Rd, Suite 200, Scottsdale, AZ 85254
7144 E Stetson Dr, Suite 300, Scottsdale, AZ 85251
1934 E Camelback Rd, Ste 120-520, Phoenix, AZ 85016
51 W. 3rd St., Suite E 240, Tempe, AZ 85281
1 E Washington St, Suite 2700, Phoenix, AZ 85004
1850 N Central Ave, Suite 1100, Phoenix, AZ 85004
2929 North Central Avenue, Suite 2000, Phoenix, AZ 85012
3101 North Central Ave, Suite 1500, Phoenix, AZ 85012
1148 W Baseline Road, Suite 105, Mesa, AZ 85210
531 East Thomas Rd, Suite 200, Phoenix, AZ 85012
123 W. Chandler Heights Road, #11656, Chandler, AZ 85248-1028
2233 W Baseline Rd, Suite C-101, Tempe, AZ 85283
5343 N. 16th Street, Suite 140, Phoenix, AZ 85016
2250 E Germann Rd, Suite 11, Chandler, AZ 85286
4425 N 24th St, Suite 150, Phoenix, AZ 85016
1 East Washington Street, Suite 1200, Phoenix, AZ 85004
2415 E Camelback Rd, Suite 600, Phoenix, AZ 85016
Tempe Business Bankruptcy Information
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What Is Bankruptcy?
Bankruptcy is a legal process that allows people to get out from under debts that are causing serious financial harm. Through the bankruptcy process, you may be able to get rid of debts like medical bills, credit card bills, and other unsecured debts. Factors such as your income and whether you have assets that you can sell to pay off some of the debts are taken into account when filing for bankruptcy and will determine what happens.
What Happens When I File for Bankruptcy?
When you file for bankruptcy, you will be under a federal bankruptcy court’s supervision and protection. During this time, you, your lawyer, the court, and your creditors will work on a plan for discharging your eligible debts. Collectors will also be unable to repossess property and garnish your wages or bank accounts during this time.
How Much Does It Cost To File for Bankruptcy?
There is no easy answer to this question. The ultimate cost will be a mix of court filing fees and what you owe your attorney for guiding you through the process. What you owe will depend on how complicated your case is and whether there are any prolonged disputes with creditors. Most likely, however, the debt relief that comes with bankruptcy will outweigh any fees.
How Long Does Bankruptcy Stay on Your Credit Report?
A Chapter 7 bankruptcy filing will stay on your credit report for up to 10 years, while a Chapter 13 will remain for up to seven years. A bankruptcy filing will also harm your credit score. However, if you need to file for bankruptcy, it’s likely your score is not that high anyway, and your bankruptcy will give you a chance at a fresh start and time to rebuild your credit score.