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Posted: Thursday, February 8, 2018 9:04 AM


Bankruptcy - How will I know when I need to file bankruptcy?

(File Bankruptcy Now... PAY LATER!)

Bankruptcy - How will I know when I need to file bankruptcy?

$150 Down in Legal Fees to File Chapter 7
$250 Down in Legal Fees to File Chapter 13 Bankruptcy

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

File for bankruptcy immediately if your:

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 them 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 bankruptcy attorneys at MY ARIZONA 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 480-833-8000 or via our website at

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

Additional Information at:

1731 West Baseline Rd. Suite #101, 85202    google map | yahoo map

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