Ariano & Reppucci Helps Residents File for Bankruptcy Relief in Tucson, Arizona

Tucson, Arizona, February 23, 2015 (Newswire.com) - The Experienced and affordable bankruptcy attorneys of Ariano & Repucci are now helping Arizona residents file for Chapter 7 and Chapter 13 bankruptcy relief. The news has been welcomed by a lot of local residents after the law firm decided to open its new office in Tucson, Arizona. Since its establishment, a lot of residents looking to file for chapter 7 and chapter 13 related bankruptcy suits have benefited from the experienced and affordable attorneys provided by this law firm.

The demand for bankruptcy attorneys has risen by a great deal in the past few years as more and more people are looking to file for bankruptcy protection as a step to protect their finances and to seek financial relief for their future life. In past, there had been a lot of stigmas attached to the bankruptcy and to the people filing for it. However, the stigma is slowly fading away as more people find themselves filing for bankruptcy after being unable to pay their bills and long overdue credits.

When it comes to bankruptcy, two types of bankruptcy suits are of prominence. The first one is Chapter 7 bankruptcy. In such lawsuits, the person filing for suit is assigned a trustee who takes an estimate of the property and assets of an individual, and after ruling out the exempted property, uses the remaining assets to settle their debts. The owner can protect some of their assets if they continue to pay some of the loans which they owe to the creditors like car loan. However, to qualify for Chapter 7 bankruptcy, the owner’s income should be under the median income level of their state of residency. In case their income exceeds the limit, they are required to pass the “means test.” If successful, the person is given a clean slate to start over and most of their debts are discharged.

Chapter 13 bankruptcy, on the other hand requires an individual to pay their outstanding debts using their income after the proof of their income being not sufficient enough has been provided. This also allows the owners to keep their properties.

Ariano and Reppucci is one of the leading law firms situated in the state of Arizona. Since the establishment of their first office in Pheonix Biltmore district, Arizona, they have helped a lot of people to file and win chapter 7 and chapter 13 bankruptcy lawsuits. Currently, they have 5 operating offices at different locations in the state of Arizona.

Their Tuscon office can be reached via.

Tucson Law Office
177 North Church Avenue
Suite 200
Tucson, Arizona 85701

Phone: (520) 461-1077

For more details, visit their website: www.attorneys-arizona.com/