Debt is an unfortunate reality, and when everything you've worked so hard for is on the line, debt consolidation—and the chance to salvage everything that's valuable to you and your family—can be an important first step. The bankruptcy lawyers at Knochel Law Office can offer bankruptcy services to help get you back on track. For years, the attorneys have been aiding the residents of Mohave and La Paz counties.

Though the word “bankruptcy” has negative connotations in the minds of most people, the truth is that filing for it can be the saving grace you need. Chapter 7 bankruptcy is designed for individuals who don't have a large income or a lot of assets. When you file for Chapter 7, unsecured debts like mortgage loans, credit card bills, medical expenses, etc., are automatically discharged. Though the process does allow your creditors to divide up non-exempt property, there's still a lot of property that is exempt, and an attorney can explain to you what you stand to gain and lose. Moreover, Chapter 7 bankruptcy can protect you from creditor harassment, garnishments, and repossessions.

Chapter 13 bankruptcy is for those with higher incomes. In addition to immediately stopping foreclosures, it allows qualified filers to establish three to five year repayment plans. That means you get to keep your house, your car, and any other valuable personal property you might own. Plus, you get to avoid lawsuits and liens because any debts remaining after your payments have been completed are discharged.

Filing for bankruptcy can often represent the light at the end of the financial tunnel, and the sooner you contact the lawyers at Knochel Law Office, the sooner you can get your debt under control. To schedule a consultation for legal aid, give the attorneys a call at (928) 444-1000.