Tucson Bankruptcy Attorney
Bankruptcy can stop collector harassment, prevent home foreclosure, and help you get back on the right financial path. For business owners, bankruptcy can help restructure debt and allow the business to continue operating. At Yusufov Law Firm, your preferred Mesa, Phoenix and Tucson bankruptcy attorney, our foremost goal is to help you resolve your financial difficulties and get your life back on track. If you are considering bankruptcy and would like expert consultation and help understanding the process, Yusufov Law Firm is here to help.
Experienced Bankruptcy Attorney to Help You Get out of Debt
Whether you are facing foreclosure, are in danger of losing your car, have overwhelming medical bills, want to stop creditors from harassing you, or want to save your business and reorganize your debts, we can provide options to help you address your debt problems.
We have experience dealing with all types of financial problems encountered by individuals and businesses. We will analyze your specific circumstances and prepare an individualized strategy designed to deal with your concerns. Call us today at (520) 745-4429 in Tucson or (480) 788-0098 in Mesa/Phoenix for a free consultation.
Free Consultation
Call us at (520) 745-4429 or (480) 788-0098 or fill out the form below and we will contact you.
Client Testimonials
"Mr. Yusufov was very informative and made the process go smoothly. He was very timely in responding to my questions and concerns. He knows and understands the bankruptcy laws! I have referred several of my friends to Mr. Yusufov’s law firm."- M.C.
"Mr. Yusufov gave me a sense of ease that allowed me to explain my situation without being judged. All my questions were answered and I felt like he understood me. I’m glad I followed through on my instinct to use him. Thank you for all your help."- S.L.
Successful Case Resolutions
- Successfully recovered damages from a mortgage company for violation of our clients’ bankruptcy discharge
- Successfully discharged over $130,000 in student loan debt
- Confirmed a Chapter 11 plan for an industrial repair business
- Confirmed a Chapter 11 plan for a real estate investor
- Confirmed a Chapter 11 plan for a gas station business
Personal Attention and Honest Advice
Choosing a bankruptcy attorney can be a nerve-racking process. That is why we provide a free consultation to help you understand your rights and options. We will give you honest advice on whether bankruptcy is the right choice for you, and will always let you know what alternatives to bankruptcy may be available. Further, we are always available to answer any questions or concerns our clients may have as their cases progress.
We know that getting quality information and advice about the bankruptcy process is essential to making the right decision about your financial future. We will lay out your options, clearly explain bankruptcy laws relevant to your situation, and help you ensure that the bankruptcy process goes smoothly.
About the Bankruptcy Process
Bankruptcy is the legal procedure that allows individuals, businesses, and other organizations to
get relief from burdensome debts, either by modifying the repayment schedule, reducing the debt, or eliminating it altogether.
Have Questions? Schedule a Free Consultation
Whether you’re an individual overwhelmed by debt or a business struggling to stay afloat, we are here to help you understand your debt relief options and assist you in taking hold of your finances and getting a fresh start. Answers to your debt relief questions are just a phone call away. Contact us via our website or give us a call at (520) 745-4429 in Tucson or (480) 788-0098 in Mesa/Phoenix today.
Bankruptcy FAQ
About German Yusufov
Mr. Yusufov, your experienced Phoenix/Mesa and Tucson Bankruptcy Attorney, has been involved in hundreds of cases, ranging from personal bankruptcies of individuals and families, to the bankruptcies of major national and international corporations.
Because of the breadth of his experience, Mr. Yusufov is able to help individuals and businesses facing financial difficulties regardless of the complexity of their case or the nature of their financial problems.
Top Frequently Asked Questions
How will bankruptcy affect my credit?
There is no single answer to this question. Under the current federal law, a bankruptcy can remain on a person’s credit history for up to 10 years. On the other hand, most individuals who file for bankruptcy already have poor credit. In some situations, bankruptcy may even improve a person’s credit, because bankruptcy can eliminate many debts and thus improve a person’s financial situation.
