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Bankruptcy Attorney Surprise AZ
A Surprise AZ bankruptcy attorney knows that bankruptcy is often a misunderstood resource. Many people have a stigma against those who have to file for bankruptcy, when in reality, it is a tool that can greatly improve the financial status of someone struggling to get by. There are so many benefits to bankruptcy, but it’s important to not rush into filing. You will need to make sure you file for the right bankruptcy chapter (there are six to choose from), in order to yield the most benefits possible. At Wright Law Offices, we have witnessed for ourselves the significant impact that filing for bankruptcy can have on those who have run out of options.
Dischargeable Debts
The main motivation for why people file for bankruptcy is because their debts are so high that their earnings do not enable them to pay it down in a reasonable manner. But certain debts are dischargeable, and others are not. For instance, medical debt, credit card debt, and other unsecured loans could be eliminated after declaring bankruptcy. Debts such as child support, student loans, or taxes are not dischargeable under bankruptcy. After speaking with an attorney about your situation, they can let you know which debts will be eradicated and which will stay.
Automatic Stay
After declaring bankruptcy, federal law does not allow creditors to contact you in any way. Foreclosures, repossessions, garnishments, and lawsuits will stop right away. However, you won’t be completely free of debt responsibility yet, since it depends on which types of secured and unsecured debts you have. But bankruptcy does give you the time you need to develop an approach to deal with your debts, whether that is through liquidation of your assets or establishing an affordable repayment plan. If you are seriously considering filing for bankruptcy, we suggest meeting with a Surprise bankruptcy attorney before moving forward.
Keep Property and Assets
There is a common perspective that bankruptcy will rid you of all your possessions, but this is not fact. The bankruptcy code exempts vehicles, housing, clothing, and furniture from liquidating, while protecting your life insurance policy and retirement account. There are some bankruptcy chapters that will liquidate your assets to pay back creditors, but if that doesn’t work for you, you can choose to partake in a repayment plan instead. A repayment plan would have to be followed for several years and the amounts would vary based on your earnings. The remaining amount you owe may be discharged once you have finished the 3-5 repayment term.
Our Law Offices
The team at Wright Law Offices understands how much debts can affect your life. Many debtors feel pressure everyday knowing how much they owe but aren’t realistically able to pay them back. The weight of personal debts can affect one’s mental health, perspective, and hope for the future. If you are struggling with debts, please consider taking us up on our offer for a consultation. Once a Surprise bankruptcy attorney learns more about your individual circumstances, we can guide you to the next step. Call today.
Client Review
"Benjamin Wright with Wright Law Office made a very difficult time for us much easier. We were struggling and did not know what our options were. He explained all our options and helped us to make the best financial decision. They made things easy and were always available to answer any questions we had. I would definitely recommend him."
Carlos Aguirre
Why should you hire our firm to represent you in bankruptcy?
Great question. Here are a few reasons:
Ways we can help…
Our Locations
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Phoenix Office
Wright Law Offices
2999 N. 44th St., Ste 250
Phoenix AZ 85018
Telephone: 602-456-6085 / 866-703-3287
Phoenix Law Office -
Scottsdale Office
Wright Law Offices
7135 East Camelback Road, Ste 230
Scottsdale AZ 85251
Telephone: 480-845-0145 / 866-703-3287
Scottsdale Law Office -
Tempe Office
Wright Law Offices
2238 S. McClintock Dr.
Tempe AZ 85258
Telephone: 480-845-0145 / 866-703-3287
Tempe Law Office -
Avondale Office
Wright Law Offices
12725 W Indian School Rd, Suite E-101
Avondale AZ 85392
Telephone: 623-258-4480 / 866-703-3287
Avondale Law Office -
Mesa Office
Wright Law Offices
4856 E. Baseline Rd. Suite #104
Mesa, AZ 85206
Telephone: 480-845-0145 / 866-703-3287
Mesa Law Office -
Glendale Office
Wright Law Offices
20325 N. 51st Ave., Suite 134
Glendale, AZ 85308
Telephone: 623-258-4480 / 866-703-3287
Glendale Law Office -
Prescott Office
Wright Law Offices
3623 Crossings Dr Suite 334
Prescott, AZ 86305
Telephone: 602-932-6600
Prescott Law Office
What our clients are saying…
Mr. Wright and his staff were amazing. They made a negative situation a lot better and turned it into a positive. Could really tell they care helping people and I will refer their Phoenix Bankruptcy Attorney firm to friends and family. Thanks again.
I called around looking for the right bankruptcy lawyer and came across Benjamin Wright. He personally called me for the consultation seeing how I live in Kingman AZ. He was very helpful from the start and his staff was very friendly and explained any questions I had, sorry for all the questions. I would definitely recommend Wright law offices, and I do!! Thanks for everything, you made what seemed like a hard thing to do simple!! You guys rock!!!
Great lawyer, he really helped my mother out of a jam. She was totally new to bankruptcy and he talked with us for about an hour and a half to make sure she wouldn’t be worried.
Ben is a kind and down to earth attorney. He worked around my busy schedule as a single mom (school, full-time job, and daycare pick up and drop off times). He explained absolutely everything to me and was good about e-mailing. I am writing this review as a THANK YOU.
I had a very positive experience with Attorney Wright. He or his staff returned my e-mails and calls promptly (even after business hours occasionally). His fees were reasonable. He was patient with me when I showed up in court missing an important document. He is aggressive, but fair and nice.
How does Chapter 13 bankruptcy work?
For individuals who maintain a steady income but are grappling with debts that need more time to be cleared, Chapter 13 bankruptcy could provide a viable solution. This form of bankruptcy enables debtors to retain their property while adhering to a three to five-year repayment plan. In Scottsdale, the bankruptcy attorneys at Wright Law Offices utilize their expertise in developing personalized Chapter 13 plans that are uniquely designed to suit your circumstances and work in your favor.
What role can a lawyer play in tackling credit card debt?
When credit card debt spirals beyond control, the feelings of isolation and stress can be daunting. However, with a knowledgeable lawyer by your side, the situation can be transformed significantly. Lawyers are experienced in negotiating with formidable credit card companies, often succeeding in achieving reduced interest rates or a minimized debt total. At Wright Law Offices, located in Phoenix, our committed legal team stands ready to help you take back control of your financial situation and direct you towards other potential debt relief avenues like bankruptcy.
What happens when foreclosure is knocking on my door?
The prospect of foreclosure can make it seem like your world is tumbling down. Yet, it's vital to remember that there are legal routes available to navigate this challenging situation. Foreclosure is a process initiated by lenders when mortgage payments are overdue, leading them to recover their loan by selling your property. While it sounds intimidating, our adept team at Wright Law Offices in Tempe is here to assist. We guide you through every step of the process, thoroughly exploring all viable options, such as loan modification, bankruptcy, or even contesting the foreclosure in court.
What is a tax debt lawyer's role?
Being in debt to the IRS can create enormous stress. However, a tax debt lawyer can intervene and significantly improve your situation. They're skilled in negotiating a viable payment plan with the IRS, striving to reduce the tax debt you owe, and in certain scenarios, even getting penalties and interest absolved. The proficient team of Scottsdale tax debt lawyers at Wright Law Offices is committed to helping you face this challenge with optimism. Leveraging our deep knowledge of tax law, we're dedicated to securing the best possible outcome for every client we represent.