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Benefits of Bankruptcy

Benefits to Filing Bankruptcy

Bankruptcy Exemptions Will Protect Your Rights to Your Property

There are many benefits of bankruptcy.  If you are thinking of filing for bankruptcy, perhaps you have nightmares of strangers taking furniture or valued family heirlooms from your home.  These fears are unfounded, our Reliable Tucson Bankruptcy Lawyers will explain the benefits of filing bankruptcy.

In fact, our attorneys have helped thousands of people in Tucson, Pima County, and Arizona file for bankruptcy protection.  Furthermore, our lawyers and experienced staff have a complete understanding of the bankruptcy laws, and we will do everything within our power to help you keep your property.

Bankruptcy is not intended to punish people suffering from financial misfortune.  Arizona State and federal bankruptcy laws allow people filing for bankruptcy to exempt certain property from a bankruptcy filing.  As a general rule, you will not lose much, if any, of the property that you want to keep due to these exemption rules.  If you enlist the services of our law firm, know that we will closely examine your property to determine whether any of your property is not exempt.  We also offer FREE Consultations in which you can learn the benefits of filing for bankruptcy.  If there is property that you want to keep, we will explore all of your options. 

Call for Details About How Filing Chapter 7 in Tucson can Help.

Filing for bankruptcy in Tucson is a stressful time and a tough decision to make.  In fact, many residents in Tucson, Marana, South Tucson, and surrounding communities must decide if the benefits of filing for bankruptcy outweigh the detriments of bankruptcy.  Most of the things that you hear about filing bankruptcy surround the falsehood that there are no benefits to filing bankruptcy other than getting rid of your debt. Through the hundreds of bankruptcies that we have filed for residents of Tucson, out Tucson bankruptcy law firm has observed significant benefits to our client’s lives and happiness from the relief experienced with an elimination of their debts through filing for bankruptcy protection.

“Automatic Stay” through Tucson Bankruptcy Filing

Are creditors hounding you at work and at home?  When a person can no longer pay their bills, they will begin receiving calls and letters from creditors.  Mounting debts will eventually result in lawsuits, repossessions, bank levies, home liens and other legal actions such as foreclosure and wage garnishments. Filing for bankruptcy protection in Tucson, AZ might be the right decision for you if you are behind on your bills and your financial situation has become overwhelming.  When a person files for bankruptcy, an “automatic stay” is issued that stops any actions creditors are taking to collect the money they are owed. The automatic stay, granted immediately after filing bankruptcy, will bring immediate relief and help protect your assets.  In fact, the automatic stay is one of the many benefits of filing for bankruptcy.  The automatic stay is available in bankruptcy but not in other forms of debt relief.

Once your chapter 7 or chapter 13 bankruptcy petition is filed, an automatic stay is issued by the court, (An automatic Stay is an injunction that will stop potential and actual lawsuits, foreclosures, garnishments and most other collection actions with which you are struggling).  This initial period of relief and automatic stay gives you the mental and emotional bandwidth to begin creating their new financial future.  There is life after bankruptcy and the experienced Tucson bankruptcy lawyers at My Arizona Lawyers, PLLC can show you how to rebuild your credit after filing for bankruptcy in Tucson, Arizona.

Tucson Attorneys Providing Debt Relief Through Bankruptcy

A Tucson bankruptcy attorney from the firm can answer all of your questions concerning bankruptcy and help you to begin experiencing the relief that comes with the ability to resolve your debts.  Our Tucson lawyers will discuss the benefits of bankruptcy.  Through chapter 7 bankruptcy the entire process for those who are qualified can take as little as a few months.  Through chapter 13 bankruptcy you may be able to put off foreclosure of your home.  Chapter 13 bankruptcy will take between 3 and 5 years to complete the chapter 13 repayment process.

What Filing Bankruptcy in Tucson Can Do for You:

  • Stop Foreclosure or eviction
  • Save your car from repossession or even get it back after repossession
  • Lower your car payment
  • Protect your family home.
  • Stop Bill Payments
  • Get your debts discharged forever
  • Eliminate your second mortgage forever
  • Keep your home, cars, and all your assets
  • Protect your family’s assets
  • Stop creditor calls and harassment
  • Relieve the stress related with unpaid bills
  • Get an opportunity for a fresh start and a chance to get your financial affairs back in order

Contact our Tucson bankruptcy lawyers if you find yourself in need of financial assistance, debt relief, or if you would like additional information about the benefits of filing bankruptcy in Tucson, AZ.

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