Bankruptcy Overview

Filing for bankruptcy may be the best course of action if you are unable to keep up with your debt and are facing threats from creditors.  In many instances, filing for bankruptcy can:

  • Prevent creditors from contacting you or enforcing garnishments
  • Get you back on your feet
  • Structure a debt repayment plan
  • Eliminate debts
  • Help you recover from severe financial setbacks
  • Improve your credit rating
  • Allow you to finally focus on your future

You are not alone if you feel stressed and overwhelmed at the prospect of filing for bankruptcy.  The current economic crisis in the United States has caused many businesses and individuals to sink heavily into debt.  According to the United States Bankruptcy Court for the District of Arizona, the number of filings in the Phoenix district increased nearly 90% in the past year.

Bankruptcy Lawyer Services for Phoenix Arizona

National Association of Consumer Bankruptcy Attorneys

The lawyers at Discreet Bankruptcy provide personalized and compassionate bankruptcy planning and filing services to individuals, families, and businesses experiencing extreme financial difficulty. We understand the sensitive nature of this choice and are committed to protecting your interests and maintaining the discretion you deserve.

Many of our clients are simply individuals or families looking to get a fresh start.  Others are business owners searching for lawyers sophisticated enough to handle more complex filings.

Our business clients include real estate companies, retail stores, restaurants, and service companies.

Types of Bankruptcy in Arizona

  • Chapter 7 Chapter 7 bankruptcy is the most common form of bankruptcy and is often filed by individuals and couples.  This bankruptcy protection is also available to corporations, partnerships, and limited liability companies.  In Chapter 7 proceedings, a court-appointed trustee liquidates your non-exempt assets and divides funds equally between creditors.  All remaining debts are then discharged.
  • Chapter 11 Chapter 11 bankruptcy allows businesses and individuals with large amounts of debt to reorganize in order to pay off debts.  If their repayment plan is approved by the bankruptcy court, businesses are allowed to stay open while operating under a structured payment schedule.
  • Chapter 13 Chapter 13 bankruptcy is typically used by individuals and sole proprietorships who do not qualify for or desire to file a Chapter 7 bankruptcy.  It allows petitioners to keep their property and pay off their debt on a schedule over three to five years.  Petitioners pay their court-appointed trustee a set amount each month.  The trustee then distributes funds to creditors.

See our frequently asked questions page for additional information on choosing and filing Chapter 7, Chapter 11, and Chapter 13 bankruptcy petitions, as well as information about personal bankruptcy, business bankruptcy and the overall filing process.

Contact Discreet Bankruptcy for Debt Relief Assistance

A service of Radix Law, the lawyers of Discreet Bankruptcy have experience filing for bankruptcy in Arizona courts.  With offices in downtown Phoenix and Scottsdale we are ideally situated for office appointments.

Contact Discreet Bankruptcy for a free initial consultation with an attorney to see if filing for bankruptcy is right for you.