Phoenix, Arizona Bankruptcy Attorney - Scottsdale, AZ Financial Stress & Debt Relief

  1. Relieve financial stress;


  1. Immediately put a stop to creditor phone calls;


  1. Have a fresh financial start;


  1. Stop anyone from garnishing your wages and bank accounts;


  1. Prevent foreclosure and/or repossession.

Benefits of Bankruptcy

Law Office Of

Joseph A. Velez

480.710.5079

Real Estate & Business Law Attorney

What Are The Different Types Of Bankruptcy?

The three main types of bankruptcy filings are Chapter 7, Chapter 13, and Chapter 11.  Chapter 7 is known as a debt liquidation.  All unsecured debt is forgiven in a chapter 7.  In order to qualify for a Chapter 7 you must pass the Means Test which determines if you are financially ineligible.  A Chapter 13 is a reorganization of the debt repayment plan allowing all or a portion of debt to be repaid over 3-5 years.  The Means Test is used to determine the length of your prepayment plan.  Finally, a Chapter 11, which is used primarily with business is like a debt consolidation.  Chapter 11 allows business and other corporations to reorganize their debt to a more manageable repayment system.  

How long is the bankruptcy process?

The length of time differs between the different chapters.  Chapter 7 can typically be completed in five months, Chapter 13 can take up to three to five years and Chapter 11 filings have no set time length.

Does Bankruptcy Stop A Foreclosure?

Yes.  A reorganization bankruptcy can allow someone to pay off the back payments over time while they continue making monthly payments on their home, halting foreclosure. 

Will I Have To Go To Court?

There is one hearing called the “meeting of creditors.”  If the situation is complicated with many objections it may not be able to be settled out of court and require further hearings in front of a judge. It is best to talk with a Bankruptcy attorney to determine the complexity of your situation.   

Can My Creditors Still Contact Me?

No.  Once the bankruptcy has been filed there is an automatic stay put into effect that prohibits creditors from contacting you for collection purposes.  They may however, contact you for informational purposes.

Will I Still Have To Pay My Back Taxes?

Certain taxes may be discharged in a Chapter 7 or paid over time in a Chapter 11 or 13.

Bankruptcy FAQS

Bankruptcy offers financial relief to many by forgiving debt or arranging more manageable repayment options.  A bankruptcy assists in working with creditors to restructure repayment of debt or even eliminating it completely.  This decision is often the only option for those in serious debt and who seek to be freed from financial struggle. 


There are three general types of bankruptcy: Chapter 7 liquidation, a Chapter 13 or Chapter 11 reorganization.  A Chapter 7 bankruptcy allows the filer, through a court order, to eliminate certain unsecured debts, while other secured debts (a mortgage and/or automobile loan) continue to be repaid if the debtor wants to keep their home or car.  A Chapter 13 bankruptcy is for individuals and business owners who intend to repay their debt but need immediate relief from collections, late payments, penalties and interest.  There are a variety of factors that must be considered when determining what chapter to file such as type of debt, amount of debt, or whether co-signers are involved.  It is best to consult with an experienced attorney to better decide the best choice for your specific financial situation, and which bankruptcy chapter you qualify for.


    The stress from financial hardship and debt can be overwhelming.  Bankruptcy offers clients freedom from financial stress and debt, providing them with a fresh clean financial slate.  The Law Office of Joseph Velez will help you make the right decision regarding your options, advising and representing you along the way towards your new financial beginning.

The Law Office of Joseph Velez

Commercial Real Estate & Business Law Attorney

Scottsdale Financial Center

7272 E. Indian School Rd., Suite 111

Scottsdale, Arizona 85251

480.710.5079

Our law office represents clients throughout the Phoenix, Arizona area including the cities of Scottsdale, Maricopa, Mesa, Surprise, Paradise Valley, Avondale, Gilbert, Chandler, Glendale, Florence, New River, Fountain Hills, Peoria, Surprise, Queen Creek, Tempe, Sun City, Apache Junction, and Casa Grande. We serve the counties of Maricopa, Yavapai, Gila, Pinal, La Paz, Yuma, and Pima County.

DISCLAIMER: This site and any information contained herein are intended for informational purposes only and should not be construed as legal advice. Seek competent legal counsel for advice on any legal matter.

One hour initial office consultation fee is $295 for the matters discussed above.