Gilbert residents who are considering filing for bankruptcy have many concerns, and rightly so. They worry about the type of bankruptcy they should file for, whether or not they can afford legal fees if they hire a lawyer, and what will happen to their credit. The most important thing to remember when making the consideration to file for bankruptcy in Arizona, however, is that you have options. Each option comes with its own set of benefits and drawbacks, which is why I provide legal services and representation as a Gilbert bankruptcy attorney. I help those facing bankruptcy realize their choices when they are faced with the prospect of bankruptcy and how each of those choices may affect their lives. I am dedicated to helping you achieve the best possible results in a bankruptcy, so make sure to call Arizona Consumer Law Group, PLC when you start the bankruptcy process.
Your Choices: Different Types of Bankruptcy
When it comes to your bankruptcy options, there are two main courses of action that you can pursue: 1) a Chapter 7 bankruptcy or 2) a Chapter 13 bankruptcy. There are other types of bankruptcy, including Chapter 11 and 12, but any of them have some good and bad repercussions, including a major impact on the standing of your credit. Understanding these different types can help you decide the best course of action if you are faced with the inability to pay your bills or make headway on your debts.
- Chapter 7 Bankruptcy – This type of bankruptcy is commonly referred to as liquidation, or in other words, your personal loans and credit card debts are discharged. This type of bankruptcy depends on many factors, such as your income, assets, and monthly bills. This is why a Gilbert bankruptcy lawyer may be very beneficial, as we can pre-assess these factors and whether or not the court will see your situation as a valid reason for filing for a Chapter 7. If this is a route best suited to your situation, the process usually takes anywhere from 3 to 6 months, and I will be there with you every step of the way.
- Chapter 13 Bankruptcy – This type of bankruptcy, in essence, reorganizes your finances by setting up a plan with your creditors where you pay them back over a certain period of time. This is a helpful option for helping people repay their creditors over time and may last anywhere from 3 to 5 years. Your responsibility in this type of bankruptcy will be to continue making the payments that the court and creditors agree on.
- Other Bankruptcies – Declaring Chapter 11 and Chapter 12 bankruptcy is rarer, as a Chapter 11 only applies to certain creditors, and a Chapter 12 is available for farming or fishing families to avoid foreclosure or liquidation.
Why Declare Bankruptcy?
There are two reasons why an individual or family may decide to declare bankruptcy in Gilbert. The first is because they are unable to payback their creditors and voluntarily decide they want to either set up a bankruptcy plan or to completely discharge their loans and credit card debts. The second reason is because some creditors may ask the court directly that the individual declares bankruptcy. Whichever situation you find yourself in, it will be crucial to hire me as your bankruptcy attorney in Gilbert to make sure you are able to tackle each step of the legal process and ensure you get fair representation when it comes to defending your rights as a consumer.
Consumer Rights Litigation Attorney
I also specialize in litigating against junk debt collectors. If you are being handed a lawsuit by a debt collection agency, I advocate your case and help protect your rights as a consumer. As a Gilbert resident, there are certain laws that these debt collectors overstep all the time, and I will help you get the best possible outcomes when fighting these lawsuits.
Getting Representation in Arizona
When you are thinking about declaring bankruptcy or have started the process, don’t try to do it alone. My fees are manageable for most Gilbert residents, even if their finances are in trouble. I am on your side and will fight for you to make sure you get the best possible result from your case. Remember to call me at 480-420-4028 for a free consultation and to start the advisement process with an experienced Gilbert bankruptcy attorney.
Schedule a Free Consultation!
John Skiba, Esq.
We offer a free consultation to discuss your debt problem and help you put together a game plan to eliminate your debt once and for all. Give us a call at (480) 420-4028