bankruptcy

Phoenix Bankruptcy Lawyer

When facing difficult decisions, we are your trusted phoenix bankruptcy lawyer to help advise you through the bankruptcy process. Whether you’ve already filed for Chapter 7 or Chapter 13 bankruptcy or if you just started dealing with your debt collectors, we are here to provide peace of mind to yourself and your family through this challenging time.

We have 25 plus years of experience helping clients just like you that are facing bankruptcy questions due to expensive medical bills, credit card bills, a house foreclosure, and other stressful situations. Unlike other phoenix bankruptcy attorneys, we provide all potential clients with a free initial consultation to determine if it would be a good fit to work together. What we promise is our professional and honest opinion to make a strategic plan that makes the most sense for your unique situation.

While Carl Retter has gained his reputation in the Phoenix, AZ area on his ability to help clients avoid bankruptcy, sometimes there is no other reasonable choice than looking into Chapter 7 or Chapter 13 bankruptcy processes. If you haven’t filed for bankruptcy yet or are not sure if you are still in a phase where you could work on handling your debt, we specialize in debt negotiation and getting the debt collectors off your back. You can learn more about our debt negotiation services in the Phoenix, AZ area here.

The Arizona bankruptcy laws can be complex, confusing and challenging to navigate through without a professional’s assistance. It’s time to get the fresh start that you deserve, reach out to us today with a quick phone call or email and let us help you navigate the complexities of the bankruptcy processes.

How Do You Know if Bankruptcy is the Right Choice?

The bankruptcy process can be quite intimidating at first and if you have felt hesitant about filing, feeling cautious is normal and to be expected. That’s where we come in. We help put your mind at ease to deal with common concerns such as bankruptcy ruining your credit and resulting in losses on your personal property or life savings. When used the correct way, bankruptcy can allow you to keep your valuables and savings and also work towards improving your credit score overall.

Insiders in the banking and lending industries don’t want you to know the different options that you have, as filing for bankruptcy is one of the best ways to eliminate your debt. Unfortunately, the average person falls victim to debt-related lawsuits that can result in wage garnishment and even repossession if you do not make your payments in a timely fashion.

The key decision is making sure that you don’t let too much time pass for your important bankruptcy options. Get started today and reach out to our expert bankruptcy attorney located in Phoenix, AZ today. Don’t let the collection agencies come after your hard-earned money. Reach out now and we will provide our free consultation to let you know if bankruptcy may be an appropriate option for your unique situation. After that, we will walk you through all of your options and what we’d recommend getting you towards the fresh start you deserve.

While many clients aim to avoid bankruptcy unless it’s absolutely necessary, we help educate you and your family to show how it could be the best option that you may have. With your free consultation with Carl, an experienced Phoenix bankruptcy attorney, we provide you with all of the information that you will need to make an informed and intelligent decision.

Currently, the most common reasons that we see individuals resort to bankruptcy deal with credit card debts and expensive medical bills. It can become overwhelming and defeating to see high-interest credit card debt that keeps piling up with no end in sight. Additionally, with the outrageous medical costs, even with health insurance, an unexpected illness can lead to enormous medical bills that seem impossible to fully payback. The most important thing that you can do for yourself and your family when facing extremely stressful decisions like these are to speak to an expert who can guide you on how to proceed. Carl Retter is your experienced Phoenix bankruptcy attorney who will fight you and your family.

While it may seem normal to feel ashamed or guilty of considering bankruptcy, we have personally seen how it can change lives for the better. With the medical industry constantly increasing their prices for even routine procedures and the credit card companies charging interest rates of 21% and up, it’s easy to see how falling into hard times can be much easier these days. Learn more today about how you can get the fresh start you are looking for and get your life debt free by reaching out now for your free consultation.

Do I Need a Phoenix Bankruptcy Lawyer?

We’ve unfortunately seen it far too often – an individual facing the financial pressure of bankruptcy files themselves and ends up in a financially dangerous situation. The overall bankruptcy process can be overwhelming and complex. Our expert team works with your specific situation and will determine your best next steps to help.

If we decide it’s a good fit to work together on your bankruptcy case, we review all documentation to ensure all of the key disclosures are true and correct. After this, we will provide an overview of your bankruptcy situation and give you time to go over any questions that you may have about this complex and frustrating process. Our aim for all of our clients looking for a fresh start is to provide them peace of mind. We take away the headaches so that you can get back to what’s important for you and not get weighed down by confusing bankruptcy paperwork.

