Family Law

How to File For Bankruptcy?


When you are facing overwhelming debt, you need the help of a qualified Bankruptcy Attorney. Filing for bankruptcy is a great way to escape crippling debt and start fresh with a clean slate. The best Bankruptcy Attorney will protect your rights and ensure that you have a fair chance of success in your case.

The best way to find the right Phoenix bankruptcy lawyer is to do some research and get references from people you know who have used that attorney. This will give you a good idea of whether or not this lawyer has handled cases like yours before.

You should also ask a prospective lawyer about their experience with bankruptcy law and their approach to filing bankruptcy cases. The lawyer should be able to explain what the process is like and how it can benefit you. They should also be able to answer any questions you have regarding the process, the cost of filing and the recovery process.

Before you meet with a bankruptcy attorney, take some time to gather your financial information and bring it with you. The more accurate you can be about your income, assets and debts, the more likely your lawyer will be able to provide you with the best advice possible.

Make sure to ask your lawyer all the relevant questions about the bankruptcy process, a payment plan and any garnishments of wages that you might be subject to. This is a serious step in your bankruptcy process, and it’s important to make sure you have all the right information.

The best Bankruptcy Attorney will protect you from debt collectors and defend your interests during creditors meetings. They will ensure that your case is filed in the most efficient way possible and that your rights are protected throughout the entire process.

A great Phoenix bankruptcy lawyer will help you assess your financial situation, determine whether bankruptcy is the right choice for you and advise you about the options available to you if it isn’t. This includes determining whether a Chapter 7 bankruptcy or a Chapter 13 bankruptcy is more appropriate for you and if so, what type of bankruptcy would be best for your situation.

Your Phoenix bankruptcy attorney will help you navigate the complex legal system and get a discharge of your debts in the most timely manner possible. Your attorney will also work to protect your assets and make sure that you can continue to live a comfortable lifestyle without the burden of overwhelming debt.

There are many reasons why people end up filing for bankruptcy. Medical bills, unexpected business expenses or losses in the stock market or other investment vehicles can all result in an overwhelming debt situation. Credit card bills can accumulate due to unemployment or periods of low cash flow, and a variety of other factors could be at play.

As a result of COVID-19, and the supply chain shutdown that followed, bankruptcy attorneys expect an influx of individuals and businesses who are struggling financially. Fortunately, there are several new laws that have been enacted in the months prior to the pandemic that can help you avoid bankruptcy if you are suffering from an economic setback. These laws include The Small Business Reorganization Act of 2019, also known as SBRA; the Honoring American Veterans in Extreme Need Act, or HAVEN; and the Family Farmer Relief Act.