Bankruptcy Lawyer in Phoenix, Az
At Laura Eckstein Law, we view bankruptcy as a chance for a new beginning for you, your family, and any of the loved ones you support. Since 2009, we have helped thousands of Arizona families, just like yours. We know the kinds of burdens that amassing debt can cause, but you do not have to manage it alone. Let our experienced bankruptcy attorney in Phoenix help you explore your options, guide you through key legal processes, and advocate for your best interests every step of the way.
Call (480) 300-3026 or send us a message online to schedule an in-person or virtual consultation. We serve clients in Phoenix and Scottsdale.
Chapter 7 vs. Chapter 13 Bankruptcy
There are two main types of consumer bankruptcy: Chapter 7 and Chapter 13. Chapter 7, also known as “straight bankruptcy,” can eliminate unsecured debt like credit cards, medical bills, and personal loans. Those who qualify for this type of bankruptcy can keep what is called “exempt property” but may have to liquidate “non-exempt property” to pay off debts. Examples of exempt property include up to $150,000 in home equity, vehicles, trade tools, clothing, appliances, retirement accounts, life insurance policies, and others. Examples of non-exempt property include second homes, rental properties, stocks, and vehicles that are worth more than $6,000.
Chapter 13 is often called “reorganization bankruptcy.” A person filing for this type of bankruptcy will develop a payment plan to repay some or all their debts over a period of three to five years. It allows filers to keep their property, regardless of exemption status.
Some of the advantages of filing for Chapter 7 bankruptcy include:
- Immediately halting debt collectors’ contact efforts
- Stopping wage garnishment
- Allowing filers to keep assets they received after filing
- A speedy turnaround time — most filers can completely discharge their debts in three to six months
For Chapter 13, the advantages include:
- Being able to keep all non-exempt and exempt property, so long as the filer fulfills their payment plan
- Reducing debt
- Putting a stop to debt collectors and wage garnishment
- Preventing foreclosure
- Receiving more time to pay debts such as back taxes or child support, which cannot be discharged
- Being able to file more than once
Read What They Say About Us
"Laura is the best lawyer I could have asked for. She went beyond what anyone else would have."Laura was able to help us get the law to work in our favor to help protect my family. I cannot thank her enough. She is amazing.- Kashel C.
"Laura is great and I would highly recommend her as an attorney!"She is very on top of everything and has been available for questions and last minute issues. She is professional but is not condescending when her clients, or others, aren't legally trained.- Alexia W.
"If you need an attorney who is responsive, quick witted, and fierce contact Laura!"Laura and her team were devoted from the beginning of the case to the end. Laura Eckstein Law is exactly what you need to face whatever challenges you may need.- Hilary W.
"Thank you Laura and Cory for your hard work and determination."I would 100% recommend Laura for any legal issue you may have. She is a fighter who does not give up and makes results happen.- Nathan B.
"Laura Eckstein Law is by far the most professional and knowledgeable Law Firm I have ever worked with in my 25 year municipal career."Not only is Laura one of the best attorneys I have personally dealt with, she also operates with a stringent moral compass and strives to serve her clients with an elevated approach.- Dan L.
"Laura and her team are efficient, kind and knowledgeable."They help you understand all the aspects of their work and make you feel like you’re important and your problem matters.- Tina B.
"I would recommend her to anyone looking for an attorney that has their best interest, thanks Laura!"Laura went above and beyond for me, and I’m so grateful to her helping me through such an emotional and financial process.- Ishmar A.
"Laura was always personable and very knowledgeable, I want to say thank you for helping to resolve my case quickly."I know that no matter what happens, I have someone on my side fighting for me. Thank you for representing me. I am forever grateful.- Lenny W.
How to Determine Which Type of Bankruptcy Is Right for Your Situation
If you are considering filing for bankruptcy and want to know what path would be best for you to take, your first step should be consulting our experienced attorney at Laura Eckstein Law. We can review your financial situation and offer counsel for which type of bankruptcy would be most advantageous.
During our consultation, we might ask you questions about your income, expenses, assets, and debts. Then, we can use this information to make a recommendation for how you can discharge, restructure, or reduce your debt; keep valuable assets; and move forward with your life.
Your Options for Student Debt Relief in Arizona
Our experienced attorney can help you find a solution for managing your student debt. There are several avenues to accomplish this, including consolidation, establishing income-driven repayment plans, seeking loan forgiveness, or filing for bankruptcy. To find out more about these options, visit our “Student Debt Relief” page.
If you are looking to get a fresh start from your debts, turn to Laura Eckstein Law. After 25 years of practice, our bankruptcy attorney in Phoenix has earned a reputation for working tirelessly for her clients. To schedule a convenient time to speak about your situation and begin developing an individualized strategy, reach out to us today.
Give us a call at (480) 300-3026 or connect with us online.