Catalyst Law is Arizona’s preeminent bankruptcy resource. Our team of bankruptcy lawyers has years of experience helping people and businesses navigate Chapter 7, Chapter 11, and Chapter 13 bankruptcies.
Bankruptcy is too important to get wrong. Oftentimes it’s the people who hire second-rate, inexperienced lawyers who get into trouble in their bankruptcy cases. Some other lawyers are so desperate that they’ll pay your fees for you – don’t fall for it! Their “free” gimmick is too expensive.
When you team up with Catalyst, you can rest assured that you’re getting a comprehensive, creative solution to your problem. The attorneys at Catalyst have filed hundreds of bankruptcies and are known for using creative solutions to resolve complicated situations. In fact, other bankruptcy attorneys in Arizona often refer their toughest cases to Catalyst. We have seen almost everything and worked on all types of bankruptcies, including complex bankruptcy litigation matters.
Our bankruptcy lawyers have presented multiple years at the annual Arizona State Bar Convention, are alumni members of the Arizona Bankruptcy Inn of Court, and have instructed continuing legal education seminars for the State Bar of Arizona and Arizona Consumer Bankruptcy Counsel.
Contact us now for an immediate consultation with one of our experienced bankruptcy lawyers!
Filing Chapter 7 Bankruptcy
A Chapter 7 bankruptcy eliminates away most debts, including credit cards, payday loans, repossession deficiency balances, most judgments, some tax obligations, and personal loans. Most people who file Chapter 7 keep many of their assets and personal possessions after filing chapter 7.
State and Federal law dictate what assets are exempt from creditors and the Bankruptcy Trustee. Catalyst attorneys will advise clients what property you get to keep and what property may be at risk. Typically, debtors keep their homes, cars, clothes, furniture, wedding rings, 401(k), IRA cash value life insurance policies, and annuities. Also, you can view a list of Arizona Bankruptcy Exemptions for more information.
Filing Chapter 13 Bankruptcy
Some people have too much income or too many non-exempt assets to use a Chapter 7. Those people may choose to file a Chapter 13. A Chapter 13 does not immediately give a person a fresh start, rather a Chapter 13 typically lasts from 3 to 5 years and consists of a person making regular monthly payments to a Bankruptcy Trustee assigned to the case. Typically, your payment to the Trustee will not exceed the amount of income that is left over each month after you pay your bills. If a person makes all scheduled payments to the Trustee, at the end of the Chapter 13 term (3 to 5 years) any unsecured debts that remain are discharged and you are free from the obligation to pay any unpaid debt–just like in a Chapter 7.