Getting a speeding ticket is nothing more than a nuisance in most cases. You pay the fine, maybe you consult with an attorney, and you go on about your business. But if you are having financial troubles, a speeding ticket or other traffic citation can be a major blow. You may be struggling to figure out how you’re going to pay your mortgage this month, so a ticket that carries a fine and potential attorney fees can throw a major wrench into your finances.

When things are getting this bad, it might be time to consider filing for bankruptcy. Depending on what type of bankruptcy you file, you might be able to get your unsecured debts discharged (eliminated), or you might be able to negotiate a repayment plan that makes your monthly expenses more manageable.

Not all debts are discharged in a bankruptcy filing. Some people have questions about things like tax debts or student loans. Others are particularly interested in court fines and penalties. Here’s what you need to know:

Traffic Fines

Traffic fines are the most common government fines that the average person will get. You can get fines for speeding, parking in the wrong spot, driving with a broken headlight, and other minor infractions. Of course, you can also be fined for more serious infractions, such as driving under the influence or reckless driving.

Unfortunately, traffic fines cannot be discharged in a Chapter 7 bankruptcy. You will have to pay these no matter what your financial situation is.

Government Fines and Penalties

There are many other situations in which you might have to pay a government fine or penalty. You might be fined paying music at your party a little too late. Or you might get a fine if your dog gets out of the fence and is caught running around the neighborhood.

Again, any fines or penalties you owe to a court or other government entity cannot be discharged in a bankruptcy filing. You will be left with these bills, no matter what else happens in your bankruptcy.

How Bankruptcy Can Help with Fines

Though you can’t discharge court or government fines or penalties in a bankruptcy filing, there are other ways that filing for bankruptcy can help with these expenses.

If you file for Chapter 7 bankruptcy, you can free yourself from excessive debts, such as credit cards with high balances and huge medical bills. When you no longer have to pay off those balances, you will have a lot more money each month, and that should give you the means to pay off your court fines and penalties.

If you file for Chapter 13 bankruptcy, you will have a debt repayment plan that will make it easier for you to pay each month. You will have one monthly payment in an amount that is manageable for your finances. In many scenarios, it is possible to include some court fines and penalties in your Chapter 13 repayment plan.

Working with an Attorney

A good attorney can help you fight charges that result in court fines and penalties. Though you might feel like you can’t afford the legal help, hiring an attorney can actually save you money in the long run. Depending on the circumstances of your case, your attorney might be able to get the charges dismissed and the fines dropped. Your attorney might also keep charges off your record, which can help with things like keeping your car insurance low, ensuring that you are able to get a job, and ensuring that you are able to get better credit.

An experienced bankruptcy attorney will help you understand your financial options and what the best debt-relief plan might be for you. Mesa Bankruptcy Lawyers can help you understand how bankruptcy can help you, and My AZ Lawyers can help you with things like criminal charges, traffic violations, DUI cases, and personal injury claims, among other legal matters. Contact My AZ Lawyers to talk about the fines and penalties you are facing and to explore your legal options for evading the charges or minimizing the fines. Our attorneys will do everything they can to help you avoid penalties and to get back on firm financial footing.

Millions of Americans suffer from it. No one wants to be in it. However, fact of the matter is more Americans are in debt than the number who are debt free. Being in debt can be a stressful experience and is no way to start off your new year.

No matter what happens in your life, if you signed on the dotted line for a loan or financial obligation, you are going to have to pay it back; regardless if you have a life altering experience like: losing a job, getting into an accident, getting divorced, dealing with medical expense, or even if you have increased expenses due to having a child. The best thing that you can do is make plans to be financially stable in case your circumstances change unexpectedly.

During the holidays a lot of people facing debt are guilty of an unintended consequence of too much holiday spending. Too many presents and too much Christmas giving often leave people in unstable financial situations going into the new year. So if you’re ready to put the Christmas cheer and overspending behind you and want to get on a path to financial freedom, it’s important to have a plan of attack.

Here’s are a few pointers on how to get yourself debt free:

Stop borrowing money.

This seems simple but what that means is that you have to stop using debt to fund your lifestyle. This means no more using credit cards, no more financing furniture, no more brand new cars or car leases that you can’t afford. By not adding to your debt it will allow you to focus solely on the debt that you have currently.

Create a budget.

