PHOENIX BANKRUPTCY LAWYER

1. Bankruptcy Attorney AZ Arizona Bankruptcy Claims Priority unsecured claims are claims that are not secured by collateral but that have priority over other debts under federal law. These debts have priority typically for public policy reasons– that is, the well-being of the community relies upon these debts being paid. General Unsecured Claims General unsecured debts include credit card debts, student loans, personal loans, some utilities, and medical bills. After the bankruptcy estate pays administrative expenses, priority unsecured claims and secured claims, general unsecured creditors will receive a share of the remaining funds, if any. Secured Claims Secured claims are claims for debts that are secured by an interest in a property. A secured creditor can take that property, the collateral, if you disregard on the debt. The most common secured loans are car loans and mortgage loans, but you may also have secured loans for furniture, jewelry, watercraft, and other kinds of property. Contact Us Bankruptcy Attorneys at Phoenix Fresh Start Bankruptcy attorneys can help. Our easy payment plans and free credit repair, together with your bankruptcy can lift your financial burdens and give you the fresh start you deserve. Call us today, 602-598-5075 https://phoenixfreshstartbankruptcy.com