Peoria, Arizona is located in the northwest part of Greater Phoenix situated within Maricopa County. Having its roots in agriculture, residents from Peoria, Illinois originally came to farm - hence the name! Life is quite different these days however. According to a 2010 Census the population has grown to 154,065 making it the ninth largest city in the state. In addition, Peoria has the fourth largest land mass in Arizona making it the perfect site for master-planned communities that incorporate golf, parks, dining, libraries, recreation and different neighborhoods for varying lifestyles.
Bankruptcy in Peoria
Regardless of one's preferred lifestyle, there is one element that many residents of Peoria and around the state have in common - debt related issues. Financial security disappeared for many as home values plunged, debt rose, jobs were lost, and help was nowhere to be found. Bankruptcy filings in Arizona rose nearly 24 percent from 2009. The good news is bankruptcy is a way to free one’s self from payments on an unsecured debt. In short, it allows individuals to use their hard earned wages to pay for necessities instead of getting bogged down in more debt. Bankruptcy has the power to allow people to get their finances into an organized state by eliminating or reducing debts, restructuring missed house payments and sometimes even lowering other secured debt payments such as cars and furniture. The word “bankruptcy” should not scare a person from the opportunity to be debt free once again. Bankruptcy is a tool, a strategic move to placing oneself back in the drivers seat.
What to Do When Faced With Bankruptcy
The process of filing for bankruptcy is not a simple task and there is no one plan that fits everyone. Which is why choosing a knowledgeable, experienced and caring attorney is one of the most important things you can do when filing for bankruptcy. The Peoria Bankruptcy Lawyers at Platt & Westby, P.C., work on behalf of those who find themselves in need of debt services and have proudly served over 4,000 Phoenix residents in helping to successfully file for bankruptcy protection for the last 40 years. It is no surprise that clients voted and Platt & Westby, P.C., was named the “Best Bankruptcy Law Firm” by Foothills Magazine.
The Bankruptcy Attorneys at Platt & Westby, P.C., represent clients in Chapter 7 and Chapter 13 filings. A Chapter 7, or straight liquidation bankruptcy, offers a "Fresh Start" to those struggling with medical bills, credit card debt, and personal loans. A Chapter 13, serves to reorganize the debt. Reorganization typically lasts three to five years allowing the individual in debt to make payments on a monthly basis at a fixed rate until that debt is cleared. Let the specialized Attorneys at Platt & Westby, P.C., analyze your personal financial needs and formulate a plan to fit your budget.
Platt & Westby, P.C., is located in the heart of Phoenix at the corner of 7th Avenue and Thomas Road. A convenient Glendale location for Peoria clientele is just off 51st Avenue and the 101. Call 602-277-4441 today for a free and confidential appointment to discuss your future plans.