Bills do not stop when you are experiencing financial hardship. The collectors do not stop calling, and your debt will not magically disappear. As a result, you may feel trapped underneath a pile of overwhelming debt you can’t pay.
It doesn’t matter how you got here. What matters is how you move forward.
Stone Rose Law can help you overcome financial hardship by providing a bankruptcy solution to give you a fresh financial start. We offer a wide range of debt settlement options to protect you from wage garnishment, debt collectors, and legal action against you. You don’t have to face bankruptcy alone. Contact us today and get legal representation from an experienced, caring Phoenix bankruptcy lawyer.
Fill out our online form or call Stone Rose Law for a free consultation from a Phoenix, AZ bankruptcy lawyer.
While consumer protection laws in Arizona shield against unfair practices, consumers can still experience legal consequences according to Arizona bankruptcy laws. Here are three ways they can come after you.:
The bankruptcy attorneys at Stone Rose Law are experienced in helping eliminate or restructure debts owed to lenders. Keep reading to discover our solutions for filing bankruptcy.
When searching for Phoenix bankruptcy attorneys, you want a lawyer who is sensitive to your situation, can guide you through the bankruptcy process, and help you make smart decisions. You also want an experienced bankruptcy attorney who knows how to work with the bankruptcy court to get the best outcome.
We help you eliminate or restructure all types of unsecured debts in Arizona, including:
| Credit card debt | Medical bills | Personal loans |
| Utility bills | Repossession balances | Old tax debts |
| Unpaid rent | Business debts | Lawsuit judgements |
Once you decide to file bankruptcy, we provide a wide range of legal services to help you eliminate debt. Here’s how we do it:
Before we declare bankruptcy, we will gather information about your financial situation to discuss which debts you can eliminate or restructure. We also provide legal counsel on how to achieve the best debt relief. Our bankruptcy attorneys help you decide whether a Chapter 7 or Chapter 13 bankruptcy is the best route.
Our legal team handles your case from start to finish. We complete and process all the paperwork, communicate with all parties, and ensure the case runs smoothly. Whether you’re declaring Chapter 13 or Chapter 7 bankruptcy, we take the burden out of the bankruptcy process.
If you don’t know what you’re doing, you can make many mistakes when discussing your case with a bankruptcy trustee, judge, or collector.
An experienced Stone Rose Law bankruptcy attorney knows how to engage all parties to come up with a fair repayment plan. We negotiate with creditors on your behalf and provide proper legal representation at the 341 meeting of creditors.
Our consultation work doesn’t end once your bankruptcy case is filed. We can also:
Our goal is to help you regain financial stability, regardless of the work needed.
While Arizona law does not require you to hire a lawyer, the courts strongly recommend at least talking to experienced bankruptcy attorneys. Debt settlements often go smoother and have more favorable outcomes when you hire a qualified bankruptcy expert.
Working with our law offices has several advantages when attempting a debt consolidation, restructuring, or liquidation bankruptcy:
Protect your financial future now. Contact our law firm and let us help you with your debt settlement strategy today. Whether you have tax debt, car loans, medical bills, or unsecured debt, we provide debt relief so that you can start over and move on.
Fill out our online form or call a Phoenix Bankruptcy Lawyer at Stone Rose Law for a free consultation.
The US Bankruptcy Code lists different types of debts you can and cannot discharge when each lender files a bankruptcy petition and attempts to collect debt. The type of debt you discharge depends on whether you file a Chapter 13 or Chapter 7 bankruptcy and what debt you have. Arizona bankruptcy lawyers help clients determine which debts they can discharge.
A Chapter 7 bankruptcy can lower your score by 130-150 points, while a Chapter 13 may decrease it by 70-100 points. The bankruptcy will remain on your credit report for 7-10 years, depending on the type.
However, your credit recovery begins immediately after filing. This dip in your credit score is temporary. Most individuals find themselves with a 600 creditor score within 1 year of filing and at 700 in two years.
In Chapter 7 bankruptcy, you liquidate non-exempt assets to pay off creditors and discharge most remaining debts. In Chapter 13 bankruptcy, you create a repayment plan to pay off debts over three to five years while keeping your assets. Our Phoenix bankruptcy lawyers can help you decide which is best for you.
Yes. The purpose of filing for bankruptcy is to provide some sort of debt relief no matter how much debt you have.
You may keep your house and car in bankruptcy if you meet certain conditions. In Chapter 7, you can keep your assets if you’re current on payments and can exempt their value or equity. Chapter 13 allows you to keep your property while catching up on missed payments through a court-approved repayment plan.
Chapter 7 bankruptcy takes about three to four months from filing to discharge. Chapter 13 bankruptcy lasts three to five years or until completion of the repayment plan. Consult a Phoenix bankruptcy lawyer to determine how long it will take to complete your bankruptcy.
Filing bankruptcy triggers an automatic stay, prohibiting creditors from continuing phone calls and harassment. Once your AZ bankruptcy attorney files the case, the court notifies all listed creditors of the automatic stay. If a creditor violates this stay by contacting you after filing, you can inform them of your bankruptcy status, and your attorney can take legal action if the harassment persists.
Once you file a Phoenix bankruptcy, you have to attend a 341 meeting of creditors. Your AZ bankruptcy lawyer will accompany you to the meeting. The bankruptcy trustee will ask you or your attorney questions. You may discuss your current debt, monthly payments, unsecured and secured debts, and reasons for financial hardship. An experienced bankruptcy lawyer can help you navigate the meeting.
The means test is a financial assessment that compares your income to the median income in Arizona. It calculates your disposable income to determine if you qualify for Chapter 7. If your income is below the state median or you have insufficient disposable income to repay debts, you pass the means test.
Once you have filed for bankruptcy, some creditors may not approve any applications for credit until your bankruptcy is discharged. However, as time goes one, you can work on rebuilding your credit.
