Tucson Debt Relief Lawyer
How Bankruptcy Works for You
The prospect of filing for bankruptcy can be daunting. It is natural to feel apprehensive about a process for which you may be unfamiliar.
In brief, bankruptcy allows individuals or small business owners like you, who owe creditors money, to either have your debts completely erased or to work out a plan to pay the money back to them in manageable payments over time.
A Chapter 7 bankruptcy is straightforward and relatively uncomplicated. The process can be completed in six months or less. After your debts are eliminated, your financial “slate” is wiped clean and you can begin afresh.
Depending on your repayment plan, a Chapter 13 bankruptcy can be resolved in 3 to 5 years. This period of time gives you a chance to reorganize and to pay down your debts. Some debts may even be forgiven. You are afforded the opportunity to pay off your debts in manageable monthly payments and to put them forever behind you.
Comprehensive Case Evaluation
When you come in for your free initial consultation, a well qualified Tucson debt relief lawyer will review your situation and will counsel you on whether Chapter 7 or Chapter 13 bankruptcy is appropriate for you. If bankruptcy is inappropriate for your situation, he will recommend other options that can help you avoid bankruptcy, such as mortgage restructuring, debt settlement or debt negotiation.
If you choose bankruptcy as an option, the attorney will take the time to answer your questions and explain the process for the type of bankruptcy you are qualified for.
If you choose our law firm to represent you, you will be given a packet of information that explains the bankruptcy process in detail. Rest assured that the attorney is there for you each step of the way and will address your concerns and questions. He wants to streamline the process for you and make it as “headache-free” as possible.
Chapter 7 Bankruptcy Timeline
Many clients are fearful that they have to spend hours in a courtroom, or be hauled in front of a judge. This is usually not the case. In a Chapter 7 bankruptcy, for example, you are normally required to attend only one meeting, called a 341 creditor’s meeting. Many times your creditors do not even appear. You will be asked a few simple questions by the trustee, not a judge. Our attorney will be at your side the entire time.
The whole process, from your initial phone call until your final discharge of debts, takes under six months.
Chapter 13 Debt Repayment Timeline
A qualified Tucson Chapter 13 bankruptcy attorney from our firm will explain the procedural requirements for filing Chapter 13 bankruptcy.
Lawyer Dustin Vidrine will help you through the process of submitting a payment plan, which is to be filed 15 days after your Bankruptcy Petition.
Just as in a Chapter 7 bankruptcy, you will be required to attend a 341 meeting in front of a trustee. You may be required to attend an additional hearing. Again, the attorney will be by your side until your repayment plan is complete and your final debts are discharged.
Complex New Laws
In 2005, Congress passed new bankruptcy laws which are highly complex. Our bankruptcy lawyer is well versed in federal and state laws which may affect the outcome of your filing. He will conscientiously monitor all developments during your bankruptcy proceedings.
Our competent attorneys take a personal interest in your case from start to finish. Call us today at 520.885.1106 to arrange to talk with an attorney. Your first consultation is free.
