Filing bankruptcy in Mesa can be a little overwhelming, especially if you are not familiar with the bankruptcy process. However, hiring an experienced Mesa bankruptcy attorney can reduce the stress and make the process of filing bankruptcy easier for you and your family. Our bankruptcy team guides you through each step of your bankruptcy case. We are here to answer your questions about bankruptcy and help you find an affordable solution to your debt problems.
Reasons to File a Bankruptcy Case
There are many reasons for filing bankruptcy. Some of the reasons are out of a person’s control. Some people may have made mistakes managing their money or overused credit cards. Regardless of the reason why you are in financial trouble, a bankruptcy case can help you get out of debt and on your way to a brighter financial future.
Common reasons people file bankruptcy in Mesa include:
- Too much credit card debt;
- Medical bills they cannot pay;
- Death of a spouse or family member;
- Decrease in household income;
- Failed business;
- Divorce or separation from a domestic partner; and,
- Accidental injury, illness, or disability.
Instead of continuing to struggle to pay debts you cannot afford, talk to our attorney about a Chapter 7 or Chapter 13 bankruptcy case.
What is Chapter 7?
Chapter 7 is one of the quickest ways to get out of debt. In many cases, a person can receive debt forgiveness through Chapter 7 in just four to six months. Most debts are dischargeable in bankruptcy so you could be debt-free after completing your Chapter 7 case.
However, there are some risks in filing Chapter 7 if you own a lot of property. You must also meet income qualifications for Chapter 7. Before filing Chapter 7, it is best to consult with a Mesa Chapter 7 bankruptcy attorney to ensure that Chapter 7 is right for you.
What is Chapter 13?
A Chapter 13 bankruptcy case is a repayment plan. With the help of the bankruptcy court, you reorganize your debts into a plan you can afford. You make monthly payments to a Chapter 13 trustee. The Chapter 13 trustee uses those funds to pay your creditors.
Filing Chapter 13 can help save your car from repossession or your home from foreclosure. Through the Chapter 13 plan, you can catch up on your mortgage payments over time instead of in a lump sum. You may be able to lower your car payments or pay less than you owe on your car to satisfy the lien. A Mesa Chapter 13 attorney carefully reviews your financial situation to draft a payment plan that gives you the most benefit from filing under Chapter 13.
Do You Want More Information About Filing Bankruptcy in Mesa?
If so, contact our office for a free case review. It does not cost you anything to learn more about the bankruptcy process from an experienced bankruptcy attorney in Mesa.
Don’t let creditors continue to bully you and harass you into paying debts you cannot afford to pay. Instead, talk to an attorney today about how bankruptcy can help you get out from under the burden of debt. Take the first step on the road to a debt-free life. You will be glad that you did.
Contact Our Mesa Bankruptcy Attorneys for a Free Case Review
The legal team of Allegiant Law Group is here to help you. We understand you are going through a stressful time. Our goal is to reduce your stress by helping you eliminate debts.
Call 602-562-1000 now to schedule your free consultation with a Mesa bankruptcy lawyer.