Gilbert Bankruptcy Lawyer

We are a debt relief agency. We help individuals and businesses file for bankruptcy relief under the Bankruptcy Code.

Types Of Bankruptcy Cases We Handle

When financial pressure reaches a breaking point, bankruptcy can be a way to reset and regain control. Our Gilbert, AZ bankruptcy lawyer helps clients consider the right legal tools based on their unique situation, goals, and assets. Bankruptcy is not one-size-fits-all, and the options available are shaped by factors like income, property ownership, and business involvement. We work alongside individuals and businesses to help them pursue the path that best aligns with their circumstances.

Relief Through Chapter 7 Filings

One of the most common filings, Chapter 7, allows individuals to discharge certain unsecured debts such as credit cards, medical bills, and personal loans. In many cases, people can retain most or all of their property thanks to exemption protections. This type of filing is generally appropriate for those with limited income and few nonexempt assets. The process tends to move quickly, which can help people get back on track sooner. That said, our Gilbert bankruptcy lawyer looks closely at whether Chapter 7 is appropriate based on each client’s entire financial picture.

Structured Repayment Under Chapter 13

Unlike liquidation, Chapter 13 allows debt to be reorganized through a court-approved repayment plan. It’s often well-suited for those who earn a steady income but have fallen behind on major obligations like a mortgage or car loan. This type of filing typically lasts three to five years and offers an opportunity to avoid foreclosure or repossession. Chapter 13 can also allow for the partial repayment of unsecured debts based on the filer’s ability to pay. We take time to craft reasonable plans that align with what clients can afford long term.

Protection For Business Owners Through Chapter 11

When a business needs relief while continuing to operate, Chapter 11 may be the best route. This form of bankruptcy helps businesses reorganize debts while maintaining day-to-day operations. It can apply to both small businesses and larger entities, with some cases eligible for streamlined treatment under the Subchapter V provisions. Our Gilbert bankruptcy lawyer works with business owners to develop manageable reorganization strategies and guide them through court requirements, financial disclosures, and creditor negotiations.

Help With Non-Dischargeable Obligations And Debt Disputes

Not all debt can be erased through bankruptcy. We help clients address legal matters involving tax obligations, domestic support, and student loans, which often require separate treatment or additional filings. Whether a client is disputing the validity of a debt or responding to an adversary proceeding, we step in to provide representation that reflects their best interests. Even outside of the discharge process, legal options may still be available to reduce or manage what’s owed.

Let’s Talk About Your Next Step

Bankruptcy laws offer a number of legal pathways, but choosing the right one depends on your goals, assets, and financial standing. With over ten years of experience, our team at Wright Law Offices takes time to evaluate your situation and recommend the course that gives you the best shot at a stronger financial future. If you’re facing overwhelming debt, schedule a free consultation with us today!

Steps In Filing Bankruptcy

Filing for bankruptcy can feel overwhelming, but taking the process step by step helps us regain financial control. Our skilled Gilbert, AZ bankruptcy lawyer works with clients to guide them through each stage efficiently. Here’s a clear breakdown of the steps involved in bankruptcy, designed to give clarity and confidence as we move forward.

Assessing Your Financial Situation

The first step is to take a detailed look at all debts, assets, and monthly expenses. We compile a complete list of creditors, outstanding balances, and ongoing obligations. Understanding the full scope of our financial standing allows us to determine whether bankruptcy is the right solution or if other options might work. According to our Gilbert bankruptcy lawyer, this stage sets the foundation for every following step.

Choosing The Type Of Bankruptcy

There are different types of bankruptcy filings, most commonly Chapter 7 and Chapter 13. Chapter 7 focuses on liquidating certain assets to pay creditors, while Chapter 13 involves a repayment plan over several years. We evaluate our situation, taking into account income, assets, and long-term financial goals, to select the path that provides the most manageable resolution.

Completing Required Paperwork

Bankruptcy filings involve detailed forms that cover income, debts, assets, and financial history. Accurate completion is essential, as errors can delay the process or create complications. We gather all necessary documentation, from tax returns to pay stubs, to ensure the filing is complete and accurate. This step may take time, but thorough preparation helps us move forward with confidence.

Filing With The Court

Once paperwork is prepared, the next step is to submit the petition to the bankruptcy court. Filing officially begins the legal process and triggers the automatic stay, which temporarily stops most collection actions from creditors. At this stage, we are officially on record as seeking relief and can start focusing on restructuring our finances under the protection of the court.

Attending Creditor Meetings

After filing, we are required to attend a meeting with creditors, often referred to as the “341 meeting.” During this session, the bankruptcy trustee and creditors can ask questions about our financial situation and filings. It’s an opportunity to clarify details and confirm that the information provided is accurate. Participating actively helps the process move smoothly and reduces the risk of delays.

Receiving Discharge Moving Forward

The final step is receiving a discharge, which releases us from liability for most debts. This marks a significant milestone, allowing us to rebuild credit and establish new financial routines. While bankruptcy may feel like an endpoint, it’s the beginning of a fresh start.

Moving Forward

For over a decade, our team at Wright Law Offices has worked with clients to support them through every step and help them create a sustainable plan for the future. Bankruptcy can be challenging, but following these steps helps us regain control and plan for a more secure financial future. Reach out to our trusted Gilbert bankruptcy lawyer today to schedule your free consultation. Taking action now can set the stage for financial stability and renewed peace of mind.