Bankruptcy Lawyers in Surprise Protecting Your Finances
Are you overwhelmed with debt and considering filing for bankruptcy? If so, it’s important to take the right steps to protect your finances. Working with an experienced Surprise bankruptcy attorney will help you get through this.
At The Dobbs Law Firm, PLC, we understand how difficult it can be to face financial challenges. Our team is here to provide knowledgeable advice and strong legal representation throughout your case. We have extensive experience helping clients from all walks of life get out of debt and achieve financial freedom.
We know that there are many options available for resolving overwhelming debts, including filing for Chapter 7 or Chapter 13 bankruptcy protection. Our proficient attorneys will review your situation thoroughly and create a custom plan designed specifically for you – one that takes into account both short-term goals as well as long-term. Whether you need help negotiating with creditors or assistance understanding tax implications, our team is here every step of the way providing personalized solutions for you. Call (623) 267-0026 for a free consultation.
What are Different Types of Bankruptcy?
When deciding to file for bankruptcy, it is important to know what type of bankruptcy you need. There are several types of bankruptcies available, so it helps to understand which may best suit your situation. Some include:
- Chapter 7 Bankruptcy: A form of liquidation bankruptcy in which all debts, except student loans and certain taxes, are discharged after assets are sold off to pay creditors.
- Chapter 11 Bankruptcy: A type of reorganization bankruptcy, often used by business owners who are having difficulty meeting their obligations. This enables them to restructure their debts and pay them off over time.
- Chapter 13 Bankruptcy: Another form of reorganization bankruptcy and it is available only to individuals with regular income. It allows them to work out a plan over three to five years to pay off their creditors.
Our experienced lawyers will help you decide which type is best suited for your situation so that you can get back on track financially. With our guidance and direction, we’ll make sure all of your assets are protected while ensuring your debts are handled in an orderly fashion.
When Should I Consider Filing for Bankruptcy?
Filing for bankruptcy is a big decision, and it can be difficult to determine if this financial tool is right for you. Before taking any steps toward filing, you must be sure that you want to pursue this option.
This action will have long-lasting consequences on your credit history and may make certain activities more difficult in the future. Sometimes bankruptcy is a necessary step for someone facing overwhelming debt or an unmanageable financial situation.
Some of the most common signs that someone should consider filing for bankruptcy include:
- You are unable to pay off your debts
- Your creditors are constantly harassing you for payment
- You have no hope of catching up on your debt payments
- You are facing foreclosure on your home or repossession of a vehicle
- Your wages are being garnished
How Do Some People Have Large Debt?
Debt can accumulate quickly and unexpectedly due to a variety of circumstances. Some of the most common contributors to debt include medical bills, credit card purchases, mortgage payments, taxes, business loans, and student loan payments. People might also find themselves with large amounts of debt due to unforeseen events such as divorce or job loss. Something unforeseen is sometimes difficult to recover from.
It doesn’t matter how someone falls into debt. What matters is that they act as soon as possible to try and get out of it before it gets worse. Getting assistance from a bankruptcy attorney at our firm that focuses on handling personal bankruptcy is one way that people can achieve this. A person’s mental health can be severely impacted by large amounts of debt. We know what you are going through and are here to help.
How Can a Bankruptcy Attorney Help Me?
Bankruptcy lawyers provide legal advice and assistance to individuals who are struggling with debt. They can help you understand the intricacies of the bankruptcy process and guide you through each step. Bankruptcy attorneys can also help draft a repayment plan that is fair for both lenders and borrowers, as well as negotiate with creditors on your behalf.
A bankruptcy lawyer can be invaluable in helping protect your assets while filing for Chapter 7, Chapter 11, or Chapter 13 bankruptcy protection. At The Dodds Law Firm, PLC, we will ensure all paperwork is filed correctly and that all applicable laws are followed so that you get the best result possible. An experienced attorney can also advise if there are alternatives to filing bankruptcy such as consolidating debts, negotiating settlements, or creating a repayment plan. Call us at (623) 267-0026 to get a handle on your finances.