Phoenix Bankruptcy Lawyer
Offering 24 Hour Bankruptcy Lawyer Services
Our primary bankruptcy office is conveniently located in Phoenix, Arizona near the Biltmore district. At this Phoenix bankruptcy office location, our experienced lawyers offer free consultations for matters relating to:
- Filing Phoenix Chapter 7 Bankruptcy
- Filing Phoenix Chapter 11 Bankruptcy
- Filing Phoenix Chapter 13 Bankruptcy
- Mortgage Loan Modifications in Phoenix
- Stopping Creditor Harrassment in Phoenix
About Phoenix, Arizona
Phoenix, located in Maricopa County, is the largest city in the state of Arizona. In addition, it is the 5th most populated city in the entire United States, with a population of 4.3 people in the metropolitan area. This makes it hub for the entire southwest United States. Phoenix is situated in the beautiful Sonoran Desert, hours from both Mexico and the Pacific coast of California.
Phoenix was incorporated as a city in 1881. It was originally founded in 1861 near the Salt River, adjacent to its confluence with the Gila River. The city eventually became a major transportation hub in North America and a main transportation, financial, industrial, cultural and economic center of the Southwestern United States.
Tourists and retirees alike flock to the Phoenix area for its unique climate. The climate in the Valley of the Sun is considered subtropical. Its desert location creates warm temperatures during the day and cool temperatures at night. In the summer, it is not uncommon for temperatures to exceed 100 degrees Fahrenheit. Phoenix is known for having over 300 days of sunshine a year.
Despite this seemingly endless sunshine, the recent economic climate of Phoenix has been stormy. In a post-WWII boom lasting until the early 2000s, Phoenix outperformed most of the country when it came to growth and development. Houses were built and businesses erected almost overnight. Wages were high and the cost of living was low. Many people found their American dream in Phoenix, Arizona.
However, faster than it was built, the economy of Phoenix crumbled. Phoenix found itself near the top of the list for economies crippled by the recent mortgage fiasco. The housing bubble burst, and many people saw their home values fall 30% or more. In addition, jobs became scarce as local companies cut hours and positions in order to adjust to decreased demand.
It is of no surprise that many residents of Phoenix are currently in a precarious financial position. A large number of Phoenicians are currently underwater on their first of second mortgages. This means that, if housing prices remain stable, the will pay more towards their mortgage than their house is worth. In addition, many are locked into high interest rates that are double or more what is currently offered. It is almost impossible for our local families to recover financial stability from this.
In addition, there are fewer jobs available in Phoenix, Arizona than there once were. Because the housing industry grew so fast in the Valley of the Sun, many jobs were created. When it tumbled, those jobs were lost. In addition, the retail sector that grew to accommodate predicted growth was left with insufficient demand. Therefore, many residents of Phoenix struggle to provide the basic necessities for their family. These are good people that want to work, but there are no jobs available.
It is of no surprise that many individuals of Phoenix have made the prudent financial decision to file for bankruptcy protection. Bankruptcy allows our residents to cure mortgage delinquencies, to completely eliminate second and third mortgages, to erase credit card debt and more. Bankruptcy no longer carries the stigma it one did; instead, it is an often overlooked means to financial freedom.
If you are interested in filing for Arizona bankruptcy protection, it is important to find an experienced bankruptcy lawyer in Phoenix. Changes to the bankruptcy code that took place in 2005 have made it more complicated and tedious to file for bankruptcy protection, and it is no longer recommended to file for bankruptcy as a pro se debtor.
The qualified and affordable lawyers of Ariano & Reppucci, PLLC file numerous bankruptcy petitions in Arizona. Thus we are familiar with the local bankruptcy trustees and the local bankruptcy customs. We understand that money is tight and therefore offer low fee bankruptcy preparation and flexible payment plans. Contact us today to schedule a free bankruptcy consultation.
Contact Ariano & Reppucci today for a free consultation with an experienced bankruptcy lawyer. Let us show you how filing for bankruptcy protection is a solution to many financial problems and offers a fresh start. Our lawyers can help decide which bankruptcy chapter you should consider filing in order to help with your money problems.