With decades of experience available to each of our clients, the new bankruptcy laws for individuals or small businesses don’t have to prove as daunting as so many suggest. The objective in any Bankruptcy case is a fair settlement, and while there are many bankruptcy lawyers in Arizona, just one team is committed to excellence – Combs Law Group.
The Process
We meet with each client in a consultation setting to help you determine whether bankruptcy is the right move. In many cases, there may be other options, but should you wish to proceed, you will sign some paperwork, gather the required documents, and attend a credit counseling session. From there, we will hold a prefiling conference, file your petition and meet with your creditors. The last step is the discharge of debt. Because so many questions and concerns come up during the process, you’ll have a member of the team at your disposal to handle any issues that may arise as you move forward. We will help you understand what documentation is required and what fees you can expect to pay up front before you ever begin the process.
Filing Chapter 7 Bankruptcy
Chapter 7 is commonly known as a complete discharge of debts. Any non-exempt assets will be collected by a court-appointed trustee in your case, then sold to pay your creditors. At the time of discharge, all of your debts will be eliminated.
Filing Chapter 13 Bankruptcy
Chapter 13 is essentially a reorganization of your debts. It helps you meet your obligations, yet still provides you with the breathing room you need. An increasingly common form of bankruptcy, it’s ideal for many individuals and small business owners alike.
Would you like more information about our bankruptcy services? Take a moment to contact us today to set up an initial consultation session.
