Best Bankruptcy Lawyers in Phoenix

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Coppersmith Brockelman PLC
Phoenix, United States

Founded in 1995
50 people in their team
English
At Coppersmith Brockelman, we believe that law firms have too many rules.  Here are ours:  Work at the highest level of our profession.  Think creatively and find practical solutions.  Do the right thing.  Maintain our sense of humor.  Build community - with clients,...
The Jenkins Law Firm
Phoenix, United States

16 people in their team
English
We are a full service Christian law firm that handles individual and business bankruptcies, personal injury, landlord/tenant representation, enforcement of collection remedies, debt settlement negotiations, small business law (including formation, contract drafting and negotiation),...
Engelman Berger, PC
Phoenix, United States

Founded in 2000
50 people in their team
English
Engelman Berger is comprised of experienced lawyers who are well recognized for their expertise and commitment to resolve commercial disputes and assist clients in preventing legal problems through proper planning. The firms’ clients are national and local lenders, borrowers, lessors, tenants,...
Burch & Cracchiolo, P.A.
Phoenix, United States

Founded in 1970
200 people in their team
English
About Burch & CracchioloNow with 50+ law professionals in its Phoenix office, Burch & Cracchiolo, P.A. is one of the Southwest's premier law firms. Our firm was founded 54 years ago by Haze Burch and Dan Cracchiolo, both now deceased. Today, our lawyers are among the most highly...
Stinson LLP
Phoenix, United States

Founded in 2002
985 people in their team
English
Complex legal challenges are best approached with sharp insight and creative solutions. At Stinson, our attorneys combine industry knowledge and business acumen to deliver practical legal guidance to clients ranging from individuals to privately-held enterprises to international corporations. We...
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About Bankruptcy Law in Phoenix, United States

Bankruptcy law in Phoenix, and across the United States, is a complex field that is regulated by both federal and state laws. Bankruptcy provides a way for individuals or businesses overwhelmed by debt to potentially erase some of their debts or make a plan to repay them. The main legislation overseeing bankruptcy in Phoenix is the Federal Bankruptcy Code, which is uniform across the U.S. However, Phoenix also has state-specific rules, particularly concerning bankruptcy exemptions.

Why You May Need a Lawyer

If you're overwhelmed by debt, a bankruptcy lawyer can help you navigate the intricate legal complexities of declaring bankruptcy. They can provide advice on whether bankruptcy is the right solution for your situation, the type of bankruptcy that would best suit your needs, and how to file for it. Furthermore, a lawyer can also represent you at court meetings and deal with your creditors.

Local Laws Overview

While bankruptcy law is primarily federal, certain aspects are determined at the state level. In Phoenix, these local laws primarily revolve around 'exemptions'. Exemptions dictate what property you are allowed to keep during Chapter 7 bankruptcy and affect how much you have to repay creditors under Chapter 13 bankruptcy. For instance, Phoenix has a homestead exemption that protects equity in your home, a vehicle exemption, and personal property exemptions among others.

Frequently Asked Questions

1. What are the types of bankruptcy I can file for?

The most common types are Chapter 7, where some of your property might be sold to repay debt, and Chapter 13, which creates a repayment plan for your debts.

2. How does bankruptcy affect my credit score?

Bankruptcy will significantly impact your credit score and can remain on your credit report for 7-10 years. However, if managed well, you can start rebuilding your credit over time.

3. Can declaring bankruptcy stop foreclosure on my home?

Yes, filing for bankruptcy can temporarily halt the foreclosure process, and under Chapter 13, you may be able to make a plan to repay the missed payments on your home.

4. What is the cost of filing for bankruptcy?

The exact cost will vary depending on various factors including the type of bankruptcy filed and attorney fees. It's wise to discuss this with your potential lawyer.

5. Will I lose all my assets if I declare bankruptcy?

No, with the help of Phoenix’s bankruptcy exemptions, you should be able to keep some or all of your assets.

Additional Resources

For additional support and resources, consider learning from the U.S. Trustee Program in the Department of Justice, Phoenix's Legal Aid Organizations, or doing some personal research through the Federal Bankruptcy Court's main website.

Next Steps

Each bankruptcy case is unique, so professional advice is important. Start by gathering all your financial details-debts, income, assets, and expenses. Then, consult with a bankruptcy attorney in Phoenix. They will provide advice tailored to your individual circumstances and guide you on the best course of action. Additionally, they can handle paperwork, meet court deadlines, and ensure you comply with all legal requirements, helping to alleviate stress during a challenging time.

Lawzana helps you find the best lawyers and law firms in Phoenix through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Bankruptcy, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Phoenix, United States - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.