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Filing Bankruptcy – How Will I Know When to File?

When to Declare Bankruptcy in Phoenix, Arizona

Fotor0319115748When considering filing for bankruptcy protection in Phoenix, Arizona, you will be overwhelmed by debt and unable to make reduce your debts at a reasonable pace. You may have lawsuits filed against you, and garnishments against your wages, tax refunds, and even bank accounts.

Your assets may be threatened with seizure. You may have a lien against your house. Creditors will be calling regularly, and you will have not have the means to satisfy them.

Here are three levels of financial stress at which you should at least be considering bankruptcy:

It is time to trim expenses, negotiate with creditors, and start thinking about bankruptcy if you:

  • Only pay some bills each month and wait to pay others
  • Receive calls from collection agencies
  • Do not have health insurance
  • Have little or no savings
  • Have been out of work for a month or more

Unless you can quickly remedy the situation, plan to file bankruptcy if you:

  • Are behind two or more months on your payments for two or more debts
  • Have lawsuits pending for unpaid accounts
  • Owe taxes you cannot pay
  • Have been out of work for three or more months
  • Are using new credit cards to pay the minimums on old credit cards
  • Have high medical bills not covered by insurance

Consider Filing for bankruptcy immediately if your are:

  • Wages have been garnished
  • Bank account has been attached
  • Home is set for a foreclosure sale
  • Car has been or is about to be repossessed
  • Unemployment benefits are ending

You need not wait until these disasters happen. If you see financial problems looming ahead, you are better off filing for bankruptcy earlier than later. You will preserve more assets and your credit record will be more easily repaired.

Whether you will be filing under Chapter 7, Chapter 11, or Chapter 13, the Phoenix bankruptcy attorneys at My AZ Lawyers, PLLC can help you through this stressful experience.

We can start your bankruptcy with as little as $0 Down and offer Payment plans beginning as low as $100 are available.

If you would like to arrange for a free consultation, contact us at (602)509-0955 or via our website at https://www.phoenixbankruptcylawyer.co

Phoenix, Glendale, Mesa, Chandler, Avondale, Peoria, Gilbert, and Scottsdale
85202, 85008, 85308, 85038, 85212, 85315


Our Phoenix bankruptcy lawyers are located in Phoenix, Arizona, and serve bankruptcy clients in Scottsdale, Phoenix, Glendale, Tempe, Mesa, Chandler, Pleasant Valley, Avondale, Cashion, El Mirage, Peoria, Sun City, Sun City West, Tolleson, Youngtown, Gilbert, Queen Creek, Casa Grande, Surprise, Prescott, Marana, Tucson, Flagstaff as well as Pima, Pinal, and Maricopa County.
DISCLAIMER: The information you obtain at this Arizona Bankruptcy Law web site is not, nor is it intended to be, legal advice. You should consult a Phoenix lawyer for advice regarding your individual situation. Our Arizona Bankruptcy lawyers and staff invite you to contact our Arizona Bankruptcy Law Firm and welcome your calls, letters, and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.  Thank you for visiting our Phoenix debt relief web site.


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