Phoenix Bankruptcy
It is an unfortunate fact that many seniors citizens in this country are finding themselves in serious debt due to medical bills, prescription drugs, and co-signed loans. After unselfishly working a lifetime to save for their retirement and their estate, month to month bills represent a worrisome burden that our most vulnerable and valuable citizens don’t deserve.
Luckily there is help in the form of Phoenix bankruptcy. This can eliminate medical and pharmacy bills, bank loan debt, as well as lingering credit card debt. Declaring bankruptcy will immediately stop harassing collections calls and mailings, and it is the best way to protect your savings, pensions and retirement accounts, and save your home from foreclosure.
Many people are also confused about the new Arizona bankruptcy laws that went into effect at the end of 2005. In essence, these laws apply a means test to determine whether individuals are eligible to eliminate their debt by filing Chapter 7 bankruptcy. In truth, the new bankruptcy laws have had very little effect on individuals. The large majority of people still qualify to file Chapter 7 to completely eliminate their credit card debt. There are very skilled Phoenix Arizona bankruptcy lawyers available online which can help guide you through this difficult time.