Scottsdale Bankruptcy Lawyers

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Scottsdale Bankruptcy Lawyers

If you are searching for bankruptcy lawyers or attorneys in Scottsdale, Canterbury Law Group can help. Our team of bankruptcy lawyers can help you stop wage garnishments and settle your debt. If you are receiving constant creditor calls and are being harassed by creditors, our debt relief professionals are here for you. In most cases, our experienced and professional bankruptcy attorneys can stop or delay a trustee sale, alleviate the burden of demanding creditors, save your family home, or family business and get you on track to a fresh start.

Common queries used to find our Scottsdale bankruptcy lawyers include: Scottsdale bankruptcy attorney, affordable bankruptcy lawyers, and bankruptcy lawyers near me.

Filing For Bankruptcy In Scottsdale, Arizona

The Scottsdale bankruptcy lawyers at Canterbury Law Group are uniquely qualified to represent debtors, creditors, trustees and committees in both personal and commercial bankruptcies. Bankruptcy law provides for the reduction or elimination of certain debts, and can provide a timeline for the repayment of non-dischargeable debts. It also permits individuals and organizations to repay secured debts with more favorable terms to the borrower. The range of services our Scottsdale bankruptcy attorneys provide depends on an individual’s or a company’s unique situation but may include:

  • Business Bankruptcy
  • Chapter 7 Bankruptcy
  • Adversary Proceedings
  • Business Restructuring
  • Chapter 11 Bankruptcy
  • Creditor Representation
  • Chapter 5 Claims
  • Chapter 13 Bankruptcy

Filing for Bankruptcy Without an Attorney is Often a Mistake

When it comes to filing for bankruptcy you need a professional on your side and the Attorneys at Canterbury Law Firm have years of experience to help you.

Bankruptcy filing is a long and technical process and at times it can be very confusing and complicated. That is why having an top lawyer on your team is so important to ensuring the process goes quickly and smoothly.

Bankruptcy is not always the right choice. Some people file bankruptcy and then realize it was the wrong choice, but by then it is too late! We can make sure you avoid this error by helping you to decide what the best choice is for YOU and for your future. We can also help you with questions like:

  • How Do Bankruptcies Work?
  • What Do You Need To Do To File Bankruptcies?
  • When Should You File For Bankruptcy?
  • Who Pays For Bankruptcies?
  • And More…

Debt Settlement & Consolidation in Scottsdale, Arizona

Bankruptcy is only one option when dealing with debt. Debt consolidation or debt settlement can also help you reduce your bills.

Many times, creditors will settle your debt for much less than you owe, because they know they will receive next to nothing if you file bankruptcy. Debt settlement is not a bankruptcy proceeding. It is a payment plan negotiated by an attorney for people who can pay a percentage of their bills.

The experienced Scottsdale, Arizona bankruptcy attorneys at Canterbury Law Group have helped many people settle debts for considerable reductions without filing for bankruptcy.

If you are like millions of Americans and you cannot pay your bills, contact the bankruptcy lawyers with Canterbury Law Group. They can determine whether or not bankruptcy is the right option for you.

Business Bankruptcy

Bankruptcy allows a company to efficiently sell assets or to liquidate in a controlled manner. Just like any other business strategy, bankruptcy should be considered early enough to be a viable strategy to preserve the business’s assets and help it continue as a going concern. In other words, do not wait until the last minute.  Bankruptcy counsel should be sought weeks or months in advance of your actual filing date.  Bankruptcy can also be an important tool for assisting in an orderly wind down and liquidation of a business and its assets. In addition to the some of the strategic benefits, liquidating through bankruptcy can provide numerous benefits over merely dissolving your entity.

Filing Chapter 7 Bankruptcy

The most common form of bankruptcy in the United States, Chapter 7 bankruptcy, provides individuals with a discharge of all debt which are “dischargeable” under the Bankruptcy Code. In a Chapter 7, all of the debtor’s non-exempt assets on the petition date are liquidated through the priorities set forth in the Bankruptcy Code. At the time of filing, the bankruptcy code establishes the creation of your “Debtor’s estate” which includes all “non-exempt assets.” As a Debtor you have various duties and obligations, including significant duties of co-operation, which are owed to the Trustee. These obligations are designed to assist the Trustee in the administration of your bankruptcy estate. The bankruptcy lawyers will counsel you regarding these duties, which if followed, will make your case run smoothly. Unfortunately, many Debtors who are not fully informed of these obligations run the risk of not receiving a discharge of some or all or their debt. If you’re thinking of filing Chapter 7, here are some recommendations from our lawyers and Scottsdale legal team:

  • Complete the Mandatory Credit Counseling – Before you can file chapter 7 bankruptcy, it is essential to complete credit counseling. It is a mandatory step before you can file and often requires paying a fee. Otherwise, your filing will not be allowed.
  • File All Chapter 7 Paperwork – Complete and file all necessary paperwork in court. Make sure all of your paperwork is accurate and truthful. Determine any fees associated with your filing.
  • Meet With Your Creditors – Approximately one month after filing the petition, you will need to meet with your creditors, an arrangement made by the court. During this important meeting, your creditors will question you regarding your finances and property. Typically this meeting involves only a few people connected with the credit card companies to whom you owe your debt.
  • Attend the Personal Financial Management Instruction Course – In addition to your credit counseling course, a personal financial management course generally costs about $30 and is necessary for completing your filing of chapter 7. If you skip the money management course, you risk dismissal of your case.

Creditor Representation

Our firm’s lawyers also have broad experience in representing creditors in multiple industries including lenders, lessors, landlords, retailers, farmers and PACA claimants. If you recently received notice that one of your customers or clients is filing bankruptcy, you may have to invoke your creditors’ rights immediately in bankruptcy court to preserve your future ability to collect what is still owed to you. Time is often of the essence, call us today to schedule your consultation with an attorney about preserving your rights to be paid if notified of a pending or recently filed bankruptcy.

Chapter 5 Bankruptcy Claims

Chapter 5 in the U.S. Bankruptcy code deals with the distribution of assets belonging to the debtor, exemptions and exceptions to what type of debts can be discharged and the entire estate. The team of litigation lawyers at Canterbury Law Group in Scottsdale, AZ are professionals that can help achieve the best results possible in your bankruptcy case.

Filing Chapter 13 Bankruptcy

A Chapter 13 bankruptcy is not a per se liquidation but rather involves a restructuring of debt over a three or five-year period, pursuant to a plan which is filed with, and approved by, the court. This plan allows a debtor to pay its creditors a percentage of the amounts owed to them. Like in a Chapter 7, in a case under Chapter 13, the court appoints a Trustee. Pursuant to the terms of your Chapter 13 plan, you make one single global monthly payment to the Trustee, who then next pays the creditors their pro-rata share of what is owed.

Business Restructuring

The primary goal of a business bankruptcy is to reorganize a business, which entails a restructuring of the company’s debts so the business can continue to operate. There are many ways that this can be accomplished, ranging from selling assets to closing down sites or reducing personnel. It is critical to understand that bankruptcy affords a business the opportunity to propose and implement these changes, without the looming threat that creditors will shut the business down for good. Contact our experienced business bankruptcy attorneys for a consultation.

Filing Chapter 11 Bankruptcy

More individuals, usually with a higher net worth, are turning to Chapter 11 to solve their bankruptcy needs. The bankruptcy attorneys at Canterbury Law Group have significant experience with Chapter 11 filings, which tend to be very complex, and are capable of filing an individual case under Chapter 11 as mandated by the facts of each individual case.

Filing for bankruptcy can be an intimidating process and people are often ashamed of doing it. However, a real challenge when filing for bankruptcy is not securing the services of trusted legal representation like the bankrupcty lawyers at Canterbury Law Group. The legal process can be very demanding and tedious. Without the help of an experienced lawyer it is common to miss important deadlines, make mistakes on required forms and to misunderstand certain rules or terms which can be detrimental to your case. The bankruptcy lawyers at Canterbury law Group work diligently with bankruptcy clients to secure their fresh financial freedom in an error free and timely fahsion.

Chapter 7 Bankruptcy and Chapter 13 Bankruptcy is Beneficial:

  • If your wages have already been garnished or when a Writ of Garnishment has been attached to your bank account.
  • When Creditors are harassing you at home and/or at work.
  • If you owe Federal or Arizona states taxes and are unable to pay.
  • If your bills are more than 30 days past due.
  • When most of your current debts are ‘unsecured debts’ like credit card bills, medical bills, etc.
  • When you have already tried to negotiate you debts down without success.
  • If you want to keep your IRA and/or 401k.
  • When your Liabilities exceed your Assets
  • If there are garnishments or pending law suits against you.
  • When you have medical bills that you can’t afford that are not covered by insurance.
  • If your vehicle or other property has been recently repossessed.
  • When you are facing the probability of your utilities being shut off.
  • If you have little or no savings or money saved. You have few assets.

Bankruptcy Consultations In Phoenix & Scottsdale

The Canterbury Law Group should be your first choice for any bankruptcy evaluation. Our experienced professionals will work with you to obtain the best possible outcome in your situation. You can trust us to represent you fully, so you can move on with your life. Call today for an initial consultation.