Tucson Bankruptcy Lawyer
Bankruptcy can be a frightening experience to go through, but with the right attorney, you can ensure that your concerns are properly addressed and your case is dealt with in a timely manner. At the Law Offices of Matthew T. Foley, PLC, we are proud to offer outstanding legal representation to individuals faced with bankruptcy and other financial concerns. With the representation of our team, you can protect your home from foreclosure, stop wage garnishments, and put an end to harassing creditor calls and collection attempts. Our firm is committed to providing excellent legal counsel to individuals, families and businesses throughout Tucson, and if you find yourself facing a financial struggle, do not hesitate to contact our team. We are proud to offer guidance in any of the following situations:
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is also known as liquidation bankruptcy. Filing under this chapter can give you the chance to eliminate unsecured debts and stop harassing creditor calls. When you file for Chapter 7, all non-exempt assets can be sold to repay debts.
Chapter 13 Bankruptcy
Different from Chapter 7 bankruptcy, Chapter 13 allows individuals to keep most property and assets while still working toward becoming debt free. For this chapter, you work with a court to determine a repayment system and make payments toward debts over the course of about seven years.
In order to be eligible to file for Chapter 7 bankruptcy, you need to take a bankruptcy means test. This test examines your disposable income to determine if you are below your community's median income. If you are below the median, you may be able to file for Chapter 7 bankruptcy.
An alternative to bankruptcy, debt negotiation can is the process of discussing terms with your lender to work out a repayment system. An attorney from our firm can help you negotiate with your creditors and avoid foreclosure or wage garnishments.