You may have heard it said that bankruptcy will allow you to get "a fresh start." You may wonder what, exactly, that means. After all, you have been conditioned all your life to believe that "bankrupt" is equivalent to "failure" or "empty-handed."
The fresh start that comes with a successful bankruptcy case can mean freedom from overwhelming debt. Learn how The Roll Law Office, PLLC, can help you get a new financial fresh start. Contact us today to set up a free consultation. Call 602-652-2403 or e-mail our law offices for more information.
Bankruptcy in Arizona
In a Chapter 7 bankruptcy, most or all consumer debt is discharged. A Chapter 7 bankruptcy is normally complete within a few months time. Once the bankruptcy court notifies you of the discharge of all debts, the creditors will never be able to attempt to collect on those debts again. This type of bankruptcy is also referred to as a "liquidation" bankruptcy, because assets may be liquidated as part of the process. However, many debtors are able to keep nearly all or all of their assets in a Chapter 7 bankruptcy.
In a Chapter 13 bankruptcy, debts are usually greatly reduced and repaid with little or no interest over three to five years of manageable payments. Discharge of your bankruptcy will occur at the conclusion of payment.
In a Chapter 11 bankruptcy, you are able to reorganize and restructure your business debts. Working with your creditors, you will be able to maintain your business operations and work toward a secure financial future for your business.
Debt Relief for Arizonans - Contact an Experienced Attorney
Clients approaching bankruptcy have often gone through months of fear, anxiety and stress. A life event such as a divorce, a job loss, a medical crisis in the family or a natural disaster may have triggered loss of ability to manage debt — or new, unmanageable financial obligations. A car accident, a rent increase or a business downturn may have tipped the bucket enough to make it impossible to keep juggling debt.
The decision to file bankruptcy is a serious measure, but for someone who needs what bankruptcy has to offer, it can, indeed, bring debt relief and a "fresh start." Please contact the Roll Law Office to schedule a free consultation. Learn how you can save your house from foreclosure or save your business through debt reorganization.
Discuss your debt challenges with a lawyer, consider alternatives to bankruptcy and get a clear understanding of what bankruptcy can and cannot do for you. Schedule a free initial consultation with an experienced Arizona bankruptcy attorney. Contact us by phone or e-mail.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
