Mesa Bankruptcy Attorney

Our Areas of Practice

Bankruptcy is a legal process that provides debtors with the opportunity to rid themselves of overwhelming debt through a variety of different methods. Bankruptcy law is delineated in state and federal statutes, and these laws provide protections to both debtors and creditors. The law was updated in 2005, under the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), in order to stop individuals and businesses without significant financial hardship from abusing the process.

An attorney from Price Law Group is available to assist you if you are considering bankruptcy as a way of eliminating your financial problems. The firm has over 20 years of bankruptcy experience, and has helped over 100,000 individuals who have struggled with mounting debt. They will thoroughly review your financial circumstances in order to present you with options that will provide you with the best chance of a favorable outcome to your debt situation. Contact Price Law Group today for assistance and information regarding the following topics:

Chapter 7
Chapter 7 bankruptcy gives you the opportunity to obtain protection from creditors and relief from considerable debt. Typically, Chapter 7 is the swiftest form of bankruptcy, with many individuals able to complete the process in as little as a few months. There are a number of qualifications that must be met before you can file for Chapter 7, including the completion of a means test.

Chapter 13
Commonly referred to as "wage earners bankruptcy," Chapter 13 allows you to achieve a fresh start financially while paying off some of your outstanding debts. The process involves combining all unsecured debts into one category, then devising a payment plan that allows you to pay towards your debt in installments, until all included debts have been satisfied.

Bankruptcy FAQ
The nature of bankruptcy is often misconstrued by individuals who are unfamiliar with the process. Far from being some form of punishment, bankruptcy actually focuses on forgiveness, and giving you a second chance to build lasting financial health. There are many facets of bankruptcy that can be explained by a knowledgeable bankruptcy attorney.

Credit Repair
Once you have completed bankruptcy proceedings, it is important that you take steps to repair and restore your credit. The Fair Credit Reporting Act (FCRA) is a law that gives you the right to remedy incorrect or false information contained in your credit report. In doing so, you can eliminate many of the negative effects of a poor credit report, such as significantly higher interest rates on loans.

Foreclosure Prevention
In a foreclosure, a lender reclaims a home or property from a borrower, in order to recoup the money owed on an outstanding loan or mortgage. This process can occur in as little as 30 days after a foreclosure notification is received. There are a number of methods that may enable you to prevent home foreclosure, including filing for bankruptcy.

Loan Modification
If you are struggling to make the monthly payments for your home or property, a loan modification can enable you to work out more favorable terms for your existing loan agreement. In light of the current economic climate, many major lenders are willing to negotiate loan modification terms with borrowers. If you are considering applying for a modification, it is in your best interest to do so with the help of an attorney.

Short Sale Negotiation
A "short sale" is defined as a homeowner and lender entering into an agreement to sell a home for less than what is currently owed to the lender. The lender keeps the full proceeds from the sale, and the homeowner is able to free themselves from unmanageable loan payments without having to endure the foreclosure process. An attorney is available to negotiate with your lender on your behalf if you are considering a short sale.

Debt Settlement
Debt settlement involves contacting a creditor and negotiating a settlement in which you pay a portion of the full debt amount owed. The creditor takes this portion in a lump sum or series of payments, and considers the debt fully satisfied. Many types of debt can be settled, including credit cards, business loans, and repossession deficiency balances.

Creditor Misconduct
Every creditor has the right to collect on outstanding debts. However, many creditors, in their attempts to collect debts, engage in misconduct that is entirely illegal. Examples of this misconduct include calling or writing debtors constantly in order to harass, threatening debtors with prison, and misrepresenting the nature or amount of debts owed.

Myths About Bankruptcy
Are you afraid that filing for bankruptcy will cause more harm than good? That is because many people only hear the myths and misconceptions regarding bankruptcy. Talk to a bankruptcy attorney today and learn what is truth and what is not.

Insurance Settlement
The purpose of an insurance company is to protect your home or business in the event of an emergency such as fire, theft, or extreme weather. However, many insurance companies will delay payment, offer low-ball settlements, or issue outright denials when faced with a valid claim. If you are having trouble obtaining a fair settlement from your insurance company, an attorney can fight on your behalf for the benefits you are entitled to.

Tax Resolution
The IRS is concerned with only one thing: collecting taxes. They will employ all manner of heavy-handed tactics in doing so, including garnishing wages, issuing tax levies, or seizing money and assets. If you owe back taxes, there are ways that you can potentially resolve the situation, including filing for an Installment agreement program, or an Offer in Compromise.

Do I Qualify for Bankruptcy?
Your eligibility for bankruptcy depends on the Chapter you are filing for. If you are filing for Chapter 7, your eligibility will be determined by a means test that accurately assesses the severity of your financial hardship. If you are filing for Chapter 13, the qualifications include having enough money to fund your payment plan, and having a debt load that does not exceed a specified amount.

How Much Does Bankruptcy Cost?
The cost of bankruptcy varies depending on the Chapter filed for, as well as your debt load. Bankruptcy courts in the U.S. have standard filing fees of $335 for Chapter 7 cases, and $274 for Chapter 13 cases. There may also be additional fees assessed during the filing process. It is important to note that the benefits of bankruptcy are likely to far outweigh the filing costs you incur.

How Can I Save My Home?
There are a number of options available that may help you save your home if you are struggling to pay your mortgage. These options include a deed in lieu, loan modification, short sale, and bankruptcy. Before you decide to pursue an alternative to home foreclosure, it is recommended that you consult with an attorney who can assist you in choosing an option that best fits your circumstances.

What is FDCPA?
FDCPA stands for "Fair Debt Collection Practices Act." This act contains a set of regulations that creditors must abide by in regards to collecting debts. Under the act, creditors are prohibited from engaging in harassing or abusive tactics in an effort to coerce debtors into paying their debts.

Collection Defense
If you are being harassed by one or more creditors who are seeking to collect a debt from you, it is important to know that you do have legal recourse. You can contact an attorney who will advise your creditors that all further communication must go through the attorney, rather than you. An attorney can also file a claim for damages on your behalf against the offending parties.

Estate Planning
Estate planning encompasses a wide variety of matters, all of them geared towards ensuring that you and your loved ones are well cared for in the future should something happen to you or a family member. If you are considering devising an estate plan, an attorney can inform you of the various options available to you, and take the action necessary to make sure that you have a firm plan in place.

Fair Debt Collection Practices Act
The Fair Debt Collection Practices Act informs creditors of the actions they may not take when engaging in collection actions, including calling debtors at unreasonable hours, making constant phone calls, representing themselves as attorneys when they are not, and using rude or foul language when speaking with debtors.

Discharge Your Debt
Bankruptcy provides you with several different ways to discharge your debt. After you pass your means test, Chapter 7 will likely allow the discharge of most of your debts in as little as a few months, barring debts acquired through fraud, student loans, alimony, and a few others. Chapter 13 allows you to discharge your debt through a payment plan that can be completed in only a few years.

Why hire a bankruptcy lawyer?

The new bankruptcy laws enacted in 2005 made filing for bankruptcy more expensive and more complicated. If you intend to file for bankruptcy, you must now complete a means test for Chapter 7, or meet a host of other requirements for Chapter 13, and your filing must be completely without error. A bankruptcy attorney can not only make sure that your financial situation calls for the bankruptcy process, but that your documentation is filed correctly and on time, increasing your chances of a beneficial outcome.