We provide constant support throughout the bankruptcy process and will provide periodic updates to let you know exactly where we are in the process and what it means for your specific financial situation. As we have helped various bankruptcy clients, we understand how difficult and stressful it can be on yourself and your family. Don’t risk the potential common pitfalls that can lead to foreclosure, car repossession, garnishment of wages, and other collection attempts. Let’s work together to figure out your best options according to our expert team of bankruptcy lawyers located in Phoenix.

What Are the Differences Between Chapter 7 and Chapter 13 Bankruptcies?

Chapter 7 Bankruptcy

Chapter 7 is the most common form of bankruptcy. Although the term debt liquidation is often referenced when speaking of this type of bankruptcy, the truth is that there is a large amount of exempt property that’s allowed. Based on our experience in this field, it’s very rare that an individual’s assets will actually be liquidated, and those liquidated assets will be applied to the outstanding debt. When working with the right type of attorney, individuals in Phoenix, AZ can emerge from Chapter 7 bankruptcy debt-free and with a large majority of their assets intact. This type of bankruptcy has helped clients in the past provide a true fresh start for themselves and their families.

At the Law Offices of Carl Retter, we focus on making sure that you know what property can be kept in bankruptcy before moving forward with your specific case. That being said, a common question clients have deals with who qualifies for Chapter 7 bankruptcy in the Phoenix, AZ area. Qualifications for Chapter 7 deal with an individual’s family income, size, and expenses. People who do not qualify for Chapter 7 may find Chapter 13 bankruptcy as an alternate solution to their debt challenges from medical bills, student loans, or high-interest credit card debt. If you’d like to know if your specific debt challenge qualifies for Chapter 7, reach out now to receive your free consultation with bankruptcy expert, Carl Retter now.

Although Chapter 7 impacts unsecured and secured debt differently, it allows for the discharge of the large majority of debt issues that most individuals are faced with. It works to eliminate a large majority, or all, of medical debt and credit card debt. Chapter 7 does have provisions that state that student loans, past-due child support, a few other exceptions cannot be eliminated through this type of bankruptcy.

Chapter 13 Bankruptcy

Chapter 13 bankruptcy is also known as the wage earner’s plan. It provides individuals with the option to consolidate and reorganize their debts by creating a payment plan for how each creditor will be repaid. The assets and property that can be kept is not an issue during this type of bankruptcy, as individuals are permitted to retain their assets but property exemption laws do not factor into what must be repaid to creditors pursuant to the specific terms and details of the repayment plan that is created. An important note is that the repayment terms must abide by the requirements under Title 11 of the United States Bankruptcy Code.

At the Law Office of Carl Retter, we work to assist people throughout the valley in the Phoenix, AZ area with Chapter 13 bankruptcies, if that is their best option. This specific type of bankruptcy is often used by those who do not qualify for Chapter 7 bankruptcy, or by those who’d like to protect their property that could be liquidated under Chapter 7 provisions.

There are several factors that help to create the amount paid monthly with the specific repayment plan under Chapter 13 bankruptcy. The first factor is how much money is owed and the type of secured and unsecured debt that is involved for each respective creditor that is involved. Another factor is also the disposable income that the individual has. An important note is that under Chapter 13, it is not necessary to require all creditors need to be paid in full. A plan can even be approved by a court even if it only includes repaying a small percentage for certain types of outstanding debts. Most Chapter 13 repayment plans only pay back a small percentage to the unsecured creditors that are involved.

To give an example, an individual may have accumulated thousands of dollars of medical debt, credit card debt, and other types of debt that are required to be paid each month, but only a few hundred that they currently have access to in disposable income. Chapter 13 bankruptcy would be a great option for this individual as it only allows to pay back as much as possible with what they have leftover after their expenses are taken care of, and only pays the disposable income forward. Chapter 13 also provides the following assistance to those dealing with the stresses and frustrations of debt piling up:

  • Stopping creditors from harassing them and their families
  • Stoping foreclosure on their property
  • Stopping wage repossession and garnishment
  • Stopping the IRS

All of this information can be overwhelming and difficult to process – that’s where we come in. We leverage our decades of experience and provide you with a free consultation with our bankruptcy expert, attorney Carl Retter. He will go over your specific case with you to determine which next steps would make the most sense to work towards getting you debt-free and back in control of your finances. Ready to get started? You can reach out to us via email or phone right now! We are conveniently located in Phoenix, Arizona if you’d like to stop by our office at the following location.