Chapter 7

AZ Bankruptcy Attorneys | Lawyers in Mesa Arizona

The Mesa Arizona bankruptcy attorneys at The Yontz Law Group are experienced bankruptcy professionals and have years of experience evaluating personal and business bankruptcy options in Arizona. Casey Yontz, founder of The Yontz Law Group, is a highly regarded Arizona bankruptcy and estate planning attorney. Casey personally meets with every client and provides a free initial debt consultation to all new customers.

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Bankruptcy in AZ – Lawyers Chapter 7 Overview

If filing for bankruptcy in Arizona is an opportunity for a debtor to emerge out of a financial crisis and start afresh, then Chapter 7 of the Bankruptcy Code is the way to achieve this end relatively faster. Chapter 7 is the type of bankruptcy that virtually wipes the slate clean of unsecured debt (credit cards, medical debt, non-secured personal loans and lines of credit, amounts owed on leases, amounts owed after vehicle repossessions and more). An individual or couple must qualify for chapter 7 to get chapter 7 relief. Our bankruptcy attorneys in Arizona are experienced  professionals who will determine, not only if you are a candidate for chapter 7 debt relief, but also, given your current state of affairs, how it would effect you.

Garnishments and Levies

A Chapter 7 is one of the most effective ways to immediately stop garnishments. Garnishments can diminish your hard-earned income making it almost impossible for you to afford life’s basic necessities. By filing a Chapter 7 and stopping the garnishment, you will be able to use your income for more important necessities and start saving for your family’s future.

The Impact on Your Credit Score

Chapter 7 is one way for you to begin reestablishing your credit by reducing your debt to income ratio. With little or no remaining debt, lenders may feel that you will be better able to repay your debts in the future. Many people who file chapter 7 buy homes within one year, or finance cars after discharge. Many discharged debtors receive solicitations for unsecured credit within a few months, so be careful. Bankruptcy will remain on your credit score for 10 years, but many find that they are back into an excellent credit score within 1 to 2 years time, after filing. Consult with a bankruptcy attorney in Arizona for more information.

Arizona Bankruptcy Attorney

The Yontz Law Group has the bankruptcy attorneys Arizona residents and businesses have depended on since 2007, for assistance with Chapter 7 Bankruptcy throughout AZ including Mesa, Gilbert, Phoenix. Call us now and speak with a bankruptcy lawyer in Arizona or schedule a free consultation.