Jim Gaudiosi Attorney at Law PLLC

Bankruptcy Attorney In Glendale
ZERO DOWN CHAPTER 7 BANKRUPTCY

Experienced and Dedicated
Jim Gaudiosi is a licensed bankruptcy attorney in the state of Arizona.  Attorney, Jim Gaudiosi, will meet personally with each client and offer a free initial consultation and assistance with asset protection, stopping foreclosures, wage garnishment removal, and tax relief (both IRS and state tax). Our customized fees are set for your specific situation and are traditionally the most affordable in the state by any dedicated personal firm. We can start representing you for little money down and we offer both evening and weekend appointments. We provide legal services to people who are faced with harassment by abusive bill collectors, overwhelmed by credit card payments and medical debts, or faced with repossession and foreclosure. Bankruptcy Attorney, Jim Gaudiosi, is a dedicated Bankruptcy Chapter 7 and Chapter 13 lawyer who will meet with you and discuss a plan to bring you some much needed relief. Bankruptcy Lawyers and Bankruptcy Laws.

Bankruptcy Chapter 7 Bankruptcy in Phoenix
What is chapter 7 bankruptcy?  Bankruptcy Chapter 7 is sometimes called a straight bankruptcy or liquidation bankruptcy. Chapter 7 bankruptcy’s intent is to give the debtor a relatively quick "fresh start.” The debtor turns over all non-exempt property to the bankruptcy trustee who then converts it to cash for distribution to the creditors. Most debts are dischargeable and the debtor usually receives a discharge in less than six months. In the vast majority of cases, the debtor’s assets are protected by state law exemptions, and are therefore out of the bankruptcy trustee’s reach. Chapter 13 Bankruptcy is known as a reorganization bankruptcy and differs from Chapter 7 since there is no re-payment plan in Chapter 7. 

Chapter 11 Bankruptcy 
Chapter 11 Bankruptcy is a form of bankruptcy that involves a reorganization of a debtor's business affairs and assets. It is generally filed by corporations, which require time to restructure their debts. Chapter 11 gives the debtor a fresh start, subject to the debtor's fulfillment of its obligations under its plan of reorganization. Chapter 11 may also be an option for those non-business debtors who do not qualify for Chapter 13. 

Chapter 13 Bankruptcy 
What is chapter 13 bankruptcy? Chapter 13 Bankruptcy is for individuals who want to pay off their debts over a period of three to five years and do not qualify for Chapter 7. This type of bankruptcy appeals to individuals who have non-exempt property that they want to keep. It is also only an option for individuals who have predictable income and whose income is sufficient to pay their reasonable expenses with some amount left over to pay toward their debts. In many cases, a percentage of the debt is discharged after the reorganization is complete. Both Chapter 7 and 13 bankruptcy muzzles bill collectors and eliminates some or all of your credit card and unsecured debt. Filing bankruptcy stops a home foreclosure, car repossession and creditor harassment.