Attorneys Helping You Get Debt Relief
Bullhead City * Lake Havasu City * Kingman
Are your credit card bills, mortgage payments, medical bills or other debts piling up to the point where you can't afford to pay all of them? Are your efforts to keep up with payments only getting you deeper into a bad situation? Are you being harassed by debt collectors?
You have a right and an opportunity to make a fresh start. At the Knochel Law Firm in Bullhead, Arizona, we can help you file for consumer bankruptcy, a procedure that puts an immediate stay on lawsuits, repossession, garnishment and creditor harassment. Contact us to discuss your debt relief options with experienced bankruptcy attorneys.
Sorting Out Your Bankruptcy Options
Under the federal bankruptcy code, there are two major types of consumer bankruptcy: Chapter 7 and Chapter 13 bankruptcy.
- Chapter 7 bankruptcy discharges all your eligible debts, such as credit card debts and medical bills, as soon as the bankruptcy is approved. Under Chapter 7, the bankruptcy trustee may sell off certain non-exempt property in order to partially repay your creditors; however, some people do not end up losing any property.
- Chapter 13 bankruptcy allows you to partially repay your creditors over a period of three to five years under a trustee-supervised payment plan. After you successfully make all your payments, your eligible debts are discharged. Chapter 13 bankruptcy may allow you to keep certain property that you would lose under Chapter 7.
We will help you decide whether bankruptcy is right for you and, if so, which type of bankruptcy you should file for. We will go over issues such as whether you qualify, which debts you can discharge, how much income you can keep, and which property you can keep.
Helping You Out of Mortgage Troubles
If you are considering bankruptcy largely because of home mortgage issues, we can help you explore your full range of options for avoiding foreclosure, including bankruptcy, workouts and short sale of your home. We are familiar with the anti-deficiency statutes in Arizona, Nevada and California and the effects of these statutes on the decisions banks make about foreclosure.
You can count on our consumer bankruptcy lawyers to give you skilled assistance with your financial troubles, taking into account the specific details of your case. Contact us today.
