Get a Fresh Start With Help From a Chandler Bankruptcy Lawyer
Making the decision to file for bankruptcy is not easy. It is important to understand what the costs and benefits of bankruptcy will be before you make the decision. At the Law Offices of Janice M. Palmer, P.C., we give clients the honest advice and careful guidance they need to make the right choice for themselves. If you have problems with debt and would like to discuss bankruptcy or foreclosure, please contact us online or call 480-269-8926, toll free at 888-366-9614 to schedule a free, 20-minute consultation.
Understanding Bankruptcy Relief
Not all bankruptcy situations are the same. We assist clients in cases involving Chapter 7, Chapter 13 and Chapter 11 bankruptcy, as well as foreclosure actions. The requirements and consequences of these different options vary considerably.
Chapter 7 Bankruptcy
When people think of bankruptcy, Chapter 7 is generally what they imagine. If you qualify for Chapter 7 relief, much of your debt will likely be liquidated and you will end up owing nothing. Certain debts are exempt from bankruptcy relief, and you may be forced to give up certain assets, but, for the most part, you will have a clean start after this form of bankruptcy.
Chapter 13 Bankruptcy
This form of bankruptcy has been called "wage earner's relief" because it is generally appropriate for people who have an income and can still afford to pay some of the debt they owe. In this type of bankruptcy, the parties agree to a three-to-five-year plan to pay back certain debts, while other debts are discharged.
Arizona Chapter 11 Attorney
We also assist individuals in obtaining Chapter 11 bankruptcy relief. While most people who qualify for Chapter 7 or Chapter 13 relief will be better served by one of these options, for larger asset clients, Chapter 11 may be the only option. We have experience in complex cases and bankruptcy litigation, so we are able to help clients obtain relief in almost any situation.
Many people do not strongly consider filing for bankruptcy until their homes are threatened with foreclosure. The bankruptcy process will put a stop to foreclosure proceedings. If your debt is such that you have fallen behind or will fall behind on your mortgage, please contact us right away. Acting quickly can preserve options that will be lost if you delay.
To schedule a free, 20-minute consultation, please contact us online or call 480-269-8926, toll free at 888-366-9614.
We are a debt relief agency. We help people file for Bankruptcy relief under the Bankruptcy Code.