Will bankruptcy stop wage garnishments?
Yes, filing for bankruptcy will stop most wage garnishments. However, bankruptcy will not stop wage garnishments based on a domestic support obligation, like child support. For more, read our Ultimate Guide to Stopping Garnishment in Arizona.
What debts can be discharged (eliminated) in bankruptcy?
Most unsecured debts can be discharged in bankruptcy. This includes credit card balances, medical bills, and personal loans. In addition, some secured debts, like judicial liens, can be discharged if they impair an exemption in a debtor’s property.
Our Services
Personal Bankruptcy Solutions
Chapter 7
Chapter 7 provides immediate relief from debt collectors by imposing an automatic stay as soon as the bankruptcy is filed. This prevents creditors and debt collectors from calling you or contacting you by any other means, or contacting your employer or your relatives. It also stops lawsuits. For qualifying individuals, Chapter 7 bankruptcy is a quick way to eliminate most commons types of debt, such as credit cards, medical bills, payday loans, and personal loans.
Chapter 13
Chapter 13 provides enhanced options for those who need help with secured debt, such as a mortgage or a car loan. It is particularly useful to individuals who are behind on their mortgage payments and facing foreclosure, and allows up to five years to catch up on missed payments. Chapter 13 also provides options for modifying payments on vehicle loans. Additionally, Chapter 13 is a good option for those individuals who do not qualify for Chapter 7 due to high income.
Business Bankruptcy Solutions
Chapter 11
For businesses struggling with debt, Chapter 11 provides options for eliminating or restructuring debt to allow the business to continue operating. While in Chapter 11 bankruptcy, the business is given breathing room to operate without interference from creditors. Upon exit from bankruptcy, the business should be free from burdensome debt, with unsecured debt either being paid off or discharged, and secured debt modified to make payments more affordable.
Non-Bankruptcy Alternatives
Debt Settlement and Negotiation
Sometimes bankruptcy is not the right option, such as when the costs of bankruptcy would be too high relative to the amount of debt, or if the individual has too much in non-exempt assets or too high income. In such cases, debt settlement can provide a more effective alternative. Settlement allows elimination of debt through negotiation directly with the creditor and payment of a reduced amount. Most types of debt can be settled, including credit cards, medical bills, and even student loans.
Lawsuit Defense and Litigation
Where neither bankruptcy nor debt settlement is an option, and a lawsuit is filed by a creditor, we can provide an aggressive defense in court. In some cases, such as where the statute of limitations has expired, or where the creditor does not have the necessary documentation for the debt, litigation in court may be the best way to completely eliminate the debt.
Student Loan Defense and Settlement
Student loan debt presents unique problems because, with limited exceptions, it is generally not dischargeable in bankruptcy, and therefore student loan lenders have little incentive to negotiate a settlement. However, there are ways to settle student loan debt, to eliminate it through litigation, or to even discharge it in bankruptcy. We have extensive experience representing student loan debtors, and have successfully defended clients in court against student loan debt collection through settlement, through litigation, and through bankruptcy.
Recent Blog Posts
7 Mistakes to Avoid When Filing for Bankruptcy in Arizona
Bankruptcy can be very effective in eliminating debt and getting your life back on track. But for those trying to file for bankruptcy without a lawyer, mistakes can be costly. Unfortunately, once the bankruptcy is filed, mistakes become very difficult to fix. Here are the most common mistakes and how to avoid them.
Ultimate Guide to Stopping Garnishment in Arizona
In this guide, we go into detail about garnishments: what they are, how they are initiated, and what you can do to stop a garnishment and avoid losing your assets.
There several ways to stop a garnishment: prevent a judgment from being entered, challenge the judgment, protect your assets...
How to Restore Your Credit After Bankruptcy in Arizona
It is a common misconception that bankruptcy will destroy a person’s credit for several years. Many of my Arizona bankruptcy clients think that restoring credit after bankruptcy is difficult or impossible. In fact, the credit score can be improved shortly after bankruptcy.