Bill King, P.C. has four convenient locations in Mesa, Scottsdale, Phoenix, and Glendale.

Bill King, P.C. is a debt relief agency. We help people file for bankruptcy under the bankruptcy code. He and his staff stand ready to put an immediate stop to your creditor problems.

For your free consultation to find out if bankruptcy can help you and which Chapter is best in your circumstances
Call Bill King at 602-840-0057.

Fortunately as I read on, I discovered that Chapter 11 allows a business to restructure their debts while getting their finances in order so they can remain in business. While American Airlines filed its bankruptcy petition in New York, Arizona bankruptcy law is very similar.Arizona Chapter 11 is primarily used by businesses because it can be expensive and complex, which makes it crucial to seek legal advice from an Arizona Bankruptcy Attorney. American Airlines has 120 days to propose a plan for repayment that is approved by its creditors. Chapter 11 is a lengthy process and can even take a few years.

With Chapter 11, companies are allowed to retain their assets so AA will be able to keep the $4.1 billion in cash it reported in its petition. There are also tax benefits that will help them aggressively manage their liabilities. American and the 88,000 employees plan to operate normally while in bankruptcy which includes an average of 3,000 daily flights.

One bankruptcy rule is ‘don’t wait too long.’ Be proactive when considering filing Chapter 11 in Arizona. Don’t wait until the course is irreversible and seek counsel from an Arizona Bankruptcy Attorney.

With so many similarities between the bankruptcy chapters comes so many differences.  It is extremely important to consult with a qualified Arizona bankruptcy attorney to understand what solution will fit your unique situation.  Like Chapter 7, Chapter 13 provides an automatic stay of creditor claims so any foreclosures or harassing phone calls and letters will cease.  The information required in both chapters is also similar and the same type of petition and schedules are used.  In contrast, Chapter 13 requires an exact plan to pay your creditors while Chapter 7 liquidation is intended for reorganization.

If you are filing Chapter 13 for your business, you must be self-employed or a DBA not a corporation, partnership, or LLC.  You may find, however, that a Chapter 13 plan is generally easier to get confirmed because creditors can’t vote on whether they want to accept your plan as in Chapter 11.  You are restricted to only one repayment option in a Chapter 13 and that is to make monthly payments beginning 45 days after it is filed.  Chapter 11 has no restrictions on a repayment plans as long as it is approved by the judge.

Chapter 7, 11, or 13: eenie, meenie, miney, mo?  I don’t think so.  Seek the counsel of Arizona bankruptcy lawyers to help you learn the ins and outs of bankruptcy and find a solution.

Shop Smart for Gifts

You don’t have to purchase gifts that cost a fortune.  In fact, most people will be happy with the fact that you simply thought of them at Christmas time.  You can usually find some great deals if you check the sales papers.  You can also look for deals at thrift stores, as this is a great way to save money on all sorts of gifts that you may be looking for.

Draw Names for Gift Giving

Another great idea when it comes to gifts for your family is name drawing.  Many families, especially those that have a lot of people, will actually just draw names to get gifts.  This ensures that everyone has a present to open up, but not everyone will have to spend a lot of money getting gifts for everyone.  This may be great for your family.

Visit Family After the Holidays

Traveling during the prime time during the holidays is definitely much more expensive.  Gas prices go up.  The prices of airfare go up.  Hotels cost more.  The list goes on and on.  If you really want to save some money, try visiting your family after the first of the year so that you can get away from the hustle and bustle of the Christmas crowd.   If visiting after the holidays is just not feasible, then you may want to consider going a few weeks before.

Use an Artificial Tree

If you purchase an artificial tree, you will be able to use your tree year after year.  If you buy a real tree, then you will usually have to purchase a new tree year after year.  This can be quite expensive.  Artificial trees are often just a pretty as real trees, especially if you look for one that is high quality.  You can usually get one for less than $100, and it will last you quite some time if you take well care of it.  Therefore, try to make an investment for artificial tree.

Try to Shop Ahead of Time if Possible

If you take the time to shop throughout the year, you will not spend as much during the peak holiday season.  Look for ways to save on all of the toys that you purchase for kids as they go on sale.  Shopping during Labor Day and Memorial Day sales is one of the best ways to get a steal of a deal!

As you can see, there are several ways to save money over the holidays.  If you have been caught up in the debt trap and are ready for financial freedom, then you may need to learn better ways to save money and budget.  Sometimes, bankruptcy may be the best option as well.  If you consider this option, then contact the law offices of Bill King, P.C. by calling 602-840-0057 and set up an appointment for your free consultation.  After all, sometimes bankruptcy is the best way to get a fresh start.