Bankruptcy is a federal court process designed to help consumers and businesses eliminate their debts or repay them under the protection of the bankruptcy court. Bankruptcies can generally be described as "liquidation" (Chapter 7) or "reorganization" (Chapter 13). Under a Chapter 7 bankruptcy, you ask the bankruptcy court to wipe out (discharge) the debts you owe. Under a Chapter 13 bankruptcy, you file a plan with the bankruptcy court proposing how you will repay your creditors. You must repay some debts in full; others may be repaid only partially or not at all, depending on what you can afford.
For more information about bankruptcy, please visit the following information pages:
- When is it Right for me to File for Bankruptcy?
- Top 5 Reasons to File for bankruptcy
- What Not to do When Considering Bankruptcy
- What to do When You Can't Pay Your Bills
- Bankruptcy FAQ
- Considering Debt Settlement?
- The Bankruptcy Process
When you start a business in the state of Arizona, you have multiple options for how to organize that business. Your chosen method determines how the business is taxed and other legal factors. Whatever type of organization you desire for your business, Scott Weible, Esq. can help you organize your company into a legally-binding organzation to suit your needs.
Legal issues involving family, especially divorce and child custody, can be especially difficult for individuals to go through. It's not just about who is right and wrong in the eyes of the law, but the emotional fallout of the entire process. Working with an attorney with experience in family legal issues and the family court system won't make divorce or other family matters any easier on the personal front, but it will ensure the legal process goes as smooth and efficiently as possible.
When you have failed to make the mortgage payments on your house in a timely manner, the creditor may foreclose upon your property, putting it up for sale to the public in order to recoup their lost funds. Since property titles are in trust until the full payment is made, the property is not considered to belong to you until it is completely paid off, which makes the foreclosure process relatively easy for lenders.
The seamless transfer of your assets cannot be accomplished without a trust, will, or other essential estate planning documents. Drafting these documents is notoriously difficult, but it is best tackled sooner than later. Scott Weible provides patient guidance throughout the entirety of the estate planning process and helps you make the hard decisions that will later benefit your loved ones.
You can learn more about the terminology used in estate planning here.