Scottsdale is located in the Salt River Valley, and is considered a part of "The Valley of the Sun" bordering the city of Phoenix and the town of Paradise Valley located within Maricopa County. According to the 2010 Census, Scottsdale's population has risen to over 217,385 people. Scottsdale's year-round warm weather and sunshine and upscale restaurants and clubs account for its large tourism appeal. In fact, Scottsdale was voted the third city in the nation with the most AAA Five-Diamond resorts, only after New York and Las Vegas. While hospitality and tourism make up the bulk of the economic base, there are also several corporate headquarters that call Scottsdale home including: Scottsdale Healthcare, Vanguard, Motorola, Google, GoDaddy and Mayo Clinic.
Bankruptcy in Scottsdale
Although Scottsdale is known for its upscale housing and shopping, its residents have also felt the repercussions of the declining housing market and overwhelming debt. It is no secret that the southwestern states were the most affected and saw the most significant increase in bankruptcy filings around the nation. Arizona alone saw a 24 percent increase in flings since 2009!
When the housing market fell, financial security took a hit as well for many people who found themselves without jobs, increased debt, and homes worth less than they anticipate. In short, they had nowhere to turn. Bankruptcy, has become a popular method to get people out of payments from unsecured debt. Bankruptcy offers several different ways for people to get their finances back to a manageable place. From eliminating or reducing debt payments, to restructuring mortgage payments.
What to Do When Faced With Bankruptcy
The Bankruptcy Attorneys at Platt & Westby, P.C., specialize in Chapter 7 and Chapter 13 filings. A Chapter 7 liquidates, or wipes out debt, by offering a fresh start to those struggling with personal loans, medical bills and the like. It is almost as if the debt never existed. A Chapter 13, on the other hand, is debt reorganization. In a period of typically three to five years, monthly payments are made until the debt is eliminated. Let the experienced and skilled Attorneys analyze your personal financial needs and formulate a plan to fit your budget. Platt & Westby, P.C., takes pride in the care of their clients and will set you up for future financial success.
There is no "one size fits all" when it comes to bankruptcy. That is why choosing an experienced, caring and knowledgeable attorney is one of the most important decisions you can make. The Bankruptcy Lawyers at Platt & Westby, P.C., are proud to provide solutions for people who are in need of debt services. Platt & Westby, P.C., has proudly assisted over 4,000 Metro-Phoenix residents in successfully filing for bankruptcy protection for over 40 years and walk their clients through the process one step at a time. Let the experienced and skilled attorneys at Platt & Westby, P.C., analyze your personal financial obligations and develop a plan to fit your budget. Platt & Westby, P.C., takes pride in the care of their clients and will set you up for future financial success.
Platt & Westby, P.C., is located in the heart of Phoenix at the corner of 7th Avenue and Thomas Road. There are convenient valley locations in Goodyear, Glendale and Gilbert as well. Call 602-277-4441 today for a free and confidential appointment to discuss your future plans.