Arizona Bankruptcy Law (AZ)

Few lawyers today appreciate the extent of new bankruptcy laws

Few lawyers today are able to afford the luxury of researching all applicable laws in a new case. For this reason, most lawyers specialize in one area of the law, and strive to stay abreast of all important changes. Arizona lawyers who specialize in Chapter 7 and Chapter 13 consumer cases must constantly review new cases, statutes and rule amendments pertain to the Code. In addition to this federal law, lawyers must also possess keen awareness of Arizona state laws.

In application, all cases are determined by assets and liabilities. Arizona state law determines rights, title and responsibilities associated with asset ownership. The extent of liability, and in fact, whether liability exists at all for contingent claims, is most often determined by state law. State civil codes and rules regarding the collection of claims also play a large role in determining creditor rights. Ultimate, for the conclusion of any case, the Judge must apply the law of the State of Arizona to resolve all Chapter 7 and 13 cases.