Phoenix Arizona Bankruptcy Attorney 

Bankruptcy Page Title


BANKRUPTCY Services in Phoenix, Arizona

We are a Debt Relief Agency. We help Arizona people file for relief under the Bankruptcy Code.

   Phoenix, Arizona residents are becoming overwhelmed with real estate, automobile, household and  business debts. Are you among the many who are facing a future that involves making just the minimum payments on high-interest credit card and consumer debt, or missing your mortgage payments and seeing no way to pay off these loans? Are you in the same position as other  Arizona property owners who are left with no other alternative but file bankruptcy relief due to the declining real estate market? Have you or a family member lost a job leading to a significant loss of income? Do you have a large number of unpaid medical bills for which you have no insurance coverage? Do you ask yourself if there is a way for you to retain some of your property or keep your business in operation while reducing or eliminating the debt you owe to others? If your answer to any of these questions is “Yes” you may have reached the point where the best resolution to your financial difficulties is to file for bankruptcy in Phoenix Arizona. If that is the case, the Glendale, Arizona Bankruptcy Law Office of Raymond A. Kenney, PLLC  can be of assistance to you. Mr. Kenney can help you understand your options, negotiate with creditors, file your Arizona bankruptcy documents and find the best way for you to hold onto as many of your assets as the Arizona Bankruptcy law allows. When you retain the Law Office of Raymond A. Kenney, you will find that our Arizona Bankruptcy Lawyer has the experience you can trust and offers his clients a full range of legal representation for your  Chapter 7 and Chapter 13 Phoenix Arizona Bankruptcy actions.

The Law Office of Raymond A. Kenney, Arizona Bankruptcy Attorney can:

1) Our Phoenix Arizona Bankruptcy Lawyer will stop your home foreclosure, or strategize your foreclosure to save you money and remain in your home longer; there are significant legal and tax consequences involved in a foreclosure. Depending on your particular circumstances it is possible that the bank may foreclose on your home and still sue you for the difference between the amount of the mortgage and the amount obtained at the foreclosure sale (a deficiency judgment). It is also possible that in the view of the IRS any amount not paid by you as a result of the foreclosure will be attributable to you as income in the amount of the unpaid debt.
2) Our Phoenix Bankruptcy Attorney will negotiate with creditors regarding payoff schedules, payoff amounts and loan terms.
3) Our Phoenix Bankruptcy Lawyer will make sure that the Fair Credit Reporting Act and Fair and Accurate Credit Transactions Act along with other laws are followed by creditors which will keep your creditors from harassing you.
4) Our Phoenix Bankruptcy Lawyer will investigate to determine if you were a victim of predatory lending schemes and/or mortgage fraud. During the course of the real estate boom many home buyers were sold loans that they never could afford or had the terms of the loan misrepresented to them which in turn means that the lenders did not comply with the lending laws.

   Arizona bankruptcy is a legal vehicle that provides relief to Arizona individuals and businesses in serious financial trouble. Generally, the bankruptcy process assesses the debtor's assets and liabilities and upon completion of the bankruptcy proceeding, the debtor is allowed to keep some property and is ordered to satisfy as many eligible debts as possible, according to an order of priority established by law and the remaining debts are discharged. There are certain types of debts such as domestic support orders, debt obtained by fraud and most tax debt which can not be eliminated via bankruptcy.

   Bankruptcy is an available option for both individual consumers and businesses. There are two major bankruptcy types: Chapter 7 - liquidation and Chapter 13 - reorganization.

Arizona Bankruptcy Liquidation Filing- Chapter 7

   Chapter 7 of the Bankruptcy Code governs liquidation bankruptcy, available to individuals and businesses. Upon the filing of a Chapter 7 bankruptcy petition, the bankruptcy court issues an automatic stay that stops most collection proceedings against the debtor. A bankruptcy trustee is appointed and is responsible for gathering the debtor's nonexempt property, if any, liquidating it and distributing the proceeds to the creditors in order of legal preference. When the amount of debt far exceeds the ability to repay, most debts can be discharged under Chapter 7 bankruptcy. Chapter 7 bankruptcy protection is frequently used to eliminate credit card debt, repossession deficiencies, and medical bills. Some property that you cannot afford will be sold or returned to the creditor.
   For an individual debtor, the remaining debts are normally discharged and no longer the responsibility of the debtor; however, certain types of debt survive the bankruptcy, such as domestic support orders.

Arizona Bankruptcy Reorganization Filing – Chapter 13
   A reorganization bankruptcy is normally used when there is ongoing income that can be used to pay creditors. Chapter 13 of the Bankruptcy Code generally covers individual consumer debtors. Filing for reorganization also generates an automatic stay of most collection activity. The debtor then develops a repayment plan to pay debts over a 36 to 60 month period and has that repayment process overseen by a bankruptcy trustee. At the successful conclusion of the payment plan, if certain conditions are met, the remaining dischargeable debt is eliminated. Chapter 13 debt reorganization can reduce monthly payments on secured debts, such as cars and appliances, and can virtually eliminate payments on unsecured consumer debt such as credit cards. Except in rare circumstances, Chapter 13 bankruptcy cannot reduce monthly mortgage payments.

   In a Chapter 13 filing, you keep your assets, keep your car, keep your house, and pay what can be paid to your creditors over a period of time, generally 36 and 60 months. The Law Office of Raymond A. Kenney, PLLC can propose an appropriate plan and negotiate its acceptance with creditors, many of whom might object to the court’s confirmation of the Chapter 13 bankruptcy plan.

   Many of our bankruptcy clients have experienced an unexpected and severe financial downturn usually caused by sudden events such as job loss, business failure, illness or divorce. Mr. Kenney understands the difficulty of struggling to balance payments and debt with income, and the stress that comes with the possibility of losing your home, business, car and other property. If you are facing one of these types of situations, filing bankruptcy may be the right answer for you.

    If you are facing serious financial challenges, it is very important to seek the counsel of an experienced bankruptcy attorney, such as one from The Law Office of Raymond A. Kenney, PLLC, to help you to assess your legal options. Our Arizona law firm can provide advice on your bankruptcy options, and handle all bankruptcy proceedings for you.

Under the law we are a debt relief agency. We help people file for Arizona bankruptcy relief under the Bankruptcy Code.



The Law Office of Raymond A. Kenney, PLLC, represents clients throughout Arizona, including Phoenix,Glendale,Sun City West, Sun City, Surprise, Peoria, Tolleson, Avondale, Goodyear, Litchfield Park, Luke Air Force Base, Scottsdale, North Scottsdale, Pinnacle Peak, Anthem, Carefree, Cave Creek, Fountain Hills, Tempe, Waddell, El Mirage, Maricopa County, Mesa, Prescott, Flagstaff, Sedona, and Casa Grande, Arizona. When you need experienced legal representation to help resolve your legal issues whether it be bankruptcy filing, chapter 7, chapter 13, estate planning attorney, wills, trusts, probate, divorce, family law, business law, lawyer, contract review, contract drafting, this law office can help. Contact The Law Office of Raymond A. Kenney, PLLC. Free phone consultation call today to speak to our attorney 623-234-3536. 


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