Organize a spreadsheet on which you track all of your income, expenses, and debts. To pay off your debt, your income MUST exceed your expenses. If it does not, you will have to cut more expenses or work more to increase your income.

Look at your budget and figure out where you can cut expenses so you can have more money available to put towards paying off your current debts.
This can be difficult to do, but it is a necessary part of the process.

Track Your Spending and NO Unnecessary Purchases

A tactic that will help is to carefully track purchases and eliminate any careless “accidental” spending. Going to the mall? Consider first what you will be purchasing and write down what you need. Leave credit cards behind! Bring only the cash you need to spend and that’s it. Then keep track of your purchases and everything you got carefully.

Try to pay off your debts with the higher interest rates first.

Pay off your debts with the higher interest rates. Your debts with higher interest rates will always be unsecured debts like credit cards, payday loans, and unsecured personal loans. It is important to remember, the higher the interest rate, the faster these debts will grow. Pay off your highest interest debts first to minimize the total of what you will be paying off.

Spend Any Extra Money You Have… On Your Debt

In order to get yourself out of debt you will need to take any extra money you hadn’t factored in your budget and put it towards your debt. Examples of money you hadn’t factored in would include: a tax refund, selling a car or a possession, an inheritance, winning a pool or a bet…etc. The more money you can put towards your debt, the faster it will disappear and the sooner you will be debt free.

The debt you have doesn’t have to be forever, with a little discipline and hard work you can make it go away. Use the helpful ideas we have included, develop your financial game plan, and start your journey today towards being free of debt.

These are just a few of the steps that you can take to become debt free. There are organizations and resources available that can help you achieve your financial resolution. The debt relief experts at My AZ Lawyers are a great place to start. Contact us today to speak to a professional debt relief attorney in Mesa.

(480)833-8000

Mesa

Gilbert

Phoenix

Tempe

Filing for bankruptcy in the state of Arizona is messy. The end of the process seems to be nowhere near. Your Mesa bankruptcy lawyer becomes part of your life for the next few months, or years, depending how severe the case might be. Then, during court or your attorney mentions your case was discharge, the end is now right in front of you. Little do you know, that a discharge is only the beginning of the end. When one hears a legal case was discharge, that person believes that the case was dismiss, let go, over or close. That is incorrect. There is a difference between between a discharge and a case closure. My Arizona Lawyers will explain and simplify what the distinctions are.

A Discharge Bankruptcy Case

What is a discharge in bankruptcy? The following is an explanation from the United States Courts’ website:

“A bankruptcy discharge releases the debtor from personal liability for certain specified types of debts. In other words, the debtor is no longer legally required to pay any debts that are discharged. The discharge is a permanent order prohibiting the creditors of the debtor from taking any form of collection action on discharged debts, including legal action and communications with the debtor, such as telephone calls, letters, and personal contacts.

Although a debtor is not personally liable for discharged debts, a valid lien (i.e., a charge upon specific property to secure payment of a debt) that has not been avoided (i.e., made unenforceable) in the bankruptcy case will remain after the bankruptcy case. Therefore, a secured creditor may enforce the lien to recover the property secured by the lien.”

We believe that the explanation above is clear, but we will break it up for you. Basically, a discharge declares that the debtor is not legally required to pay any debts that were discharge in court or through an attorney. Also,you will not be fully relief you from all your debts. However, the debts that were discharge, the creditors will stop taking any form of collection action on the discharge debts. That means no more phone calls or letters from the creditors. The discharge only focuses on debts, not a bankruptcy trustee. You need to have that very clear. A bankruptcy trustee will still be sending you a demand letters. Talk with your bankruptcy lawyer in Mesa, and learn about your best options on how to get that trustee situated before the case closure.

Bankruptcy Case Closure

A case closure simply means that the court’s involvement with the case is done. The court’s involvement is typically not longer needed after all applicable deadlines for objections have passed and the case trustee has submitted a report indicating his work is complete. As the debtor, you need to understand that the discharge will not get rid of the trustee. You will be required to address with all the requests from the trustee until the case closure. Basically, the purpose of a bankruptcy case closure is to declare that you, as a debtor, have met the request that the trustee ask for. Have constant communication with your bankruptcy attorney in Mesa to concluded with a case closure as soon as possible.

