Kahn & Ahart, PLLC (Bankruptcy Legal Center™) is an Arizona law firm that practices in the areas of bankruptcy and commercial law. Attorney James Kahn and attorney Krystal Ahart are experienced bankruptcy attorneys who collectively have more than 50 years of experience representing individuals and businesses in bankruptcy matters. They have the knowledge and skill to provide the high-quality, personalized legal advice you need to protect your assets and achieve your goals.
Practice area: Bankruptcy
At the Bankruptcy Legal Center™, our attorneys represent individuals and commercial clients in a variety of bankruptcy proceedings, including Chapter 7, 11, and 13 cases.
Chapter 7: Liquidation
Chapter 7 of the U.S. Bankruptcy Code is commonly known as the “fresh start” bankruptcy. It is the type of bankruptcy that people most frequently envision when they think about bankruptcy. Chapter 7 allows individuals to eliminate most types of debt while still being able to retain certain property. Liquidation and discharge of debt is required in a Chapter 7 bankruptcy. In most cases, debtors keep certain property, such as their home or vehicle, as long as payments are kept current. At the Bankruptcy Legal Center™, we have advised many clients facing Chapter 7 bankruptcy and provided the guidance they need to maintain possession of certain assets. We also assist corporations, LLCs, and partnerships through an orderly liquidation process.
Chapter 11: Reorganization
Corporations, LLCs, and partnerships can use Chapter 11 bankruptcy to reorganize debts and create a manageable repayment plan. It can also be a viable option for some individuals with extensive debt, or income producing assets. Chapter 11 offers flexibility not available under other bankruptcy chapters and can be particularly useful in real estate cases and in cases in which it is necessary to keep a business in operation.
Chapter 13: Adjustment of Debts
Chapter 13 bankruptcy is similar to Chapter 11 in that it is designed to help debtors retain assets. It is available to individuals and small business owners. Chapter 13 allows debtors to consolidate debt and make monthly payments over a three- to five-year period while remaining in possession of many of their assets.
If you are an individual or business owner facing bankruptcy, you need the counsel of experienced bankruptcy attorneys. At the Bankruptcy Legal Center™, our experienced Arizona bankruptcy attorneys have the knowledge and skill to provide the personalized legal counsel you need to achieve the best resolution of your case. Contact our Arizona office today to schedule a consultation with one of our experienced bankruptcy attorneys.