Arizona Bankruptcy Attorney Working to Help You Keep Your Property
Many people are hesitant to file for bankruptcy because they are afraid that they will automatically lose everything they own in the process. If you are filing for bankruptcy and have certain property that you would like to keep, you may be able to do so as long as you can keep up with the payments going forward.
The signing of a reaffirmation agreement allows you to keep assets like a home, a car or a boat. By reaffirming a debt, you commit to continuing to make regular payments just as you did when you made the initial purchase. You are re-committing to a long-term payment plan, so it is important to consider whether an asset that comes with several months of payments is really worth keeping.
Helping Tucson Clients Find the Right Debt Relief Solution
At the Law Offices of Farnsworth Mortensen, PLLC, our Phoenix bankruptcy reaffirmation agreements attorneys have worked with many clients with a broad range of these matters. The new bankruptcy law in 2005 resulted in a number of requirements regarding reaffirmation agreements, and it can sometimes be a complex process. Our lawyers will work to ensure that everything goes smoothly and that your interests are protected at all times.
The reaffirmation agreement must be completed prior to receiving the discharge in your bankruptcy case. If you change your mind, you may rescind the agreement at any time prior to receiving your discharge or within 60 days after filing it with the court, whichever is later. We will help you understand your options and work to ensure that you are in the best possible situation as you move into this new chapter of your life.
Helping You Get Back on the Right Path
The decisions made during your bankruptcy process will have a significant impact on you for many years into the future. When you hire our firm, we will take the time to explain all your options as well as the pros and cons associated with each one. Contact our office today to schedule a free, no obligation consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
