Chapter 7 Bankruptcy in Phoenix and Mesa, Arizona
The current economy has damaged lives across the country. Unemployment and rising costs have pushed millions of individuals and companies into disastrous conditions and unmanageable levels of debt. Not surprisingly, the number of Chapter 7, Chapter 11, and Chapter 13 bankruptcies filed in this country is on the rise. If you are one of the millions overwhelmed with bills or facing foreclosure, bankruptcy may be the solution. Even with the revised bankruptcy laws in place it is not impossible to file. Speak to an experienced Mesa and Phoenix bankruptcy attorney at The Law Offices of James Portman Webster, PLLC to find out about your rights and available options.
Chapter 7 bankruptcy in Phoenix
Filing for Chapter 7 bankruptcy allows individuals to eliminate all unsecured debt and move forward on fresh financial footing. Individuals must liquidate assets in order to repay what is owed. However, you may hold on to items such as a home or car if you meet certain criteria and reaffirm a commitment to continue making payments. Even though you must now pass a means test in order to qualify for Chapter 7 bankruptcy in Phoenix, those who were previously eligible to file are most likely still eligible. If your income is above the state average and you do not qualify for Chapter 7 bankruptcy, you may file for Chapter 13 bankruptcy instead.
Contact us to discuss Chapter 7 bankruptcy today
If your debt feels insurmountable and you are unsure what to do, bankruptcy may help. Sometimes all it takes is one lost job or enormous medical expenses to start a downward financial spiral. Missed payments can lead to harassing phone calls and looming threats of foreclosure. Filing for bankruptcy puts an end to the fear and stress and creates an opportunity for a fresh financial start. To better understand which type of bankruptcy is best suited for your particular situation, it is best to consult with an experienced Mesa bankruptcy law firm.
At The Law Office of James Portman Webster, PLLC, we are dedicated to helping clients find solutions that work. Unlike other large Mesa bankruptcy law firms, as a small boutique firm we take a personalized approach to our cases and provide individualized care. Contact The Law Office of James Portman Webster, PLLC today to schedule a free consultation to discuss your situation and available options, including possible alternatives to bankruptcy.
