The coronavirus pandemic has negatively affected the financial health of many individuals, families and businesses. There are millions of people in the United States who are struggling to pay for even the most basic of expenses. If you are one of these people, then the thought of filing for bankruptcy may have crossed your mind. You may have done research on filing for bankruptcy during COVID-19 or have asked yourself the question, what impact will the coronavirus have on my ability to file for bankruptcy?
At Pearson Law, Scottsdale bankruptcy lawyer Karl Pearson
can help you answer these questions and provide you with assistance during this difficult time. He understands the added stress the coronavirus pandemic brings to each legal matter and will do everything he can to calm your anxiety and give you the respect and personalized attention you deserve.
Attorney Karl Pearson has experience handling a wide range of bankruptcy cases for his clients. Many of these cases involve emergency situations, including foreclosure and repossession. If you are looking for an experienced and professional bankruptcy attorney near Scottsdale, AZ, then please call or contact us online to schedule a free initial consultation. It is important to know your options before deciding whether to file for bankruptcy. Having a Scottsdale bankruptcy attorney on your team can make the decision making process much easier and increase your chances of success.
Is Bankruptcy the Right Option for Me?
Bankruptcy is a complex legal process that has many distinct advantages and disadvantages. It can negatively impact your credit score, limiting your future loan opportunities. It can also provide you with relief if you are unable to pay off your debts and give you and your family the chance to start over.
You should always consult with a bankruptcy attorney before making any final decisions. Karl Pearson will use his years of experience handling bankruptcy cases to help you determine if you qualify for bankruptcy relief. He will review the details of your financial situation and assess whether filing for bankruptcy is the right option for you.
If you are only making the minimum payments on your credit card and loan debt but have the ability to pay off more, then you may want to consider debt solutions other than bankruptcy. However, if you have outstanding loans and credit card debt that you cannot possibly pay back, then you may benefit from filing for bankruptcy. At Pearson Law, we can help you make this critical decision and give you the support you need throughout the entire bankruptcy process.
Which Type of Bankruptcy Should I File?
Once you have made the decision to file for bankruptcy, you may ask yourself the question, which type of bankruptcy should I file? There are many elements that factor into this decision. A bankruptcy lawyer in Scottsdale, AZ can point you in the right direction and help you weigh your options. When filing for personal bankruptcy, there are two primary types of bankruptcy that are worth consideration:
- Chapter 7 Bankruptcy
- Chapter 13 Bankruptcy
With a Chapter 7 bankruptcy, you are given the opportunity to wipe out your debts and start fresh. A Chapter 7 bankruptcy may result in some assets being sold for the benefit of creditors. However, most basic items are exempt from being sold. This includes homes with equity up to $150,000. A bankruptcy attorney can help you plan your bankruptcy case to protect as many assets as possible. With a Chapter 13 bankruptcy, you can develop a repayment plan (typically 3-5 years) overseen by the bankruptcy court to pay back all or some of your debt. A Chapter 13 bankruptcy may allow you to keep assets that would be liquidated in a Chapter 7 bankruptcy.
At Pearson Law, we have helped hundreds of people take charge of their debts through bankruptcy. Take advantage of our free initial consultation to discover which type of bankruptcy is the best choice for you and your family. Attorney Karl Pearson prides himself on being able to explain the bankruptcy process succinctly and efficiently. He will do his part to help you gain financial stability and manage your bankruptcy during the coronavirus pandemic.
When Should I Contact a Scottsdale Bankruptcy Attorney?
Contacting a Scottsdale bankruptcy attorney before beginning the bankruptcy process is always a smart move. He or she can offer you guidance and perspective that you may not be able to find on your own. At Pearson Law, bankruptcy lawyer Karl Pearson can offer you clarity on your legal options and help you obtain the debt relief you need the most. He can also help you navigate any legal difficulties you may encounter due to COVID-19.
If you are looking for an attorney with strong client reviews
and a passion for bankruptcy law, then contact us today for a free initial consultation. Attorney Karl Pearson has the experience and resolve to handle even the toughest bankruptcy cases. He will ensure your legal rights are protected during the coronavirus pandemic. He will also ensure you have access to the technology and resources you need when initiating your bankruptcy case.
Bankruptcy Lawyer Near Scottsdale, AZ
Are you struggling with debt and considering filing for bankruptcy during COVID-19? If so, then it is important to find an attorney who specializes in bankruptcy law and procedure. An experienced and passionate bankruptcy lawyer near Scottsdale, AZ can help you explore your options and give you the courage you need to make this difficult decision.
At Pearson Law, we understand many people and businesses are struggling to pay their bills and make ends meet. Scottsdale bankruptcy lawyer Karl Pearson has experience pursuing personal and business bankruptcy cases in court. He can help you choose the right moment to file for bankruptcy and knows which type of bankruptcy suits your particular situation. Additionally, he stays up-to-date on the latest news regarding the coronavirus pandemic and bankruptcy court operations.
To schedule a free consultation with bankruptcy attorney Karl Pearson, call today at (480) 820-1800 or send him a message online
. Pearson Law is located in Scottsdale, AZ
and represents clients throughout Maricopa County and the surrounding areas. Call today to receive quality bankruptcy services from the tenacious, professional and experienced legal mind of attorney Karl Pearson.