Phoenix Bankruptcy Attorneys Helping You Take Back Control of Your Finances
Being in serious debt with never ending payments to multiple credit card companies, banks, and other creditors really take a chunk out of your enjoyment of life. Not having the flexibility to be spontaneous, go on trips, and enjoy your hard-earned dollar is deflating to think about. You may be considering several debt relief options to dig yourself out of your financial hole. Some debt relief options may offer you personal loans to take care of your immediate debts but oftentimes they come with staggering interest rates that put you right back to square one.
Filing for bankruptcy may have crossed your mind as you were going through your options to get out of debt. Bankruptcy is a tried and tested way of getting some semblance of debt relief. Whether credit card debt is piling up or bad investments have cost you a fortune, bankruptcy is a great equalizer that can wipe out debt and give you a fresh start. If you are interested in the possibility of bankruptcy as a means to get out of debt, getting expert legal representation on your side can go a long way in ensuring your bankruptcy goes smoothly and efficiently.
If you shudder at the thought of getting legal representation for your bankruptcy case, a bankruptcy law firm can offer you a chance to sign up for a 0-down bankruptcy program. 0-down bankruptcy helps in situations where filing for bankruptcy is an ideal choice for you but you don’t have the means to pay a bankruptcy attorney upfront. With 0-down bankruptcy, you will pay zero money down and still have the ability to obtain expert legal representation. Zero money down for access to an experienced legal team can make a major difference in the effectiveness of your bankruptcy. Be sure to contact the law office of bankruptcy lawyers to talk about your situation and to see if the 0-down bankruptcy program is right for you.
Is Bankruptcy Right for Me?
Even when credit card debt and a costly mortgage are bringing you down, it is important to weigh all your options. For some, bankruptcy may be a last-ditch effort to wipe out debt. For others, it can be an invaluable tool that helps them get a fresh start. Your situation may differ from others. Bankruptcy lawyers can give you the advice you need to come up with a life-changing decision. It is best not to make such an important choice without first consulting experienced bankruptcy lawyers. When bankruptcy lawyers advise you, they will review your situation from top to bottom, analyzing your debts, your earnings, your properties, and everything in between.
A bankruptcy law firm with an experienced legal team may make all the difference in the world when it comes to choosing whether or not bankruptcy is right for you. If you consult with zero-down bankruptcy lawyers, no stone will be left unturned. Dealing with the clerical work of bankruptcies, knowing how to file certain documents and when, and making sure you have all your affairs in order can be challenging on your own.
If it is determined zero-down bankruptcy is the right way to get yourself debt relief, your legal representation may have you undergo debt evaluation to see if you may be eligible for several types of bankruptcies and advise you which one is better suited for you. Zero-down bankruptcy can be a scary monster to deal with but with the proper legal representation, you can slay the beast with ease.
What Type of Bankruptcies are There?
Some people mistake bankruptcy as being a catch-all process. A few people simply assume there is only one type of bankruptcy and it mimics what you would see in the board game, Monopoly. While there are many types of bankruptcies, there are two that are primarily geared at everyday people: Chapter 7 bankruptcy and Chapter 13 bankruptcy. Each of those types of bankruptcies has its own set of rules, regulations, and requirements needed to file. Chapter 7 bankruptcy is often referred to as liquidation bankruptcy. Liquidation, in the sense of a bankruptcy, means that you would have to sell off or turnover assets of value that can help you pay off your debts. This can be especially helpful when phone calls from creditors never end and you want a completely fresh start. Chapter 7 bankruptcy requires you to be below a certain income threshold to qualify. Chapter 7 bankruptcy may not be right for everyone, so it’s very important to consult with a bankruptcy attorney to make sure whether you qualify or if Chapter 7 bankruptcy is right for you.
Another type of bankruptcy is Chapter 13 bankruptcy. Instead of liquidating your assets and using that to pay off your creditors, in Chapter 13 bankruptcy, you will come up with a repayment plan stemming from the amount of debt you have in relation to your income that you will present to the bankruptcy court for approval. You may not be given help when trying to figure out an effective repayment plan so having a trusted zero-down bankruptcy attorney by your side will give you an edge in drafting a cost-effective repayment plan that not only supplies your creditors with ample funds but gives you the flexibility to continue living a reasonable lifestyle. Debt evaluation may be necessary to pinpoint just how much your monthly payments should be in your repayment plan. Unsecured debts in a Chapter 13 bankruptcy are consolidated and paid off using the approved repayment plan you propose. The major difference between Chapter 7 bankruptcy and Chapter 13 bankruptcy is the ability to retain your property in Chapter 13 bankruptcy.
Chapter 13 bankruptcy is useful if you are facing foreclosure on your home as the bankruptcy itself stops the foreclosure. Your repayment plan may include ways to make up any missed mortgage payments and can ultimately end up saving your home. If you are unsure which type of zero-down bankruptcy is right for you, consult with the law office of trusted zero-down bankruptcy lawyers to clarify which option is right for you. Remember, with a zero-down bankruptcy, you have the luxury of being able to have world-class legal counsel on your side with zero money needed upfront. Not having to pay legal fees immediately can be critical when your finances are in a bind. The flexibility of zero-down bankruptcy plans can be a valuable tool in your journey toward financial freedom.
Will I Lose My House if I File For 0-Down Bankruptcy?
If you plan to file for bankruptcy you may be stressed about losing your possessions and properties, including your home. That is a reasonable worry considering you have worked hard your whole life to be able to call yourself a homeowner. Filing for bankruptcy doesn’t necessarily mean you have to lose your home. In fact, under Chapter 13 bankruptcy, you can actually save your home by putting a stop to foreclosure.
While Chapter 7 bankruptcy may put your home in jeopardy, it is not guaranteed that you will have to give up your home in that bankruptcy. Chapter 7 bankruptcy may provide you with additional time to stay in your home by delaying any foreclosures. This extra time may make a difference in the end on whether you can keep your house or not. As always, consulting with your trusty zero-down bankruptcy attorney can help clear up any questions you may have about the status of your home in bankruptcy.
Will a Bankruptcy Attorney Give Me a Free Consultation About My Situation?
Dealing with bankruptcy hearings, handling paperwork, and stressing about the unknown can make your life miserable if you don’t have the proper help and guidance. Imagine not having to worry about the little details that make the difference in a bankruptcy. Imagine your road to debt relief being paved by a trusted bankruptcy attorney that has your best interests in mind. You don’t have to imagine. Simply reach out to the bankruptcy law firm of Israel & Gerity, PLLC for experienced representation in your bankruptcy case. Israel & Gerity, PLLC offer a 0-down bankruptcy program to give you a chance at starting fresh without paying an arm and a leg. With no need to pay legal fees, Israel & Gerity, PLLC can give you advice right away about what options may be best for you. Debt relief may only be a phone call away. Contact Israel & Gerity, PLLC at 602-274-4400 and ask about the 0-down bankruptcy program today.