Prescott, AZ Chapter 7 Bankruptcy Lawyer

Prescott, AZ Chapter 7 Bankruptcy Lawyer2023-11-27T15:23:00-07:00
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A Prescott, AZ chapter 7 bankruptcy lawyer can imagine the stress you may be under, and questions about filing for bankruptcy should be answered by a reliable legal team. Although many people envision bankruptcy as the easiest way out of their financial troubles, you shouldn’t file without learning about the benefits and potential drawbacks first. Filing for bankruptcy is not a simple task. It should not be avoided just people the debtor is worried about what their friends, family, or employers may think. And after all, you don’t have to tell them unless you want to. Bankruptcy sometimes gets a negative connotation associated with it, when it can actually be a life-changing resource for some. Our team at the Wright Law Offices is ready to assist you further. We will begin by reserving you for a consultation. 

The Benefits And Drawbacks

As with many big decisions in life, there may be good and not so good factors that you must consider before making a final choice. Your Prescott chapter 7 bankruptcy lawyer can walk you through the process of filing if you choose to pursue that route. But first, we will need to know more about your individual situation. There are six bankruptcy chapters, but not all will be suited for your circumstances. Every chapter is intended for either individuals, companies, municipalities, or more than one country. Here are examples of possible benefits and drawbacks of filing for bankruptcy: 

  • You get at least some of your debts discharged (but not automatically all)
  • You will have an impact to your credit score and a bankruptcy mark on the credit report
  • You may have to liquidate assets to pay for your debts
  • You may have to partake in a 3-5 year repayment plan (but after this duration, some remaining debts may be eliminated) 
  • It can be difficult to get approved for loans in the short-term, but the long-term benefits may outweigh this
  • After filing, creditors are not longer allowed to contact you about debts
  • You can finally get on a secure path to restarting your financial stability into the future 

After Filing For Bankruptcy

Once you declare bankruptcy, you will submit a petition to the federal court. After your bankruptcy petition is filed, creditors will be notified and must halt pursuing any debts that you owe them. The court will request more information from you, such as a complete list of your creditors, the total amount of debts owed, and accounting documents for your total income and outgoing expenses. As a Prescott chapter 7 bankruptcy lawyer has seen, filing for bankruptcy can provide people with the much needed relief after a long time of feeling burdened by debts. If you have questions about your financial situation and whether bankruptcy could be right for you, contact our team at the Wright Law Offices as soon as you can. Don’t let the negative stigma about bankruptcy prevent you from using this life-changing financial tool. 


Practice Areas

Bankruptcy Debt Assistance

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    Location Served

    Tempe AZ, Phoenix AZ, Scottsdale AZ, Avondale AZ, Mesa AZ and Glendale AZ

    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
    Client Review

    Why should you hire our firm to represent you in bankruptcy?

    Great question. Here are a few reasons:

    • 1. Bankruptcy is our sole area of practice. Attorney Wright has over 10 years of experience in the field of bankruptcy and has helped over 1000 people successfully file.
    • 2. Attorney Wright has an accounting background that is useful in analyzing complex financial documents. Prior to law school he obtained a degree in accounting from the University of Wisconsin School of Business. He exercised his strong numerical aptitude in the field of accounting, including several years with The Kohler Co., before ultimately deciding to pursue a law degree.
    • 3. New clients meet with an attorney during their first visit. We understand your time is valuable. It is important your questions are answered quickly and accurately so you can take appropriate steps to secure a better financial future and eliminate fear and stress.
    • 4. In business, referrals are the highest form of professional compliment. We frequently receive referrals from other lawyers and previous clients.
    • 5. Our firm is small which enables us to focus on quality over quantity. We don’t have billboards on the I-10 or banners affixed to public transportation. Our approach is a bit more understated. We care about people and doing things right and it shows in our low employee turnover and positive reviews.
    • 6. Perhaps the most important consideration is the cost of filing bankruptcy. We continuously assess our fees to ensure we offer fair and competitive pricing. We want to offer you a deal without sacrificing the quality of your experience.
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    Attorney Ben Wright

    Ways we can help…

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      What our clients are saying…

      TOP Rated PHOENIX BANKRUPTCY ATTORNEY

      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.

      Tara
      TOP Rated PHOENIX BANKRUPTCY ATTORNEY

      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!!!

      Steffanie
      TOP Rated PHOENIX BANKRUPTCY ATTORNEY

      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.

      Damian
      TOP Rated PHOENIX BANKRUPTCY ATTORNEY

      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.

      Shannon
      TOP Rated PHOENIX BANKRUPTCY ATTORNEY

      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.

      Jenna


      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.

      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.

      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.

      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.

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