Practice Areas

Bankruptcy

Chapters 7 and Chapter 13 of the Bankruptcy Code cover individual bankruptcies, and Chapter 11 covers business bankruptcy and reorganizations.  For individuals, it can be a difficult decision whether to file for Chapter 7 or Chapter 13.  Which is better depends largely on your particular situation, and having a Mesa or Phoenix bankruptcy lawyer who is highly experienced in dealing with cases that fall under both chapters is vital to helping you make the right decision.

Bankruptcy cases require extensive experience and meticulous attention to detail.  To prepare to file for bankruptcy, you need to provide your attorney with an extensive list of documents.  Additionally, you and your lawyer must examine the facts of your case and determine which, if any, exemptions apply to your case.  Arizona bankruptcy law provides for many possible exemptions, which can help protect some of your valuable property from creditors. 

Before deciding to file bankruptcy, it is important that you work with an experienced Phoenix or Mesa bankruptcy attorney to discuss all of your options.  In some cases, bankruptcy can be avoided altogether by loan modification and refinancing, working out payment plans with your creditors, or through entering an Arizona Consumer Credit Counseling or debt consolidation plan.  A lawyer who has a thorough understanding of bankruptcy law and the consequences of declaring bankruptcy, as well as the alternatives to bankruptcy, is best-equipped to help you.

Real Estate Forclosures

If you have been having a difficult time making your mortgage payments, the bank may initiate foreclosure proceedings.  Sometimes, the only way to avoid having your home repossessed is to file for bankruptcy protection. 

Truth in Lending Act

The Truth in Lending Act (TILA) is a federal law that is intended to protect consumers and homebuyers from deceptive and unfair loan practices.  TILA requires disclosure of costs and terms in a loan so that consumers can be aware of what they are getting themselves into; this also allows them to shop around and obtain the best financing deal. 

Contact us today!

If you are having trouble facing mounting debts, if you are having difficulty making your mortgage payments and the bank is trying to foreclose on you, or if you believe your mortgage terms might violate TILA, The Law Office of James Portman Webster can help.  Contact us today for a free initial consultation so that we can answer your questions and discuss your options.

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