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If you are struggling with debt, read this infographic to learn about bankruptcy process in Phoenix. Contact our bankruptcy attorney in Arizona at 602-786-9175 to find out which chapteru2019s you qualify for and what bankruptcy filing can do for your situation.
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Bankruptcy Attorneys Phoenix Bankruptcy Filing Basics in Phoenix Bankruptcy filing is a federal legal process which allows debtors (those who owe debts) to eliminate (“discharge”) their personal liability on or “reorganize” their debts. The bankruptcy filing laws are designed to balance the interests of debtors in achieving those goals with the rights of creditors to get paid. In general terms, bankruptcy filing allows those without the means to pay to be excused from paying on their debts. Benefits of Bankruptcy Filing Stops Collection Actions and Harassment A primary and immediate benefit of filing any bankruptcy is the automatic stay. Keeping Your Property – Exemptions Exemptions determine the value in assets you are allowed to “keep” in any bankruptcy case. Remove Liens Liens are rights that creditors have against specific property (as distinguished from rights against the individual debtor). Contact Us 11201 North Tatum Boulevard Suite 300, Phoenix, AZ 85028, USA 602-786-9175 PHOENIXFRESHSTARTBANKRUPTCY.COM