What Do You Get By Filing Bankruptcy?
If you are visiting this site, you are probably considering bankruptcy as a way of addressing your financial issues. At this moment you are likely to still wonder exactly what a petition for bankruptcy protection and relief can do for you. The simple answer is that a petition for bankruptcy gives you the opportunity to receive from the bankruptcy court an Order of Discharge or a Discharge of Indebtedness. In short, you are seeking to receive a court order that your debts, with some exceptions, are no longer collectible against you.

Filing for bankruptcy provides you and your assets with automatic protection from collection activities. Depending on the facts of your case, bankruptcy can also afford you the opportunity to avoid foreclosures by reorganizing your home loan(s). Bankruptcy will stop any sheriff's sales of your property. Bankruptcy will prevent or undo the repossession of your vehicle. Bankruptcy will stop a wage or bank garnishment garnishment.

If you file Chapter 13 bankruptcy you might be able to reduce the principal outstanding balance and interest rate on your vehicle loan. A Chapter 13 Bankruptcy might allow you to keep your home but pay only a fractional amount owing on your second mortgage or home equity line of credit.

State and Federal tax issues will also be addressed in your bankruptcy. If necessary, bankruptcy can also help organize your domestic support obligations or student loans.
As you know, there may be other options than filing a petition for bankruptcy. To find out if bankruptcy is your best option, contact me so that you may weigh the benefits and consequences of bankruptcy.

My Office
You will find that my office is not only competent to handle your case, but understanding of the fact that this is likely to be your first time through the bankruptcy process. In almost every case, individuals are not only seeking to rid themselves of debt through bankruptcy. Individuals saddled with suffocating debts are also seeking some peace of mind, a fresh start. With that in mind, my office has always taken great pride in teaching my clients about their bankruptcy matter and their bankruptcy process in general. I believe that the more you understand about the process, the earlier you are going to feel that sense of relief that you sought when you came into my office.

What most distinguishes me from other attorneys is my accessibility. Throughout your bankruptcy matter, you have my promise that I will be available to you to answer any question or calm any fear you may have about an issue in your bankruptcy case.

This office will represent individuals and businesses in Pima, Pinal, Santa Cruz, Yavapai, Graham, Greenlee, and Yuma Counties.

Often times the hardest part in this process is making that appointment. Time really does mean money when it comes to making that appointment so don?t hesitate any longer. The sooner you do, the sooner you will be on your way to getting the fresh start and peace of mind that you deserve.

Process
For consumers, petitions filed under Subchapter 7 and Subchapter 13 are the two most common types of bankruptcy case. Chapter 7 is a straight liquidation bankruptcy that wipes out your unsecured debts. Filing Chapter 7 allows you to keep many assets and then start over. Should it be determined that you should file your petition for bankruptcy relief under chapter 7 of the bankruptcy code, your case will take a minimum of four months to complete. In contrast, Chapter 13 is a wage earner repayment plan. Chapter 13 is designed to allow the debtor to repay his debts over a period of three to five years under the protection of the bankruptcy court. My office will help you determine the right chapter of the bankruptcy code to exercise.
Thanks
C.R.


The Law Offices of C.R. Hyde, PLC is a Qualified Federal Debt Relief Agency