Scottsdale Arizona Chapter 7 and Chapter 13 Bankruptcy Attorneys
Living paycheck to paycheck and struggling to make ends meet is stressful
as it is. With mounting debts and collection calls, it can be difficult
to figure out the right course of action regarding your debt. Fortunately,
Scottsdale Arizona residents can rely on Price Law Group and our Chapter
7 and Chapter 13 bankruptcy attorneys to guide them through the bankruptcy
process. Know that you are not alone during this time; we understand the
situation that you are in.
There are typically two options for residents in Scottsdale Arizona when
it comes to wiping away many of their outstanding debts: Chapter 7 or
Chapter 13 bankruptcy and we will help determine which type of bankruptcy
is right for your situation.
Residents in Scottsdale Arizona looking to file for Chapter 7 bankruptcy
must qualify for this type of bankruptcy. You must make less than the
median income in your specific area, however, if you make more than the
median income, there are still ways to qualify for this type of bankruptcy.
Chapter 7 bankruptcy is also referred to “liquidation” or
“straight bankruptcy” where you can get immediate relief from
the creditors in which you owe monies to on your outstanding debts and
there is no repayment plan for this type of bankruptcy.
Chapter 13 bankruptcy also known as “wage-earners bankruptcy”
is a type of bankruptcy where all of your outstanding debts are organized
into one group and the majority of your income goes towards paying off
these debts over a 3 to 5 year period. You will have monies left aside
to pay mandatory bills such as a car or house payment, rent, utilities,
etc. but the rest of your disposable income will be placed towards repaying
When you are looking for a way to take control of your financial situation,
Chapter 7 or Chapter 13 bankruptcy may be the answer to your financial
situation. While bankruptcy isn’t right for everyone, it can be
the right path when you are struggling to make ends meet. Work with our
Scottsdale Arizona bankruptcy attorneys today to wipe the slate clean
and start fresh in your financial life.
For more information call us at 866-210-1722 or fill out the form below.