Top Phoenix, AZ Chapter 11 Bankruptcy Lawyers Near You
2415 E Camelback Rd, Suite 700, Phoenix, AZ 85016
8111 E. Indian Bend Road, Scottsdale, AZ 85250
80 N McClintock Dr, Suite 1, Chandler, AZ 85226
2415 E. Camelback Road, Suite 500, Phoenix, AZ 85016
1850 North Central Avenue, Suite 1400, Phoenix, AZ 85004
202 E. Earll Dr., Suite 440, Phoenix, AZ 85012
2394 East Camelback Road, Suite 600, Phoenix, AZ 85016-3429
714 East Rose Lane, Phoenix, AZ 85014
5622 West Glendale Avenue, Glendale, AZ 85301
222 S. Mill Ave, Suite 800, Tempe, AZ 85281
8585 East Hartford Drive, Suite 700, Scottsdale, AZ 85255
One East Washington Street, Suite 2400, Phoenix, AZ 85004
2231 E Camelback Rd, Suite 200, Phoenix, AZ 85016
8800 East Raintree Drive, Suite 100, Scottsdale, AZ 85260
2375 East Camelback Rd, Suite 600, Phoenix, AZ 85016
1820 East Ray Road, Chandler, AZ 85225
2432 W. Peoria Ave., Suite 1284 Bldg 18, Phoenix, AZ 85029
2325 E Camelback Rd, Suite 700, Phoenix, AZ 85016
1731 West Baseline Rd. Suite #101, Mesa, AZ 85202
7135 E Camelback Rd, Suite F240, Scottsdale, AZ 85251
2999 N. 44th St, Suite 625, Phoenix, AZ 85018
7227 N. 16th Street, Suite 124, Phoenix, AZ 85020
4343 N Scottsdale Rd, Suite 150, Scottsdale, AZ 85251
2 N Central Ave, Suite 2200, Phoenix, AZ 85004
6803 East Main Street, Suite 1116, Scottsdale, AZ 85251
Phoenix Chapter 11 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.