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Arizona Bankruptcy Attorneys


Financial turmoil is often overwhelming and seeking out legal counsel that understands your situation and who can help explain in simple terms your legal and financial options will help to elevate some of the stress you are feeling. Rafael Tirado & Associates is a Debt Relief Agency and we help people file for relief under the Bankruptcy Code. We also help people avoid bankruptcy with strategies that protect your rights and help to equip you with the knowledge needed to give you an advantage in dealing with your creditors.

Bankruptcy relief may be the best resolution to your financial difficulties is to file for bankruptcy. Our attorneys can help you understand your options, file bankruptcy notices, negotiate with creditors, and find the best way to hold onto assets while in repayment.

CHAPTER 7 – Debt Liquidation

A Chapter 7 bankruptcy can give you a financial fresh start. Some of your assets may be liquidated to pay debts, but with proper pre-bankruptcy planning with an experienced and dedicated attorney, most, if not all, of your personal possessions can be preserved. This type of bankruptcy is available to individuals who either pass a "means test" or who qualify under the median income rule or as a non-consumer debtor.

A Chapter 7 bankruptcy can quickly wipe the slate clean, discharging all your debts. It is also available for businesses; although with proper guidance a business may be able to wind down without bankruptcy. Only after a frank discussion with an experienced bankruptcy lawyer can you discover whether a Chapter 7 is best for you or your business.

CHAPTER 13 – Wage Earner Plan

If you opt to file a Chapter 13 bankruptcy, you create a payment plan, similar to a budget, that lasts approximately 3 to 5 years. Any creditor not paid during the plan may be discharged at the end. This means you will not be liable for those debts after your bankruptcy. With a Chapter 13 you may even be able to strip a second mortgage off your house, cram down car loans to a lower balance, lower interest rates, and eliminate a lot of debt. All payments are made under the supervision of a trustee and the bankruptcy court.

Give us a call today and we will help explain your options in more detail and determine if the Bankruptcy laws can help to eliminate the heavy financial burden you are facing.

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