Bankruptcy Law

Chapter 7 and Chapter 13 Bankruptcy

Phoenix Bankruptcy Lawyers

Bankruptcy is often a viable option for individuals, families or businesses consumed with debt. For more than 30 years, the Law Offices of William D. Black has helped individual and business clients obtain debt relief through bankruptcy or other procedures.

If you retain our law firm , we will guide you through the bankruptcy process. Our Phoenix bankruptcy lawyers will help you understand and explore all of your bankruptcy and debt-relief options before you make any final decisions. Contact our law firm today to schedule a free initial consultation with one of our experienced bankruptcy attorneys.

Guiding Clients Through the Bankruptcy Process

If you are overwhelmed with debt and considering bankruptcy, understandably you are concerned about your future and building a new financial life for yourself. Our firm's Phoenix bankruptcy lawyers are committed to addressing all of your questions, such as:

  • Is bankruptcy right for me? If you have serious debt problems, particularly with credit cards and unexpected medical expenses, filing bankruptcy can make a significant positive difference in your life.
  • How do I restore my credit after filing bankruptcy? A number of banks offer secured credit cards. Debtors put a certain amount of money in a bank account to guarantee payment.
  • Will I lose all of my property if I file bankruptcy? No, you will be allowed to keep some of your property. In many circumstances, individuals maintain their personal possessions, cars, bank accounts, retirement accounts and homestead real estate holdings.
  • How can I stop creditor harassment? Filing bankruptcy will prompt a court order to prevent creditors and bill collectors from contacting you.

Outlining Bankruptcy Options

Chapter 7 bankruptcy : This is an option for individuals or families with a significant amount of unsecured debt. Immediately after filing Chapter 7, debtors are free from creditor harassment and debts are discharged within a few months. If you qualify for Chapter 7 bankruptcy, you will be allowed to exempt certain personal assets such as your homestead, car, retirement or insurance plans. This might not be the best option if you have a significant amount of assets. In that case, Chapter 13 may be more appropriate.

Chapter 13 bankruptcy : If you have assets you want protected, consider Chapter 13 bankruptcy. Known as debt adjustment, Chapter 13 allows debtors to negotiate settlements or payment plans with creditors. Debtors are expected to pay off or partially pay off debts from their current income.

Contact Us Today

Contact the Law Offices of William D. Black online or call us at 602.910.6144 or at 888.349.3599 to discuss your debt relief or bankruptcy options. For more background information, visit our bankruptcy FAQ page .

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