Bankruptcy Attorney In Mesa Arizona

Fife and Cesta is a Mesa Bankruptcy Attorney representing clients during times of financial reorganization, when debt relief is needed and the options of the debtor must be explored. Reaching the decision to pursue bankruptcy is not one that is taken lightly, and having counsel to advise you through the process is absolutely vital to obtaining the most advantageous outcome.

We are lawyers for cases involving:

• filing under the federal bankruptcy code
• Real estate facing forclosure
• Obtaining Debt Relief through bankruptcy
• working with trustees and appointees of the court
• Mesa Arizona bankruptcy attorney for chapter 7 and chapter 13

A good legal counselor can advise you on not only whether you should be pursuing debt relief through the bankruptcy code, but also on the needed paperwork to make your case for reorganization or liquidation, and argue your case to the courts when it comes to rearranging your financial obligations so that you, your company or business can remain whole.

Having An Attorney File Your Bankruptcy

Mesa bankruptcy lawyers have an advantage in the availability of court records and case data that is available to a lawyer online. In fact, a counselor can help you build such a rock solid case, with proof of debt burdens and escalating cost structure forcing restructuring of debt. The fact of bankruptcy that is often overlooked is the good it does to the economy. It can take people which were financially dead and give them new economic life, businesses that would close doors and employees who would lose jobs saved by intelligent restructuring that only removes the problem part of the companies, making things healthy and viable.

A Little Bit of Bankruptcy History

It is believed that the very first time a Bankruptcy law was ever placed, was in 1542 in England. This particular law was actually meant to give the creditors some remedy against people who did not pay their debts. Under this new law, the debtors were ultimately considered criminals, and subject to imprisonment!

By 1570, England passed it’s second law towards Bankruptcy, that stated only a creditor could be the one to start or file a Bankruptcy case, rather than the debtor, and the debtor had NO choice! Also, to your surprise, ordinary people were not ever charged with Bankruptcy, as only merchants would be known as a debtor, and it was THEIR creditors that did the filing for Bankruptcy.

The British Parliament made some changes to the law over the next 100 years, mainly to let the commissioners of the Bankruptcy take more of the debtor’s assets, along with increasing the penalty for not obeying the law. An amendment created in 1604 actually allowed for imprisonment, as well as allowing the debtor’s ear to be cut off as penalty! By 1800, by only one vote, the United States Congress passed the first Bankruptcy Law in America. This law was similar to British Bankruptcy Law, except of course, leaving out the part where any fraudulent debtors could be sentenced to death, or torture.

Today our Bankruptcy Law started with “The Bankruptcy Act of 1898” which allowed involuntary as well as voluntary filing of Bankruptcy, as well as allowing some of the debtors to claim some exemptions, as well as removing most of the main barriers for eliminating all debts. The “Bankruptcy Act of 1978” was made, making huge changes to the American Bankruptcy code. This law existed until the rise of the Bankruptcy Abuse Prevention & Consumer Protection Act in 2005.