Estate, Probate & Tax Law Attorneys
Mesa │ Tucson │ Scottsdale AZ

Struggling With Your Debt? Let a Mesa Bankruptcy Lawyer Provide Relief

A bankruptcy attorney can help you with a financial reset

Mesa bankruptcy lawyer Whitney Coats, who works Of Counsel with Brown & Jensen, understands some people are in need of a financial reset. Bankruptcy may have once been a dirty word, but in this day and age, it's just a means of reorganizing or eliminating debt.

If you're struggling with your debt, you may not be able to pay all your bills. You may be afraid of losing your car or your home, and you might think bankruptcy is a last resort that will ruin your credit.

Mesa bankruptcy attorney Whitney Coats can help you out from under the weight of what you owe and explain your options to help you get your finances back on track. Contact us today for a consultation.

    Contact Us

    Understanding Arizona bankruptcy laws

    There are two typical types of individual bankruptcy: Chapter 7 bankruptcy and Chapter 13 bankruptcy. The main difference between the two is that Chapter 7 bankruptcy allows you to eliminate unsecured debts entirely, whereas Chapter 13 bankruptcy reorganizes debts and gives you additional time to pay back your creditors.

    The laws surrounding both Chapter 7 and Chapter 13 bankruptcy are complex, and you may not be sure whether you qualify for each option. What's important to understand is that if you are overwhelmed by debt, there is likely a way out, and Mesa bankruptcy lawyer Whitney Coats can help you understand your options during a consultation.

    Common misconceptions about bankruptcy

    Myth: Bankruptcy will ruin your credit forever. Bankruptcy remains on your credit report for seven years. While this may seem like a long time, the truth is that continuing to struggle with overwhelming debt will likely harm your credit for far longer. Discharging or reorganizing your debt through bankruptcy may be the first step toward eventually rebuilding your credit.

    Myth: Bankruptcy is just for lazy people. Nearly one million people declare bankruptcy every year, and most of them are hardworking people. Circumstances beyond the debtor's control, such as medical bills, often lead to bankruptcy. Others are victims of predatory lending schemes. Some people declare bankruptcy because of honest mistakes.

    Myth: Bankruptcy will cause you to lose your home, your vehicle or other prize possessions. While you may have to liquidate some assets, depending on the type of bankruptcy, the goal is not to leave you destitute. The goal of bankruptcy is to help you rebuild your life, and taking away your home or your car is not likely to help achieve that goal.

    This may be your lifeline. A bankruptcy lawyer can help.

    No one expects to end up declaring bankruptcy but we've seen many times that this financial reset can be a key step toward building a happier, financially stable life. If your debt is overwhelming and you're considering declaring bankruptcy, our law firm can help. Contact us today for a consultation.

    3850 E Baseline Rd #112
    Mesa, AZ 85206
    (480) 447-7107
    7473 E. Tanque Verde Rd
    UNIT 100
    Tucson, AZ 85715
    (520) 822-8239
    9375 E. Shea Boulevard
    Bld 100, #214
    Scottsdale, AZ 85260
    (480) 771-2261
    1300 North McClintock Dr
    Suite B4
    Chandler, AZ 85226
    (480) 418-8641
    14441 W. McDowell Road
    B102 Suite E
    Goodyear, AZ 85395
    (623) 232-0674
    14050 N. 83rd Ave
    Ste 290H
    Peoria, AZ 85381
    (623) 900-1823
    40 N. White Mountain Rd
    Suite A
    Show Low, AZ 85901
    (928) 813-0417
    630 E, AZ-260
    Suite B
    Payson, AZ 85541
    (928) 478-8833