At Canterbury Law Group, we believe that no one should feel embarrassed or ashamed when having to file bankruptcy. Bankruptcy has been a significant issue in society since the very beginning, as our founding fathers rejected the idea that a person should be saddled with their debts for life. That’s why the founding fathers included bankruptcy as a fundamental right for all United States citizens.
Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes to creditors. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.
At Canterbury Law Group, we help our clients understand Scottsdale bankruptcy rules and exemptions as well as expose the myths commonly associated with bankruptcy. Filing for bankruptcy in the phoenix land area can settle your debt. We also help you decide which options to debt relief fit your situation the best. Our firm can assist you in putting an end to any of the following:
- Wage Garnishment
- Collection Lawsuits
- IRS Problems
As Scottsdale bankruptcy attorneys, we often find that clients are surprised at learning they can keep assets when filing bankruptcy.
These assets may include:
- Your home (even with mortgages) – Equity in your home (up to $150,000 per person)
- Your qualified retirement plans – (IRAs, 401Ks, etc.)
- Most day-to-day personal property – (furnishings, televisions, clothing, autos.)
Let our dedicated legal experts evaluate your financial situation and determine the best course of action needed to provide you with a fresh financial start.