Phoenix Bankruptcy Lawyers
Personal bankruptcy may be a final resort for individuals who are struggling to pay the bills and make ends meet. At the 602 Law Group, we understand the financial stresses you and your family may be experiencing, and we want to help.
If you or a loved one is experiencing a financial hardship and considering filing for bankruptcy, please contact us today to discuss your situation. Our mission is to be your trusted guide through the bankruptcy process.
Why File for Bankruptcy?
Filing for personal bankruptcy is a serious matter that results from significant financial hardship. Common indicators that bankruptcy may relieve your financial situation include:
- Large amounts of debt, such as credit cards all maxed out to their limit.
- The looming potential of your personal assets being either repossessed or foreclosed.
- Your wages consistently being garnished by the government in order to repay a debt.
- Eviction from your rental property for failing to pay rent.
- Exorbitant medical bills and hospital expenses that are beyond your ability to pay.
- Nonstop harassment and correspondence with multiple debt collectors.
- Creditors and other financial institutions threatening to file a lawsuit against you to pursue any financial losses.
If you are experiencing one or more of these examples, bankruptcy may be a viable solution for you.
Why Do You Need a Lawyer?
If you or a loved one are considering filing for personal bankruptcy, it is highly recommended to seek the counsel of an attorney. Although some do file without the help of a lawyer, it is often incredibly difficult to succeed with a lawyer to help you through the process.
All bankruptcies must follow the guidelines set forth by both federal and Arizona state law, which can be difficult and confusing for those who do not fully understand the complexities of the U.S. Bankruptcy Code.
For example, although the forms required to file for bankruptcy are fairly straightforward, a single mistake may get your case dismissed. Furthermore, if the mistake is serious enough, your case may be dismissed with prejudice, which may bar you from refiling for a certain time period.
An experienced attorney who is already familiar with the bankruptcy process can efficiently guide you through proceedings while avoiding any pitfalls or mistakes that may prolong your case. Additionally, they can help you prepare any and all paperwork necessary to file your bankruptcy in a thorough yet prompt manner.