Bankruptcy
Helping North Valley Residents Survive in a Difficult Economy
Choosing bankruptcy, even choosing to consider bankruptcy, is for almost all of our clients a difficult and painful decision. The people we work with every day have worked for years and decades to do everything right, to maintain a strong career, to raise a family and to build a home.
Bankruptcy is a tool put in place to help people survive times like these. Depending on your need, your means to pay and your desire, bankruptcy is a legal pathway to restructuring or liquidating your debt while allowing you to keep the resources you will need to rebuild. Our attorneys at the Anthem and Phoenix, Arizona, law offices of Boates & Crump can help you review you options and rights under bankruptcy protection.
A Plan to Help You Recover and Rebuild
Whether you are facing home foreclosure, an unmanageable medical debt, increasing interest rates that are siphoning off your savings or you are simply upside down in your home due to diminished home values, you may be in a position to consider how bankruptcy can help you keep moving forward.
Our lawyers work with families and individuals across all income levels and professions to inform them of their rights under personal bankruptcy protection. We can counsel, advise and guide you through the process, and help you consider which path is the right one for you.
- Chapter 7 — A liquidation strategy is available to clients below a certain income and asset threshold. To apply for Chapter 7 bankruptcy you must pass a means test. Clients who do so have opportunities to completely discharge eligible debt through liquidation, while protecting certain key assets such as a home or car.
- Chapter 13 — At the end of a Chapter 13 bankruptcy, you will have a court ordered payment plan to resolve your debt that is based on your ability to pay. While Chapter 13 bankruptcy does not eliminate debt in the same way as Chapter 7, it can help significantly reduce your debt payments and create a payment plan that better matches your current income.
There are countless events that can disrupt a family’s finances to the point of needing to consider bankruptcy. For some, it is lost income. For others, it is too much personal debt without the resources to manage that debt any longer. Still others have suffered as a result of serious medical emergencies. Whatever the reason, it’s important to understand that you may have debt relief options.
Understand Your Rights and Options
Contact our office today if you need strong, reliable and client focused guidance on bankruptcy and debt relief issues. We can help you end creditor harassment, foreclosure proceeding and escalating interest rates and get back on a path toward a healthy financial future.
Bankruptcy Articles
- Overview of Chapter 7 bankruptcy
- Overview of Chapter 13 Bankruptcy
- Bankruptcy Questions and Answers
This article will highlight some basic information on the bankruptcy basics. - Chapter 13 Bankruptcy – What is it and why would I file one
This article will highlight some basic information on Bankruptcy.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.