Filing for bankruptcy is a difficult decision. Chances are, you haven’t considered it lightly. You likely want to get it over and done with, but far too many people approach chapter 7 or chapter 13 bankruptcy too hastily. Investing in an experienced bankruptcy attorney is a must. It can help you save more in the long run and assist in making the right decisions during financial recovery.
When filing for bankruptcy, you have to negotiate with creditors. It isn’t as simple as filing some paperwork to instantly forgive all debts. Chapter 7 does allow for more debt to be dropped, whereas Chapter 13 focuses on paying back what you can. Either way, the need for a strong negotiating attorney on your side can end up saving you thousands of dollars, if not more. If you don’t have an attorney, creditors will attempt to strong-arm you into paying back more, not to mention you’ll have to deal with them personally. In order to avoid the headache and cut the amount of money you might have to pay back, hire the best bankruptcy lawyer in AZ.
Understand the Pros and Cons
Experienced bankruptcy attorneys in AZ can help you completely come to grips with what is going on. You’ll be informed as to what will happen to your credit score, the kind of debt you can drop and also receive advice as to how you can build your credit score back up. Not all forms of debt can be forgiven. Some debt, such as child support and student loans, can’t simply be washed away when filing for bankruptcy. It is actually possible most of your debt can’t be forgiven, which would make filing for bankruptcy the wrong move for you. An Arizona bankruptcy lawyer can go over all of this with you so you know exactly what is going on.
Filing for bankruptcy is never an easy decision. However, you need to ensure it is the right one by hiring a Phoenix bankruptcy attorney. Trying to go at it alone sets you up for failure. With over 22 years of experience, The Law Office of Larry Karandreas can help you begin your new financial journey with a fresh start.