Know the Limits of Bankruptcy
While bankruptcy can address a broad range of debts, not every kind of debt can be discharged, restructured or eliminated. Knowing what you can and cannot do through the bankruptcy process from the start is a critical step to making the right decision.
At the Law Offices of Farnsworth Mortensen, PLLC, of Tucson and Mesa, we help you get the facts so that you can fully employ the bankruptcy process to help create a better financial future. When you become our client, our entire team of attorneys, paralegals and support staff collaborate with you to identify the debts we can help you deal with, and we make sure you understand the debts that bankruptcy cannot address.
We do all this before taking a single step forward, so you have a clear expectation of what your financial future will look like and how we can help make it better.
Arizona Lawyers Helping You Get Debt Relief
Chapter 7 and Chapter 13 bankruptcy are well-equipped to handle a broad range of debt concerns. Among those kinds of debts that bankruptcy frequently addresses are credit cards, medical bills, mortgages, car loans and other unsecured debts.
However, there are some kinds of debt that bankruptcy is not always equipped to restructure or eliminate. These debts can include:
- Support obligations (child or spousal)
- Student loans
- Certain kinds of tax debt
- Criminal penalties
How these kinds of debts will impact your options under bankruptcy depends from one person to the next. The important thing to do if you are facing a financial crisis and want to know whether bankruptcy can help you is to talk with a trusted professional. Our team will sit down with you, look at all aspects of your case, and give you an honest appraisal of your situation and what options we can make work for you.
The First Step Is to Get the Facts
Before you make any decision, be sure you know what options are open to you and how those choices will put you back on track to a more secure financial future. At the Law Offices of Farnsworth Mortensen, PLLC, we offer a free initial consultation so you begin getting the facts about what options are and are not available under bankruptcy.
To set up an appointment with one of our lawyers, please call 480-820-3600 or 520-298-3300 or reach our office online.
