At Rock Law Firm, our experienced bankruptcy legal team uses an efficient process and zero-down signing options to provide the residents of the greater Phoenix area with superior bankruptcy support.
Chapter 7 or Chapter 13 — we'll help you understand which path fits your income, your debts, and your goals, and put an automatic stop to collection calls the moment you file.
Behind on your mortgage? Arizona's foreclosure timeline moves fast, but you have real rights — including reinstatement and, in many cases, bankruptcy protection that can stop a trustee's sale in its tracks.
Arizona allows lenders to repossess vehicles without warning, but the law still limits what they can do and what you're entitled to afterward. We'll help you understand your options, including getting a vehicle back.
Hurt because of someone else's negligence? We'll help you pursue full compensation for medical bills, lost wages, and more — on a contingency basis, so there's no fee unless we win.
Wills, trusts, and powers of attorney that protect your family and keep decisions in your hands, not a courtroom's. Arizona-specific documents, built around your actual life.
We can get started on your case with no money down and, if the pre-filing steps are completed, we offer many of our clients the convenience of same-day filings and affordable payment plans. Our entire process is designed to alleviate the pressure of building debt. You have a right to stop the harassment of debt collectors and we work diligently to protect that right.
Expertise coupled with compassion — we’re the law firm you want on your side. At Rock Law Firm in Tempe, we are recognized for our skill, respected for our knowledge, and known for our friendliness. Though our commitment is symbolized by a rock, we’re the “nice guy” law firm that works for your best interest at all times.
Are you considering filing either a Chapter 7 or Chapter 13 bankruptcy to find a legal resolution to your debt? We offer help now. Find out the difference offered by the Rock Law Firm by scheduling a no-obligation, confidential consultation now.
At Rock Law Firm, we do so much more than help you file for bankruptcy. We are the “nice guy law firm” — people helping people. We understand that terrible situations happen and sometimes you have to hit rock bottom to find a way out. We harness the power of the rock of justice to find the best solutions for now and for your future. Contact us to schedule your complimentary consultation today.
Bankruptcy filing and the legal process is a fairly straightforward process. However, because it is not a process that is well discussed and most people never face it, it is a legal process that raises a lot of questions. It is important for you to learn more about the process in your area and discuss your options with a bankruptcy lawyer to determine your best approach. Here are some of the most common questions we are asked about the process.
Bankruptcy is the legal declaration that you cannot afford to pay your financial obligations. It is a financial fresh start to stop creditors from harassing you and digging you deeper into debt. Bankruptcy is a right protected by federal law and the federal court systems.
Filing bankruptcy is a viable way to stop creditors and protect you from total loss. Bankruptcy can stop the collections process and foreclosure. Bankruptcy sometimes does not discharge all of your debt and obligations. It can help you restructure your debt and consolidate it into a more management repayment plan while reducing the overall burden.
There are four different types of bankruptcy, Chapters 7, 11, 12, and 13. Chapter 7 is the most common and is structured around the liquidation of assets to pay down unsecured debt. Chapter 11 is bankruptcy for companies and organizations. Chapter 12 is reserved for farmers, and Chapter 13 bankruptcy is the restructuring and reorganization of debt without the complete liquidation of assets.
Without a review of your financial situation and analysis of your assets and liabilities, it is tough to determine. Sometimes bankruptcy is not the right option at all, and with the right financial counseling and planning, you may be able to avoid bankruptcy altogether. When you visit Rock Law Firm, we can help guide you in the right direction.
Many people who file bankruptcy come out on the other side with a fresh financial start. In Arizona, the required credit counseling and financial management courses that go along with bankruptcy filing help set people up for a better financial future. A history of bankruptcy does not destroy your future or prevent you from ever getting a loan or establishing a savings plan. However, bankruptcy can make interest rates higher and lenders a little more hesitant for a while. The right financial planning can help.
As you can imagine, there are not many people who intentionally find themselves so far in debt that they have to file bankruptcy. Many people face situations and circumstances, some that are far beyond their control, that lead them into debt. If you are facing bankruptcy, you are not alone. In fact, in the United States, nearly 800,000 people will file for bankruptcy this year. Some of the most common reasons for filing for bankruptcy include:
Many people have heard about bankruptcy and likely know a person or two who have filed for bankruptcy. Because of the varying circumstances and various options for filing and outcomes, there are plenty of misconceptions surrounding the process and repercussions. Let’s clear up a few common myths.
Most people who file for bankruptcy in Arizona will keep their home and car, but other assets may be surrendered in the liquidation process. However, it is important to understand that the bankruptcy process helps to prevent or stop the foreclosure or repossession process. What assets are sold will be determined by your unique situation and what exemptions you are eligible for.
Bankruptcy is the legal option to help structure your debt and allow you to recover. Some of your debt may be reduced or eliminated and the burden should be lighter, however, sometimes not all of your debt or financial obligations will completely vanish. Bankruptcy affords you the time to figure things out and chapter 13 bankruptcy may allow you to consolidate and reorganize your debts into a more manageable situation.
The period immediately following your bankruptcy may result in a hesitancy for lenders to offer lines of credit to you. However, there are many options for people to rebuild their credit following a bankruptcy including secured credit cards and federal housing mortgage options. It is important to take the required credit counseling and financial management courses during your bankruptcy proceedings to prevent future mishaps.