If you believe you need to claim bankruptcy in the state of Arizona, you need the guidance of a bankruptcy lawyer from a reputable Mesa bankruptcy law firm. The bankruptcy laws are similar and yet distinct in every state. This is one of the reasons why you need an attorney to guide through the process in the state of Arizona. Again, claiming bankruptcy is messy and have negative effects on your credit report. If you want the case to end in the best case scenario, contacting a bankruptcy lawyer is that best form of action.

The attorneys at My Arizona Lawyers have the knowledge and expertise to help with your case. Each bankruptcy lawyer at My Arizona Lawyers have the experience in helping clients get debt relief. That can be through a Chapter 7 or Chapter 13 filing, based on the case. What are you waiting for? Call us at 480-833-8000, and we will help you reclaim your finances.

(480)833-8000

Mesa

Gilbert

Phoenix

Tempe

Mesa Bankruptcy Lawyers
4065 E University Dr #500
Mesa, AZ 85205
(480) 470-0005

Filing for bankruptcy can be tricky, and even worse can be the consequences that come with it. If you are looking to file for bankruptcy with help from a Mesa bankruptcy attorney, you probably, no doubt, have a lot of questions that can’t rightfully be answered as sensitively as they should be. Before you take this step in trying to reclaim your financial security, you should make sure you have all of the facts first. Talk to your Mesa bankruptcy lawyer and get every detail you can before they help you sort out your financial troubles. Here are a few basic things you need to know before you do this.

The benefit to filing for bankruptcy is that once you do it, you will have no more debt. Unfortunately, this does not mean that you can spend exorbitant amounts of money. A lot of the times, the first thing that new bankruptcy victims want to do is to make a huge purchase like a house or a car. If you want to buy a house, a lot of lenders will want you to put down at least a 20% down payment. This may seem like a lot of money, but it is more secure for them to ask for this, especially when lending to someone who has just filed for bankruptcy. A good way to save up for this is to make sure that you cut your unnecessary expenses. Dining out, cell phones, cable charges, and excess spending. The larger the down payment, the more likely it is that you will get a better financing deal with a lender.

Another negative side effect of filing for bankruptcy in Mesa is that it leaves your credit in ruins. This is no secret. Having bad credit can bar you from making larger purchases that you might need to make in the future. Once you file for bankruptcy, you should automatically start rebuilding your credit so that you can eventually make those big purchases again. Your first step in doing this is to make sure you pay your debts as soon as possible. If you do this, your creditors will report to the credit bureaus that you have made your payments in a timely manner. If you owe money on your student loans, pay those in a timely manner. If you’ve purchased a car, make sure those are on time. Reaffirming your car loan if you are bankrupt will help restore your credit, and this will also be reported to the credit bureaus. But you should always make sure that it will be beneficial to you, because sometimes reaffirming your car loan can also be detrimental.

Sometimes credit lenders can be dishonest, so make sure to check your credit reports as frequently as possible to be absolutely positive that they are reporting your payments. If they aren’t, contact an Arizona bankruptcy lawyer to file a dispute and show proof of your payments. If you have reaffirmed your car after the bankruptcy instead of during the bankruptcy, this could be the result. In addition, if you get a credit card after you have filed for bankruptcy, make sure that you pay it off entirely within a two or three month period. This will get you much further in the endeavor of trying to reestablish your credit and make sure your credit score is increasing periodically.

Although it may not be easy, and you must be careful at all times, buying a home after filing for an Arizona bankruptcy is entirely possible. You have to be vigilant and make sure that all of your finances are in order. You should always keep in mind the troubles you went through before and during the bankruptcy. This is the only way that you can really avoid doing it again. You also need to be patient. You may think that once you file for bankruptcy, your troubles are over, but in order to prevent it from happening again, you can’t go back to your frivolous ways. Save your money, take time to gather yourself and your funds, and soon you will be perfectly capable of buying a home once again.

Filing for an Arizona bankruptcy with a professional bankruptcy lawyer is as easy as calling My AZ Lawyers. With our friendly experts and our caring touch, you can have your bankruptcy filed and taken care of in a timely manner. Get your life back on track as well as your finances and make sure to schedule a free consultation with Mesa Bankruptcy Lawyers.

(480)833-8000

Mesa

Gilbert

Phoenix

Tempe

Mesa Bankruptcy Lawyers
4065 E University Dr #500
Mesa, AZ 85205
(480) 470-0005