Find a Bankruptcy Lawyer in Glendale, Arizona

Glendale Bankruptcy Lawyers, AZ

Find the Right Lawyer Now

In Glendale, Arizona, bankruptcy is a court procedure in which a person or business has some or all of their debts excused (or "discharged"), theoretically allowing them to start with a clean slate, and move on with their lives no longer drowning in debt (and hopefully having learned to better manage their use of credit in the process). Of course, one should never view bankruptcy as a "get out of debt free" card, allowing someone to be relieved of their requirement to pay their debts just because they don't want to. It is meant to serve as a lifeline, preventing uncontrollable debt from resulting in complete financial ruin. Accordingly, it is best treated as an option of last resort, because it can carry with it significant negative consequences, which must be weighed against the possible benefits. For example, filing for bankruptcy can heavily damage a person's credit rating.

Accordingly, it might be a good idea to consult with a Glendale, Arizona bankruptcy attorney. Your lawyer will be able to counsel you about your options, including alternatives to bankruptcy, if such alternatives exist in your case. Whatever the result, it is often difficult to foresee the long-term consequences of any bankruptcy-related decisions, so the advice of a bankruptcy in Glendale could prove invaluable.

Find a Glendale Lawyer that Specializes in Your Area of Need:

Types of Bankruptcy in Glendale, Arizona

In Glendale, Arizona, there are three basic bankruptcy schemes that are most commonly used. They are known as Chapter 7, Chapter 13, and Chapter 11. Being a product of federal law, the procedural rules governing bankruptcy in Glendale, Arizona will be very similar to those in any other part of the United States. Chapter 7 bankruptcy, or "liquidation," requires the debtor to sell some of his or her property to the highest bidder, and using the funds from the sale to pay down as much debt as possible. Once the sale is complete, all dischargeable debt is deemed paid in full, whether or not the sale was able to raise the full amount owed. You should note that some property (usually the types of property deemed essential) is fully or partially exempt from liquidation, meaning that the debtor gets to keep it. This includes houses, cars, and retirement accounts, among others. Some types of debts, however, cannot be discharged in bankruptcy, including taxes, child support, and student loans.

Under Chapter 13 bankruptcy in Glendale, most of the debtor's debt is not discharged. Instead, the bankruptcy court, working with the debtor and participating creditors, work out a payment plan that allows the debtor to pay off most of his or her debts over a longer period of time, thereby theoretically making the debt far more manageable. Once a payment plan is approved by the court, creditors are prohibited from attempting to collect payment under their original agreements that gave rise to the debt in the first place. Though Chapter 11 bankruptcy can be used by individuals, it is almost always used by businesses. Similar to Chapter 13, Chapter 11 involves restructuring of debts, rather than complete discharge. The debtor is required to come up with a restructuring plan that lays out how it plans to cut costs, streamline operations, and pay its debts. The plan must then be authorized by a vote of participating creditors.

During the Chapter 11 process, a business can usually continue its operations, and the stock can be traded, even if it is de-listed from a major stock exchange.

How Can a Glendale Bankruptcy Lawyer Help?

The need to weigh all the options and consider the costs and benefits of applying for bankruptcy in Glendale cannot be overstated. If you are considering filing for bankruptcy, it would be a good idea to speak with a Glendale bankruptcy attorney beforehand.

255 Bankruptcy, Banking and Credit cases posted to LegalMatch lawyers in Glendale

Bankruptcy Attorneys in the Largest AZ Cities

Show Arizona Cities

Life in Glendale

Glendale, Arizona is a beautiful residential community located west of Phoenix, Arizona.  For those who think there is nothing to do in residential communities, Glendale proves them wrong!  Glendale has a variety of sites for tourists to visit, and plenty of things for people to do.

Glendale is home to many attractions that exploit the beauty of nature.  For instance, Historic Sahuaro Ranch is a 17 acre property with seventeen ranch buildings to tour, along with a beautiful rose garden.  Popular events such as the Antique Tractor and Engine show are held in this venue.  

For all the sports fanatics out there, Camelback Ranch is located in Glendale.  This ranch is known because the Los Angeles Dodgers and Chicago White Sox share this venue for spring training during baseball season.

To accommodate the needs of those who love the outdoors, Glendale has a very popular attraction known as White Tank Mountain Regional Park.  White Tank Mountain Regional Park has approximately 21 miles of hiking and biking trails, with one that even has a waterfall!  For children, the park has hiking and biking trails that are of lower levels of difficulty, as well as Petroglyph Plaza for children to express their creative skills.

The Xeriscape Botanical Garden, considered one of the best demonstration gardens in Arizona, has over 1,000 types of desert plants over 4 acres.  The garden also has many walking paths so that visitors can stroll and enjoy nature.  Tourists can also enjoy the walking and hiking trails at Thunderbird Park.  The park, located over 1,000 acres of dessert preserve, has picnic sports and horseback riding along with the trails for hiking and walking.  

Other popular attractions in Glendale include Arrowhead Town Center and Westgate City Center, two great places to catch a movie, eat at delicious restaurants, or shop till you drop!

With Glendale being very near to Phoenix, Glendale residents have the opportunity to access the Phoenix legal market for their needs.  Many attorneys and major law firms have offices in Phoenix, Arizona.  Therefore, Glendale residents can rely on the best firms with the sharpest legal minds to handle their legal needs.  

Bankruptcy Lawyers in Other Arizona Cities and Towns


Find the Right Lawyer Now

Need a Bankruptcy Lawyer?

No obligation - Lawyers compete for your case. Choose your issue & get started now: