The Ultimate Guide to Debt Discharges in a Gilbert Chapter 7 Bankruptcy

Filing for bankruptcy can be a smart financial move and the best way to deal with overwhelming debt. Within just a few months, you can be free of all your unsecured debt, such as credit cards and personal loans. You don’t have to worry about creditors calling and harassing you all the time, and you don’t have to stress about how you’re going to come up with the money to pay your bills each month.

Chapter 7 bankruptcy can offer you the maximum debt relief if you qualify. Here’s what you need to know about debt discharge in a Gilbert Chapter 7 bankruptcy:

Understanding the Debt Discharge

“Debt discharge” is industry speak for the elimination of debt in a bankruptcy filing. When a debt is discharged, you no longer have to pay for it. Creditors no longer have the right to ask you to pay, and they have no recourse for collecting, such as garnishing wages.

In a Chapter 7 bankruptcy, most unsecured debts are discharged. In a Chapter 13 bankruptcy, debts are reorganized under a repayment plan that lasts three to five years. You may be able to discharge some of the debt at the end of the plan, but the focus is on repayment.

What Debts are Discharged under Chapter 7

Chapter 7 bankruptcy focuses on unsecured debts. These are the debts that are not backed by collateral, such as the home or vehicle you are financing or the valuables you put down for a pawn loan. The most common type of unsecured debt is a credit card balance. Other unsecured debt includes medical bills and personal loans.

There is no limit on the amount of debt that can be discharged under a Chapter 7 bankruptcy. That means that if you have run up excessive debts, filing for bankruptcy can give you a fresh start.

Debts that are Not Discharged under Chapter 7

You can’t discharge all your debts with a Chapter 7 bankruptcy filing. There are some debts you can’t ever get out of paying. At the top of the list are debts you owe to the government, such as student loans, back taxes, and criminal fines and restitutions. You also won’t be able to discharge any money you owe for alimony or child support. You’ll have to talk to an attorney about filing a modification for those orders if you are not able to pay.

Even though Chapter 7 bankruptcy can’t discharge these debts, it can still free up the money for you to pay them. Without having to pay those credit card or medical bills, you will have more money each month that you can funnel into your secured debts and those that can’t be discharged. You can even catch up on the back amount that you owe. That can save you from piling up more fines and penalties, as well as from facing any more serious consequences (such as going to jail if you don’t pay your child support, among other things).

Filing for Chapter 7 bankruptcy can give you the fresh start you need after becoming mired in debt with seemingly no way out. It’s important that you meet with a bankruptcy lawyer to talk through your options and find out whether Chapter 7 or Chapter 13 bankruptcy would be right for you. You should choose the option that will give you the maximum debt relief so that you can move forward quickly, free of as much debt as possible. Your attorney will help you get on a fast (er) track to the life you have been wanting.

Gilbert Bankruptcy Lawyers can help you determine how bankruptcy can help you get the debt relief you want. Our dedicated attorneys will analyze your personal finances to help you understand whether you qualify for Chapter 7 bankruptcy protection and what you can expect. We can put an end to the harassing phone calls you’ve been receiving, wage garnishment, and more. If you need to file for Chapter 13 bankruptcy, we’ll help you get an affordable repayment plan that will it easier for you to regain control of your finances. Call us in Gilbert today to talk to an experienced bankruptcy attorney who’s ready to help you.

Published By:

Gilbert Bankruptcy Lawyers
Office: 480-448-9800
Website: https://gilbertbankruptcylawyers.com

Vital Ways Filing for Gilbert Chapter 7 Bankruptcy Can Help

A lot of people avoid bankruptcy because of the stigma attached to it. They don’t want to feel like they have “failed” or that they are “irresponsible.” But the truth is that bankruptcy in Gilbert is a legal right that is offered to those who are struggling with debt. There is nothing embarrassing or shameful about taking advantage of this right.

There are many ways that filing for bankruptcy can help you. Here are a few vital ways that filing for Chapter 7 bankruptcy in Gilbert can help, especially:

No Repayment Plan

There are actually two types of bankruptcy: Chapter 7 and Chapter 13. When you file for Chapter 13 bankruptcy, you will be developing a plan with your bankruptcy attorney to repay your debt over a three- to five-year period. The debt will be consolidated under one payment, and your interest rate will be lower, which will help you save money.
When you file for Chapter 7 bankruptcy, there is no repayment plan. All the debts that qualify are discharged, and you will never have to think about them again.

A Clean Slate

So what happens to debts under Chapter 7? They are discharged. That means that the slate is wiped clean. You don’t repay the debt, and the debt does not remain on your credit report.

A successful Chapter 7 bankruptcy filing will discharge all your unsecured debt, such as credit cards, medical bills, and personal loans. It will not discharge student loans, back alimony or child support, tax debt, or criminal fines or restitutions. However, with the money you’ve cleared up from credit card and other bills, you may now have the money to pay those other debts that can’t be discharged.

No Debt Limits

You can have $100,000 in credit card debt and still discharge all of it. There is no limit to the amount of debt that can be discharged under a Chapter 7 bankruptcy filing. You don’t have to worry that your debts have gotten so out of control that not even bankruptcy can save you. So long as you meet the Means Test to qualify for Chapter 7, you can discharge the debts, no matter how large they have grown.

Protection of Future Income

You don’t have to worry that your debtors will come calling for your future income or bonuses after your bankruptcy case is discharged. If you buy a car or get a big bonus at work, that will be yours to keep.

In some extreme cases, some of your assets may be up for grabs after your bankruptcy. For example, if you get a big inheritance, life insurance payout, or big divorce settlement within six months of your bankruptcy discharge, you may have to use some of it to pay back your debtors.

Fast Discharge

A Chapter 13 bankruptcy filing takes three to five years to complete. However, your debts can be totally discharged within two to three months of filing for Chapter 7 bankruptcy. You can get the fresh start you need in as little time as possible – without winning the lottery. You can totally turn your life around with a Chapter 7 bankruptcy filing.

If you are struggling with debt, talk to a Gilbert bankruptcy lawyer about how a bankruptcy filing might be able to help you. If you qualify for Chapter 7 bankruptcy, you can get a fresh start fast. But even if you need to file for a Chapter 13 bankruptcy, which provides debt restructuring, you can get a better handle on your debts and start taking back your finances. You can rebuild your life much more quickly than if you had continued to toil at paying off the debts yourself.

Gilbert Bankruptcy Lawyers can help you learn more about the bankruptcy process and whether it’s right for you. We work with individual and business clients, and we start with a complete review of your finances to help you understand the best strategy to get the maximum financial relief. If you decide to continue, we’ll create a strong bankruptcy filing that will increase your chances of success. Contact us in Gilbert today to talk with one of our experienced bankruptcy lawyers about your situation.

Published By:

Gilbert Bankruptcy Lawyers
Office: 480-448-9800
Website: https://gilbertbankruptcylawyers.com

4 Ways Chapter 13 Bankruptcy in Gilbert Can Help You

A lot of people don’t know that there is more than one type of bankruptcy. When most people think of bankruptcy, they are thinking of Chapter 7 bankruptcy in Gilbert, which eliminate unsecured debts like credit cards if you qualify. This is the “clean slate” option that most people have in mind when they think of bankruptcy.

Chapter 13 is another bankruptcy option for those who can’t qualify for Chapter 7 Gilbert bankruptcy or who own a lot of equity in their home or other personal assets. There are a lot of ways that Chapter 13 bankruptcy can help you. Here are just four:

Create Affordable Payments

You may owe money to multiple creditors, adding up to huge payments every month. You may be able to pay some of them, but not all of them. So you either choose which ones you want to pay one month and add up interest and fees on the other, or you underpay all of them and incur interest and fees across your accounts.

When you file for Chapter 13 bankruptcy in Gilbert, your bankruptcy lawyer helps you to negotiate a repayment plan that consolidates your debts into one monthly payment. The payment is determined based on your ability to pay, so it is much more manageable. You can also count on the payment remaining fixed over the course of the repayment plan.

Put a Cap on Payments

When you owe a creditor, the interest and fees just keep adding up until you have completely paid off the debt – even if it takes you 10 or 20 years to pay it off. However, when you pay under a Chapter 13 restructuring plan, you only pay for three to five years. At the end of the repayment plan, you are done with those debts for good.

Entering into a Chapter 13 repayment plan puts an end in sight. You don’t have to toil under debt for years without knowing when it will end.

Eliminate Some Debts

At the end of your debt repayment plan under a Chapter 13 bankruptcy filing, those debts can be eliminated. Certain debts, like your house or car loan, will need to continue to be paid so that you can continue to keep those items. However, others, like credit cards and medical bills can be discharged at the end of the repayment term. The courts just want to ensure that you have paid what you have been deemed able to pay.

Avoid Foreclosure and Repossession

By the time many people turn to bankruptcy, they are often facing serious consequences, such as the foreclosure of their home or the repossession of their vehicle. Filing for Chapter 13 bankruptcy may be able to help you avoid foreclosure or repossession.
The repayment plan under a Chapter 13 bankruptcy can be designed to bring you current on your payments for your home or your car. Filing for Gilbert bankruptcy will be a halt to collection procedures, including foreclosure or repossession. The repayment plan can help you get caught up, and it can help you free up money that was going toward other debts so that paying your mortgage or car loan is not so difficult.

There are a lot of benefits to filing for Chapter 13 Gilbert bankruptcy. It may not be the “clean slate” that many people think a Chapter 7 filing is, but it can help you dig yourself out from overwhelming debt. You can finally put an end to harassing calls from creditors, and you can get a steady handle on your finances. By the time the repayment period is over, you should have a much stronger and healthier financial picture.

Call Gilbert Bankruptcy Lawyers today if you are struggling with debt. We’ll help you learn more about bankruptcy and whether it might be the right option for you. Our bankruptcy lawyers represent personal and business clients, and they are ready to help you get debt relief as quickly as possible. Call us today to talk with a bankruptcy attorney about your unique financial circumstances and what your options might be. We’ll help you decide on the best course of action to meet your goals by explaining your legal rights and options.

Published By:

Gilbert Bankruptcy Lawyers
Office: 480-448-9800
Website: https://gilbertbankruptcylawyers.com

Dont-trust-payday-loans-it-could-mean-bankruptcy-for-you.

Dont Trust Payday Loans It Could Mean Bankruptcy for You

Payday loans come with big promises. They claim to help you out of a tight spot when you’re short on funds. You can borrow a little bit of money just to get you through to your next paycheck. In theory, it’s just like borrowing money from a friend, but without the awkwardness that can cause problems in your friendship. Plus, you have to pay back the money with interest.

Sounds pretty good, right? For many, it does. Then they are surprised when they find that the payday loan actually causes them more problems. In fact, it can worsen their financial problems or set off a cascade of problems that can ultimately lead to bankruptcy in Gilbert. Here’s what you need o know:

Dont-trust-payday-loans-it-could-mean-bankruptcy-for-you.

How Payday Loans Work

Payday loans are advertised as an advance on your next paycheck. But really, they are personal loans based on your income. You show a pay stub (or a certain number of pay stubs) to prove that you have a steady income, as well as to prove how much money you make. You either request the amount you want, or the lender offers you an amount based on your income. Many lenders will give you the full amount of your expected paycheck.

Many times, the lender asks for your bank account information to deposit the loan funds directly into your account. You will owe the money you borrow on your next pay date, including interest and fees. Some lenders take the money directly from your bank account, and others ask you to write a post-dated check for the amount.

How Payday Loans Lead to Debt

Of course, you would expect any loan to come with interest. But what you might not expect is just how much interest you will be charged for a payday loan. Lenders charge as much as 400 percent interest. These are short-term loans, so they make their money on the high interest rates and fees.

Those kind of fees just make more problems for you. If you have the money in your account to cover the fees, your account will be drained once the loan becomes due. You won’t have the money that you need to cover your expenses, which means that you’ll have to continue borrowing to stay afloat. You’ll just be kicking the can down the road.

Many people don’t have the money available to cover the high interest rates when the loan becomes due. They end up with overdraft fees from their bank, or they have to extend the loan, which results in interest fees piling up over time. You may feel like you will never pay off the loan.

Debt Relief through Bankruptcy

You may have to take on other lines of credit to pay off your payday loan or to pay off other expenses while you are paying off your loan. Eventually, you may become overwhelmed by debt. You may have to sell things to pay off debts, or your creditors may start seizing items to satisfy your debts.

Filing for bankruptcy can provide fast debt relief. If you file for Gilbert Chapter 7 bankruptcy, you can have your unsecured debts eliminated, such as credit cards and payday loans. If you file for Gilbert Chapter 13 bankruptcy, you can have your debts restructured into a more affordable payment plan that is designed around your income and your personal expenses.

The best thing you can do is talk to an experienced Gilbert bankruptcy attorney to review your personal financial details and to determine the best course of action. Your attorney can help you understand if Chapter 7 or Chapter 13 would be best for you, or if you need to consider another path to debt relief.

Contact Gilbert Bankruptcy Lawyers to learn more about bankruptcy and to find out if it’s right for you. Our bankruptcy law office handles personal and business bankruptcy filings, and we can help you get the debt relief you need fast. Your Gilbert bankruptcy lawyer may be able to help you eliminate your debt, put a stop to harassing creditor phone calls, and stop wage garnishments and other debt collection action. Call our bankruptcy law office today to speak to a bankruptcy attorney about your situation.

Published By:

Gilbert Bankruptcy Lawyers
Office: 480-448-9800
Website: https://gilbertbankruptcylawyers.com

Wage Garnishment

Wage Garnishment and Gilbert Bankruptcy: How to Stop It

We’ve all been in a tight spot on occasion. The bills are coming in, but the money isn’t there immediately to pay them. We may juggle the bills, paying one thing one month and another the next, until we can catch up.

But some of us get so far behind that we can’t catch up. We turn to credit cards to help us, and then we can’t pay the credit cards, and we get buried under the outrageous interest. Trying to get a handle on debts can feel like trying to bale out a sinking ship by dumping out buckets of water. The problem is coming at you a lot faster than the solution.

Wage

If you don’t take other action, that kind of debt is going to lead to more problems for you. Creditors will start calling you constantly to try to get you to pay up. You may be able to negotiate a payment plan in some cases, but you may not have any options if the debt grows too large or the problem goes on for too long. Soon, your creditors may start to garnish your wages to get what you owe, which can be embarrassing and can cause you many more problems. How are you going to get out from under debt and start taking back your finances if your paycheck is being siphoned off?

How Creditors Garnish Wages

First, you need to understand what has to happen for creditors to take money from your paycheck. Creditors can’t just decide they want to take your wages and then tell the bank how much they want. They have to go through certain steps.

Creditors must first seek a court order to get a wage garnishment in Gilbert. They have to show how much you owe, what measures have been taking to get you to pay the debt, and other information to get the court to approve the order.

Creditors also have to ask for a specific amount to be garnished, which has its limits. What the courts will allow creditors to garnish depends on how much money you take home each week, how much money you owe and what type of debt it is, and how much you make over the federal minimum wage.

Stopping Wage Garnishment with Bankruptcy

Filing for Gilbert bankruptcy triggers what’s known as the “automatic stay,” which prohibits creditors from contacting you or continuing their collection efforts. The automatic stay goes into effect whether you file for Chapter 7 bankruptcy or Chapter 13 bankruptcy.

While the automatic stay is in effect, the bankruptcy court will analyze your filing to determine if you should be required to pay anything to your creditors and, if so, how much. If you are granted a Chapter 7 bankruptcy discharge, your unsecured debts will likely be eradicated, such as your credit cards and personal loans. If you are granted a Chapter 13 bankruptcy discharge, you will have a debt repayment plan that is based on your ability to pay.

Before you file for bankruptcy, you should talk to an experienced bankruptcy lawyer about the right strategy for your circumstances. You must meet certain eligibility criteria to file for Chapter 7 bankruptcy, including an income limit. There will also be a limit on how much equity you can have in assets that you want to keep, such as your home, if you want to file for Chapter 7 bankruptcy.

Therefore, you should review your situation in detail to determine what kind of bankruptcy filing will bring you maximum debt relief and help you reach your financial goals.

If you are thinking of filing for bankruptcy, Gilbert Bankruptcy Lawyers can help. Our attorneys help individuals and businesses with Chapter 7 and Chapter 13 bankruptcy filings. We’ll help you understand your legal options and how they may be able to help you reach your financial goals. We may be able to help you stop debt collection efforts, put an end to wage garnishment, and stop harassing phone calls from your creditors. We may even be able to help you eliminate your debt. Call us in Gilbert today to talk with one of our experienced bankruptcy attorneys about your options.

Published By:

Gilbert Bankruptcy Lawyers
Office: 480-448-9800
Website: https://gilbertbankruptcylawyers.com

File For Chapter 7 Bankruptcy

The 5 Requirements of a Chapter 7 Bankruptcy in Gilbert

Chapter 7 bankruptcy in Gilbert can help you get the fresh start you’ve been hoping for when you are mired in debt. It can get rid of those excessive credit card bills, outrageous personal loan debts, and even medical bills. Once the filing is complete, the debt is discharged, and you never have to pay another penny.

Sounds pretty great, right? If you can qualify for Chapter 7 bankruptcy, it can be that great. But first, you have to qualify. Here are the five requirements for filing for Chapter 7 bankruptcy in Gilbert:

File For Chapter 7 Bankruptcy

Previous Bankruptcy Filing

Individuals and business entities can file for Chapter 7 bankruptcy in Gilbert. However, if you have filed for bankruptcy previously, you may not be able to file again within a certain time frame. If you file for Chapter 7 bankruptcy, your case will be dismissed if a previous case was dismissed within 180 day for failure to appear in court or obey a court order. You also will not be eligible to file for Chapter 7 bankruptcy if you received a Chapter 7 bankruptcy discharge within the previous eight years. You have to wait six years if you received a Chapter 13 bankruptcy discharge.

Credit Counseling

Before you can even file for Chapter 7 bankruptcy in Gilbert, you have to complete a credit counseling class. But you can’t just take any class. You have to take a counseling class approved by the U.S. Trustee’s Office. You must also complete this course within 180 days of your filing.

Fortunately, you have options for completing the course. You can find a course to attend in person, or you can even complete the course online or on the phone. You will have to pay for the course yourself, and you will get a certificate upon completion that you will file with your bankruptcy petition.

Income

One of the most important requirements for filing for Chapter 7 bankruptcy is the Means Test. This test looks at how much you make as compared to the median income for your state. Your income includes all sources for the previous six months, including your wages, alimony, unemployment compensation, and other sources.

The means test also looks at your disposable income each month to determine what you can pay toward your debts. This is where the test can get complicated, but basically, you subtract your allowable expenses from your average monthly income, and you compare that result to the eligibility guidelines. If you fail the Means Test and are determined to be ineligible to file for Chapter 7 bankruptcy, you can still file for Chapter 13 bankruptcy to get debt relief.

Debtor Education

The credit counseling course won’t be the only class you have to take. You’ll also have to complete a debtor education course after you file for bankruptcy but before your bankruptcy can be discharged. The course focuses on how to manage money well, including creating a budget, saving regularly, and using credit appropriately. In most cases, you will be able to take a debtor education course from the same company that you took your credit counseling course.

Official Forms

You must follow the rules carefully when filing for your bankruptcy, including using the official bankruptcy forms issued by the U.S. Bankruptcy Court. Beware trying to file for bankruptcy yourself and using forms that claim to be official on random websites. It’s best that you hire an experienced bankruptcy attorney to file your case for you, ensuring that you do not make any mistakes that could cost you more money, delay your bankruptcy discharge, or undermine your case.

If you believe that you meet the eligibility criteria to file for bankruptcy in Gilbert, you should meet with a trusted and experienced bankruptcy attorney near you to learn more. Only a qualified attorney can help you understand the ins and outs of bankruptcy, including whether you qualify and how a bankruptcy discharge could impact you, specifically.

Call Gilbert Bankruptcy Lawyers if you are thinking of filing for bankruptcy. Our bankruptcy attorneys will help you learn about your options for getting debt relief. We will review your finances and provide advice about the best path forward for maximum debt relief in the shortest time possible. Call us in Gilbert today to schedule a free consultation with a bankruptcy lawyer.

Published By:

Gilbert Bankruptcy Lawyers
Office: 480-448-9800
Website: https://gilbertbankruptcylawyers.com

Lawyer With Client

4 Essential Ways Filing for a Gilbert Bankruptcy Can Help You

Bankruptcy is a powerful tool that can literally change your life, depending on your circumstances. Though there are many negative myths surrounding bankruptcy, filing for this legal debt relief is a smart choice that can mean the start of great things, not the last resort of a failure who is looking at rock bottom.

There are many, many ways that bankruptcy may be able to help you. Here are four of the top benefits of filing for a Gilbert bankruptcy that are likely to have the most impact:

Lawyer With Client

Get Creditors to Leave You Alone

Creditors will start calling you the day after your payment is late. If you have multiple accounts that are late, you may be getting a lot of calls. If you have accounts that are both late and seriously delinquent, you are probably getting calls at all hours of the day, every day. You may have stopped answering the phone, for fear that you may have to talk to another creditor threatening to take action against you.

When you file for bankruptcy in Gilbert, the court issues an automatic stay, which prevents creditors from contacting you about your debts. Your creditors will no longer be able to garnish your wages or take other action to collect on your debt. You will finally be able to breathe a sigh of relief, knowing that you can get through your day without being harassed by creditors.

Protect Your Assets

As your debts continue to pile up, you may worry that your house is in danger. You may think that you will soon have no choice but to sell your home to take care of your debts. Or you may fear that your creditors will eventually seize your home to repay your debts.

Many people fear that filing for bankruptcy in Gilbert will mean that they lose their homes. However, filing for bankruptcy can actually allow you to keep your home. Bankruptcy allows exemptions for certain personal assets. So long as you do not own your home outright or have too much equity built up in it, you will be allowed to keep your home. You will not be forced to sell it to satisfy your debts. The same is true for your car and for other assets you might have.

Stop Foreclosure Proceedings

At some point, you may not be able to pay even for your monthly mortgage. You may have tried working out a plan with the mortgage company, but you may not have been able to satisfy what they want. Now, foreclosure proceedings are upon you.

Filing for bankruptcy will put an immediate stop to foreclosure proceedings. If you are filing for Chapter 13 bankruptcy, you will be able to create a plan for catching up what you owe with the mortgage company so you can keep your house. Filing for Chapter 7 bankruptcy will allow you to relinquish the home to the bank, thus canceling any remaining debt.

Give You a Fresh Start

The biggest benefit that a Gilbert bankruptcy filing can offer is a fresh start. If you file for Chapter 7 bankruptcy, you can get a clean slate with your unsecured debt. You can be completely free of credit card debt, medical bills, and other debts. You can free up hundreds or thousands of dollars per month and live without the stress of burdensome debt. If you file for Chapter 13 bankruptcy, you can finally get your debt into a manageable payment plan so that you can start gaining control of your finances.

Filing for a Gilbert bankruptcy can benefit you in so many ways. Only meeting with an experienced Gilbert bankruptcy lawyer can help you understand all the ways that bankruptcy can benefit you, specifically. Your bankruptcy attorney will review your finances and help you understand what’s possible with bankruptcy.

Gilbert Bankruptcy Lawyers are ready to help you learn about all that bankruptcy can do for you. We help individuals who are interested in Chapter 7 or Chapter 13 bankruptcy, as well as businesses who are interested in filing for bankruptcy. Our attorneys will review your case to help you decide on the right path for the maximum benefits. Call our Gilbert office today to schedule a time to talk with one of our experienced and friendly bankruptcy attorneys. Give you a fresh start.

Published By:
Gilbert Bankruptcy Lawyers
Office: 480-448-9800
Website: https://gilbertbankruptcylawyers.com

Filing Documents

Top 5 Myths about Filing for Bankruptcy in Gilbert

You may not know anyone who has ever filed for bankruptcy. And those who have filed bankruptcy usually have only done so once. For these reasons, bankruptcy is rare in most people’s lives, and they tend to get by on conjecture and myth instead of facts and first-hand knowledge. If you are facing financial problems, bankruptcy may be the right choice for you, but you may not even consider it because of the myths you believe.

Here are the top five myths we’ve heard about filing for bankruptcy in Gilbert, along with some information to help you learn the truth so you can decide if bankruptcy is right for you:

Filing Documents

Myth #1: It Will Solve All Your Money Problems

Many people think of bankruptcy as a clean slate. They think that if they file for bankruptcy, they will no longer owe any of the people they owe – credit card companies, the mortgage lender, the car company, the hospital, the student loan company, and even friends and family.

This is not the truth. Chapter 7 bankruptcy is what most people are thinking of when they think of the “clean slate” option, but not even Chapter 7 bankruptcy clears out all debts. Chapter 7 bankruptcy can discharge unsecured debts like credit cards and medical bills, but it cannot discharge secured debts like your mortgage or car loan. It also cannot discharge student loans, child support, and some other financial obligations.

Myth #2: You Will Lose Everything

One reason that many people hesitate to look into bankruptcy when they are in financial trouble is they believe that it will cause them to lose valuable assets like their home or their car. Fortunately, this is not always the case. If you file for Chapter 7 bankruptcy, your assets will be sold to repay your creditors. However, a certain exemption is allowed, which can help you keep your house or car if you do not have much equity built up in them.

If you file for Chapter 13 bankruptcy, you will restructure your debt under a payment plan. You will be able to keep your home and car without worrying about the exemption. Chapter 13 is a better option for those who have built up more equity in their personal property.

Myth #3: You Will Never be able to Get Credit

The second thing that usually holds people back from filing from bankruptcy is they fear they will never be able to get credit again. They think they won’t be able to get credit cards, won’t be able to buy a car, and won’t be able to buy a home. Such thoughts are devastating to many, and they carry on under the weight of debt they don’t have to carry as a result.

The reality is that you will be able to get credit after filing for bankruptcy – a lot sooner than you may think. Many credit cards will start approving you in as little as a year after your bankruptcy is completed, and you can qualify for FHA-backed home loans after just two years. The bankruptcy will be off your credit record entirely after seven years.

Myth #4: It’s the Worst Thing to Happen

Filing for bankruptcy feels like the nuclear option for many. They think that resorting to bankruptcy is the worst thing that will ever happen to them and that they will lose everything and be “ruined.” They will do everything they can to avoid filing for bankruptcy.

The truth is that bankruptcy is far from the worst thing that can happen to a person. In fact, in most cases, it is one of the best things that can happen to them. Bankruptcy can help get you out from under crushing debt so that you can start taking back control of your finances. You can reduce your stress and start doing the things you want much sooner.

Myth #5: You’re a Failure if You File for Bankruptcy

A lot of people think that if you are smart or responsible, you won’t have money problems. Many think that if you have to file for bankruptcy, it means you’re a “failure.”

Bankruptcy is a legal right. Taking advantage of this right is not something that should make you feel bad about yourself. Recognizing the benefits that bankruptcy offers and using it to your advantage is one of the smartest things you can do. That makes you a success, not a failure.

Do not let misinformation and prejudice keep you from filing from bankruptcy to get the debt relief you need. Bankruptcy is a powerful tool, and when used properly, it can change your life for the better. Talk to an experienced bankruptcy attorney in Gilbert about how bankruptcy may benefit you. An attorney can answer all your questions and dispel any other myths you might have.

Gilbert Bankruptcy Lawyers can help if you are thinking of filing for bankruptcy in Gilbert. We’ll answer all your questions, and go over your financial circumstances to help you understand how bankruptcy might impact you specifically. There is no obligation to move forward, so it is worth setting up the meeting so that you have the information to make an informed decision. Call us in Gilbert today to talk with a bankruptcy attorney about your options.

Published By:
Gilbert Bankruptcy Lawyers
Office: 480-448-9800
Website: https://gilbertbankruptcylawyers.com

Bankruptcy Lawyer

The Most Common Causes of Gilbert Bankruptcy

Most people don’t just spend haphazardly and then file for bankruptcy to get out of the trouble they’ve caused. Instead, most people find themselves in circumstances that they are tried to prevent or did not expect when they finally file for bankruptcy. They may have tried to work extra, to cut back on expenses, or to borrow from friends and family to solve their troubles before they turn to bankruptcy.

Unfortunately, bad things happen to good people. Filing for bankruptcy always a sign of a personal failing. Here are some of the most causes we see for people to file for bankruptcy in Gilbert:

Bankruptcy Lawyer

Job Loss

You may have been working at your job for decades. Unfortunately, that doesn’t make you safe. You can still lose your job without notice. The company may be looking for ways to save money, and your fat salary and generous benefits package will start looking pretty good.

Ideally, we would all have an emergency fund that would cover us for at least six months in case of an unexpected job loss. However, few of us have any savings at all, let alone enough to get us through an unexpected job loss. In such a case, many people would turn to credit cards to get by. Filing for bankruptcy in Gilbert can help many get out of the trouble caused by their job loss.

Injury or Illness

You may be out of work for a long time if you fall seriously ill or are severely injured. If you do not have the savings to cover that lost income, you could fall seriously into debt. In addition to lost wages, you may also be faced with thousands of dollars of medical debt.

Declaring bankruptcy may be able to rid you of the debt you incurred while you were not working, as well as the medical debt you may have because of your injury or illness.

Divorce

When you are married, your lives and your finances are combined. When you get divorced, you must adapt to a single life again – and a single income. Yet, by that time, you may have a home and a lifestyle that requires two incomes to support. You may also have children who have more needs than you can provide on one income.

You may try to cut back your expenses or increase your income after a divorce, but you may not be able to do it quickly enough before the debts start to pile up. Your legal fees may make it even harder to get your finances under control, and that may lead you to need to file for Gilbert’s bankruptcy.

Death

Perhaps your spouse dies. You will suffer the same financial losses as you would with a divorce. You may even experience more. If your spouse dies with debts, you will still be responsible for paying them, but you may have only one income and no additional assets. Your spouse may have also been very ill before dying, which will leave you with a lot of medical debt.

Bankruptcy may be able to help you get out of the financial abyss that you find yourself in after the death of a spouse. Or it may help you to get your finances back under control so you can better manage your debts.

Bad Financial Habits

We all make bad choices sometimes. When it comes to bad financial choices, we may not even realize how bad they are until you find yourself in serious debt. That doesn’t mean that you are unintelligent or irresponsible. But it does mean that you need to figure out a way out, and bankruptcy may be the debt solution you need.

Experienced bankruptcy lawyers have seen these scenarios many times. It is important that you recognize that if you find yourself in these circumstances, you should not view bankruptcy as a failure but as an option for getting the debt relief you need. Bankruptcy is a legal right offered to those who need it. You should not eschew this option because you feel personally responsible for your circumstances. Talk to a Gilbert bankruptcy lawyer about how you can get the debt relief you need.

Gilbert Bankruptcy Lawyers can help you understand your options and whether bankruptcy is the right choice for you. Our attorneys represent individuals in Chapter 7 or Chapter 13 bankruptcy, and they represent businesses wishing to file for bankruptcy also. One of our bankruptcy attorneys will review your finances and help you understand the right option and how it can help you. Contact our Gilbert office to talk with one of our bankruptcy lawyers today.

Published By:
Gilbert Bankruptcy Lawyers
Office: 480-448-9800
Website: https://gilbertbankruptcylawyers.com

How Can Your Gilbert Bankruptcy Lawyer Help You

You don’t have to hire a bankruptcy attorney in order to file for bankruptcy – but you should. Filing for bankruptcy in Gilbert is a major step, and it can offer you the type of debt relief that can change your life for the better. The ramifications of filing for bankruptcy are too big to try to take on handling it yourself. You need the help of an expert to get the best outcome.

Still not sure? Consider these essential ways that a Gilbert bankruptcy lawyer can help you:

Provide Expert Knowledge of the Law

No amount of reading online articles or even looking at state statutes is going to tell you everything you need to know about filing for bankruptcy. There are just too many variables for every case. Only someone who has spent years studying the law and who has spent even more years practicing in bankruptcy law can provide all the answers to your questions about the law.

Your bankruptcy attorney in Gilbert can help you understand how the law applies to the facts of your case specifically, what assets are vulnerable to possession, how your bankruptcy will affect your small business, the potential for bankruptcy litigation, and much more. You can be sure that you know all the aspects of the law as they relate to your case when you are working with an experienced bankruptcy lawyer.

Offer Tailored Advice

Should you file for Chapter 7 bankruptcy or Chapter 13 bankruptcy? You may want to file for Chapter 7 and get the clean start that it offers, but you may not qualify. Yet you may not know that until you have put a lot of time and effort into your own case. An experienced bankruptcy lawyer near Gilbert can help you understand what type of bankruptcy is best for your financial circumstances and offer you other tailored advice for your case.

Your attorney will help you understand the right strategy to take, what assets you should try to protect, and much more.

Prepare Paperwork Properly and Quickly

Bankruptcy paperwork is not simple. There are a lot of details needed, and it is very easy to make a mistake. Some mistakes will lead to a delay in your case, which will cost you more money, but some mistakes could even land you in legal trouble.

By working with a bankruptcy attorney, you can ensure that your bankruptcy paperwork is filled out properly, which will move your case forward more quickly and protect your rights.

Represent You at Hearings

You will have to attend a few hearings during your bankruptcy process. You will be asked a lot of questions, and the way you answer them could negatively influence your case. When you hire a Gilbert bankruptcy attorney, your attorney will represent you at those hearings instead. Your attorney will answer all those questions so that your rights are protected and you get the outcome you want for your bankruptcy filing. You won’t have to attend stressful hearings, and you can feel confident that your interests are protected while you are away.

Bankruptcy can make a huge, positive influence on your life. But if you try to handle the filing yourself, you can not only lose out on the benefits that bankruptcy offers, but you can also create more problems for yourself. Hire an experienced Gilbert bankruptcy attorney to represent you for your bankruptcy. You will get the information and advice needed to make the right decisions for your goals, and you’ll get competent representation at legal hearings and other proceedings.

Gilbert Bankruptcy Lawyers can help you if you are thinking of filing for personal or business bankruptcy. Our experienced attorneys can help you understand how bankruptcy can help you and what kind of outcome you might expect if you file. Our attorneys will analyze your financial circumstances to help you determine the best path forward, and they will provide feedback and guidance at every step along the way. Our attorneys will file all your paperwork and represent you at all your bankruptcy hearings. Contact our bankruptcy law office in Gilbert today to talk to an attorney about your options for debt relief. You could start on your path to financial relief today.

Published By:
Gilbert Bankruptcy Lawyers
Office: 480-448-9800
Website: https://gilbertbankruptcylawyers.com

Petition To File For Bankruptcy

5 Essential Differences Between Chapter 13 and Chapter 7 in Gilbert

You may finally be thinking of filing for bankruptcy after struggling with overwhelming debt for months or even years. Now that you’ve looked around for information about the process, you may have been surprised to find that there is more than one type of bankruptcy. You don’t just file and get a discharge for all your debts. You need to determine the right type of bankruptcy – Chapter 7 or Chapter 13 – and which you qualify for.

Here are five essential differences between Chapter 13 and Chapter 7 in Gilbert to help you decide which is right for you:

Petition To File For Bankruptcy

Debts Discharged

Typically, people think that you file for bankruptcy and all your debts are wiped clear. That’s not actually true. The closest you can get to a total discharge of debt is with a Chapter 7 bankruptcy, which clears your unsecured debts like credit cards and medical bills. Chapter 7 bankruptcy does not discharge your student loans, recent tax debts, and some other types of debts.

With a Chapter 13 bankruptcy, you get a debt restructuring plan, rather than a discharge of your debts. The bankruptcy trustee evaluates your financial resources and determines what you can pay toward your debt. You get a three- to five-year repayment plan that consolidates all of your debts into one payment. Any balance remaining at the end of that repayment period may be discharged. You get debt relief by getting a more manageable payment, freeing yourself of interest, and possibly discharging part of your debt.

Timing

By the time you file for bankruptcy, you probably feel overwhelmed and ready to be done with your debt problems forever. One of the primary advantages of a Chapter 7 bankruptcy filing is that it can offer you fast relief. The entire process can take only a few months from start to finish, and you can be done with a majority of your debt for good.

With a Chapter 13 bankruptcy, you will need to go through those few months while your bankruptcy filing is processing, and then you will have to wait three to five years for your repayment plan to be completed. You’ll get some relief under the consolidated payment, but you won’t have the total relief you want until the repayment period is over.

Retaining Ownership

Many people want to get rid of their debts with bankruptcy, but they want to keep the things they need, such as their home and their car. Under a Chapter 7 bankruptcy filing, any assets you own can be collected and sold to satisfy your debts. There is a certain exemption for assets like your home and car, and many people are able to keep these items if they have not built up a lot of equity.

If you don’t meet the exemption requirements to keep your assets, the better option for you will be to file Chapter 13 bankruptcy, which allows you to retain ownership of all your properties. You can even use the filing to catch up on missed payments if you are in danger of foreclosure or repossession.

Foreclosure

You may start thinking about bankruptcy when things get really bad for you and you are facing the risk of foreclosure on your house or repossession of your vehicle. Unfortunately, filing for Chapter 7 bankruptcy will not protect you from foreclosure or repossession. These are secured debts, and if you are unable to pay what you owe, the lenders have the right to take back that property and sell it to satisfy what you owe.

Only filing for Chapter 13 bankruptcy can help you avoid foreclosure or repossession since it allows you to get on a repayment plan to catch up with what you owe. Filing for Chapter 7 bankruptcy may free up some financial resources to pay what you owe by freeing you from payments to unsecured debts.

Eligibility

Not everyone is eligible to file for Chapter 7 bankruptcy. To qualify, you must pass a “means test” that analyzes your income and your expenses. If you make to much money, you won’t qualify to file for Chapter 7 bankruptcy. If you don’t qualify to file for Chapter 7, you may qualify for Chapter 13 bankruptcy, which will primarily look at your ability to satisfy the repayment plan.

Meeting with an experienced Gilbert bankruptcy lawyer can help you understand more about the differences between Chapter 7 and Chapter 13 bankruptcy and which one might be right for you. Once you have identified the right type of bankruptcy, you can move forward and create a strong filing that will help you get the debt relief you need.

Gilbert Bankruptcy Lawyers may be able to help you. Our expert bankruptcy attorneys will review your finances and give you tailored advice about the right course of action in filing for bankruptcy. We’ll then put together a strong filing to help you get a fast judgement so that you can begin the process of rebuilding your finances. Call us today to talk with a Gilbert bankruptcy attorney about your options.

Published By:
Gilbert Bankruptcy Lawyers
Office: 480-448-9800
Website: https://gilbertbankruptcylawyers.com

A Person Calculating Bills

5 Unfortunate Circumstances that Can Stall Your Gilbert, AZ Bankruptcy

Filing for bankruptcy can put an end to your credit problems. It can make your creditors stop calling and harassing you, and it can free up resources for you to pay essential bills like your rent or mortgage and your utility bill. Once you decide to file for bankruptcy, you probably want to do it as fast as possible and start reaping the benefits.

But if you aren’t careful, you can unintentionally do something that will delay your bankruptcy from being finalized. That will prolong your problems. It’s important that you are aware of the things that can cause problems so that you can avoid them. Here are five unfortunate circumstances that can stall your Gilbert, AZ bankruptcy:

A Person Calculating Bills

Failing to Disclose Everything

You may decide to leave out an account on your bankruptcy. For example, you may still have a credit card that hasn’t been maxed out or canceled, and you may want to keep it so you can have it in case of emergency. Or you may leave an asset off your list, thinking that you can save it from collection. However, failing to disclose all of your debts and all of your assets can delay your bankruptcy filing and land you in legal trouble for fraud.

If you have any questions about what debts you have, check your credit report. If you have any questions about which debts to include or what assets you might be able to keep, ask your bankruptcy lawyer.

Failing to File a Tax Return

You may not file a tax return if you don’t have the money for an accountant or you don’t have the money you think you will owe. However, failing to file a tax return can cause you a lot of legal troubles, and it will bring your bankruptcy proceedings to a stop.

If you have an unfiled tax return, talk to an accountant or a tax attorney to determine the best course of action for filing it with the least penalties. If you are worried about paying the money you owe, you may be able to set up a repayment plan. You won’t be able to discharge the debt in your bankruptcy.

Continuing to Use Credit Cards

Some people will continue spending up their credit cards when they know they are filing for bankruptcy because they think that the charges will be written off with the rest of their debt. However, that behavior will be ruled fraud by the courts. You must cease using your credit cards when you file for bankruptcy.
Do not try to open any new lines of credit when you file for bankruptcy, either. You can’t convince the courts that you’re unable to pay your debts when you are opening up new lines of credit or spending more money.

Failing to Get Counseling

You are required to get credit counseling when you file for bankruptcy, as well as to attend and finish a course on financial education. Completing this education is a part of the bankruptcy process, just like filing the paperwork and attending the trustee meeting. If you don’t finish the education, your bankruptcy case will not be able to move forward. Just finish the course and counseling so you can get them out of the way as quickly as possible.

Failing to Get an Attorney

Filing for bankruptcy is a complex process, and you can easily make mistakes and jeopardize your case if you try to handle it yourself. By hiring a Gilbert bankruptcy lawyer, you ensure that every step of the process is completed accurately and that you are protecting your rights. Working with an experienced attorney can also help you understand the process better and what steps you can take for success.

Don’t let poor choices or a lack of information delay your bankruptcy filing or keep you from getting the debt relief you need. Work with a Gilbert bankruptcy attorney and follow all the right steps to ensure the success of your bankruptcy filing.

Gilbert Bankruptcy Lawyers can help you if you are thinking of filing for Chapter 7 or Chapter 13 bankruptcy. We represent both individual clients and businesses. We’ll help you analyze your financial situation and then give you advice about the best way to free yourself of debt. Our attorneys have years of experience helping clients just like you, and we offer affordable services. Call us in Gilbert today to get a free consultation.

Published By:
Gilbert Bankruptcy Lawyers
Office: 480-448-9800
Website: https://gilbertbankruptcylawyers.com

A Worried Man Calculating His Bills

The Untold Benefits of Filing for a Gilbert Bankruptcy

A lot of people are afraid to file for bankruptcy because they fear what it will mean for their future. They think that bankruptcy will ruin their credit, that they won’t be able to buy a new home or car, or that they may even have problems getting a job. Many people also feel a sense of embarrassment or failure because they let their finances get out of control (even if the circumstances that led to their bankruptcy was no fault of their own).

But even if bankruptcy gets a bad rep, it actually has many more benefits than disadvantages. Bankruptcy is a legal tool for debt relief. It is a legal right afforded those that need it, and it is not something to feel shame about. Besides helping you discharge debt, filing for bankruptcy can have these many other untold benefits:

A Worried Man Calculating His Bills

Improve Your Credit

The fear that many have about bankruptcy is that it will decimate their credit score. But the truth is that even though bankruptcy will be a mark on your credit record, it can actually improve your credit score overall.
Think about this: If you are so in debt that you are unable to pay what you owe, you are going to have a lot of late and missed payments on your credit report. You’re also likely to have a delinquency or two. Those marks will continue to bring down your credit score, month after month and year after year. By filing for bankruptcy, you clear those marks and have just the one. At the same time, you clear up money to pay your other bills and stay current, allowing you to slowly build up your credit again.

Stop Harassment from Creditors

As soon as you file for bankruptcy, a stay is issued that prevents your creditors from calling and harassing you about the money you owe. By the time you file for bankruptcy, you’ve probably been getting a lot of these calls, so it will be a huge relief to be free of the harassment. You can finally get peace of mind and feel good about answering your phone again.

Get Rid of Old Tax Debt

Not much will get the tax man off your back, including filing for bankruptcy. However, if you have a tax debt that’s older than three years, you can likely discharge it in a bankruptcy filing. That can be a huge sum since it has likely racked up a lot of interest and penalties in that time. If you meet the criteria, you can discharge that debt entirely.

You Get Relief to Pay Debts that Can’t be Discharged

Not all debts can be discharged in bankruptcy, unfortunately. Most notably, student loans cannot be discharged, except under the most severe hardship and with the right documentation. However, filing bankruptcy can provide relief for a lot of other debts. When the money you would have paid toward those debts is freed up, you can likely pay off your student loans or other non-dischargeable debt more easily. At a minimum, your creditors should be more accommodating to help you find the right repayment plan or other options so that you are not in default.

You Can Likely Keep Your Home

When you file for bankruptcy, your trustee will add up your debts, as well as your assets. Any assets you have may be sold or distributed to your creditors to satisfy your debts. As such, many people worry that they will lose their home, their car, or other major assets if they file for bankruptcy.

Depending on how much equity you have in these assets, you are likely able to keep your home and your vehicle if you file for bankruptcy. Your bankruptcy attorney can help you understand the guidelines that are used to determine what you can keep and whether your assets will be affected.

Don’t let misconceptions about bankruptcy keep you from getting the debt relief you need. There are many more advantages to filing for bankruptcy than there are disadvantages. Talk to a Gilbert bankruptcy lawyer about whether filing for Chapter 7 or Chapter 13 bankruptcy would be right for you.

Gilbert Bankruptcy Lawyers help both individuals and businesses file for the bankruptcy relief they need. Our attorneys offer a free consultation to help you learn how to be debt free. Our services are affordably priced so that you can move forward with taking back control of your finances as quickly as possible. Contact us today to learn about Chapter 7 and Chapter 13 bankruptcy and which might be right for you.

Published By:
Gilbert Bankruptcy Lawyers
Office: 480-448-9800
Website: https://gilbertbankruptcylawyers.com

Gavel And Books.

How a Gilbert Bankruptcy Lawyer Can Help You Avoid Debt Collection Calls

By the time you start thinking about filing for bankruptcy, you are probably used to getting a lot of calls from bill collectors. You likely owe a lot of people a lot of money, and you may feel like they won’t stop calling. You may feel like you get calls at all hours of the day, every day, both at work and at home.

Filing for bankruptcy can put an end to those calls. When you file for bankruptcy, you list out all your debts, and the courts issues an automatic stay, which stipulates that your creditors cannot continue to contact you about your debts. The bankruptcy court will determine what you can pay and which debts will be discharged.

Gavel And Books.

You may find that you continue to get calls even after you file for bankruptcy and the stay has been put in place. This often happens because the creditor sold your debt to a collection agency before you filed for bankruptcy, and you did not know about the exchange. You have to list your debts in your bankruptcy filing for them to be included in your bankruptcy ruling. If you don’t know that your debt has been sold, you can’t list it in the filing, and you will continue to get those calls.

Handling Debts Sold before Your Filing

Hopefully, when a creditor is notified that you have filed bankruptcy, they would forward that notice to the collection agency if they already sold your debt. Unfortunately, many creditors won’t do that. They may just dismiss the notice because they have no obligation for it anymore. They may just shrug it off with the attitude that it’s not their problem anymore, and if you want the notice to get to the proper agency, you’ll do what needs to be done. If that happens, you’ll still be on the hook for the debt.

If your creditor does the right thing and passes on the notice to the collection agency, you may still not find relief. The new agency may claim to have never received the notice – or the notice may have actually gotten lost in the mail. Even if the collection agency does receive the notice, it may be delayed. That delay can cause major problems in your bankruptcy filing. A Gilbert bankruptcy attorney can help you straighten out the situation if this occurs.

Handling Debts Sold after Your Filing

You shouldn’t have to worry about creditors selling off your debt after you file for bankruptcy. The debt is discharged or consolidated in the bankruptcy, so they don’t have a legal right to sell it. However, many creditors have been known to break the rules. Some do it by harassing you in ways they shouldn’t when you owe the debt. Some do it by trying to get whatever money they can by selling off your debt after you file for bankruptcy.

If you get contacted by a collections agency after your bankruptcy filing, your Gilbert bankruptcy attorney can talk to the agency and can file an amended schedule to reflect the new creditor.

Adding Creditors after Your Bankruptcy Filing

You may learn that one of your creditors sold a debt after you have already filed bankruptcy (either they sold it after your filing, or you found out about it after your filing). Or you may have forgotten old debts that are still on your record, and you have already filed for bankruptcy. All is not lost. Your Gilbert bankruptcy attorney can likely file an amended schedule to your filing that includes these other debts.

Filing the amended schedule can cost a little extra money, both in terms of an extra filing fee and additional attorney time. You may be able to get around filing the amended schedule by simply contacting the creditors yourself and letting them know about your filing. You should ask your bankruptcy lawyer about the best course of action.

You don’t have to put up with creditors calling you all the time – especially after you have already filed for bankruptcy. Working with a bankruptcy law office can get those calls to stop. Either you can learn about your rights under bankruptcy, or you can get your bankruptcy lawyer to take action on your behalf, such as by contacting the creditors or filing an amended schedule for you.

If you are overwhelmed with debt and are being harassed by creditors, Gilbert Bankruptcy Lawyers may be able to help you. You may qualify for Chapter 7 bankruptcy or Chapter 13 bankruptcy, and you may be able to either discharge your debts or consolidate them under an affordable repayment plan. Contact us in Gilbert today to talk with a bankruptcy attorney about your options.

Published By:

Gilbert Bankruptcy Lawyers
Office: 480-448-9800
Website: https://gilbertbankruptcylawyers.com

Arizona Means Test

Arizona “Median Income” Test

Are you eligible to file a Chapter 7 Bankruptcy in Arizona?  Call 480-448-9800 and consult with and experienced Arizona Bankruptcy Law attorney at My AZ Lawyers regarding the means test, your eligibility, an explanation of the median income test, or to discuss how the firm may help you with debt relief. 

If your monthly household income is less than the Arizona median income for a household of your size, you are presumed to be eligible to file for Chapter 7 bankruptcy under Section 707(b)(2).

 Compare your household income over the past six calendar months to the state median.

Arizona Bankruptcy Information

Median Household Income Test for Arizona

Compare your household income to the Arizona median income.

For Cases Filed on or after April 1, 2015.

Form 22A-1 requires you to total up your income for the last six calendar months, average it, then annualize it, and then compare it to the Arizona median for your size household.

If your income is below this amount, you meet the requirements of the “means test” (section 707(b)(2) of the bankruptcy code) to qualify for Chapter 7 bankruptcy.

The chart below makes it a bit simpler to figure out. Compare your six-month total income over the last six calendar months to the “6 Mo. Total” in the chart below to get a rough idea of which side of the line you fall.

Pay attention to the rules about household size.

If LESS <

Arizona Median Income Test
Form 22A-1 (Line 13)

> If MORE

You Pass!Chapter 7 is an option.Not legally required to completeForm 22A-2, but may want to anyway.*
HH Size Monthly Income 6 Mo. Total Annual Income
1 $3,705 $22,230 $44,459
2 $4,593 $27,558 $55,116
3 $4,906 $29,434 $58,867
4 $5,742 $34,450 $68,900
5 $6,417 $38,500 $77,000
6 $7,092 $42,550 $85,100
7 $7,767 $46,600 $93,200
8 $8,442 $50,650 $101,300
9 $9,117 $54,700 $109,400
10 $9,792 $58,750 $117,500
Keep Going!You must completeForm 22A-2 to determine if Chapter 7 is available.
Sources:
U.S. Trustee Program, Department of Justice,
11 U.S.C. Sec. 707(b)(7) exclusion.
Official Form 22A-1, Line 13
OUR PHOENIX BANKRUPTCY LAWYERS ARE LOCATED IN PHOENIX, ARIZONA, AND SERVE BANKRUPTCY CLIENTS IN SCOTTSDALE, PHOENIX, GLENDALE, TEMPE, MESA, CHANDLER, PLEASANT VALLEY, AVONDALE, CASHION, EL MIRAGE, PEORIA, SUN CITY, SUN CITY WEST, TOLLESON, YOUNGTOWN, GILBERT, QUEEN CREEK, CASA GRANDE, SURPRISE, PRESCOTT, MARANA, TUCSON, FLAGSTAFF AS WELL AS PIMA, PINAL, AND MARICOPA COUNTY.
DISCLAIMER: THE INFORMATION YOU OBTAIN AT THIS ARIZONA BANKRUPTCY LAW WEB SITE IS NOT, NOR IS IT INTENDED TO BE, LEGAL ADVICE. YOU SHOULD CONSULT A PHOENIX LAWYER FOR ADVICE REGARDING YOUR INDIVIDUAL SITUATION. OUR ARIZONA BANKRUPTCY LAWYERS AND STAFF INVITE YOU TO CONTACT OUR ARIZONA BANKRUPTCY LAW FIRM AND WELCOME YOUR CALLS, LETTERS, AND ELECTRONIC MAIL. CONTACTING US DOES NOT CREATE AN ATTORNEY-CLIENT RELATIONSHIP. PLEASE DO NOT SEND ANY CONFIDENTIAL INFORMATION TO US UNTIL SUCH TIME AS AN ATTORNEY-CLIENT RELATIONSHIP HAS BEEN ESTABLISHED.  THANK YOU FOR VISITING OUR PHOENIX DEBT RELIEF WEB SITE.

Business Bankruptcy: Chapter 7,13, or 11?

There is a difference between Chapter 7, Chapter 13, and Chapter 11 Arizona bankruptcies. Which one is the best fit for your business and debt relief?  The attorneys at My AZ Lawyers will listen to the particulars of your financial matters and recommend the best means to provide your business with debt relief.

What Chapter of Bankruptcy is the best choice for my Business?

Why an experienced lawyer in Arizona business bankruptcy is crucial here? There are three bankruptcies typically available to business owners, and each has its advantages and disadvantages.  Each business bankruptcy case is different and each business owner has his/her own debt relief needs, so consult with My AZ Lawyers in order to get the individual attention and professional treatment for your particular situation.

The Chapter 7  effect

Chapter 7, in some cases, will shut down the business and liquidate assets. In other cases, a business owner can file an Chapter 7 and keep their business. In a Chapter 7 bankruptcy, both personal debts and business debts are totally erased without having to repay money. A Chapter 7 is typically over quickly, it is reasonably inexpensive to file, it is a chance to wipe the slate clean and either start a business anew, or just move forward with your life without the burden of the debt.  You may start immediately to rebuild your credit after a filing, and Chapter 7 eliminates personal and business debts.  Not all business qualify for a Chapter 7, however, and only certain assets can be protected.

Call 480-448-9800 to speak with an expert Arizona business bankruptcy law attorney and discuss your bankruptcy options.

Which debt relief options are best for you personally and for your business? What are your options?  How should you proceed in order to best protect your rights and your assets?

THE CHAPTER 13 EFFECT

In a Chapter 13 bankruptcy case, both business and personal debts may be eliminated, but a portion of both are paid back typically through a 3-5 year repayment plan. A Chapter 13 allows business owners to file bankruptcy if they do not qualify for Chapter 7 bankruptcy protection, and you generally may keep most if not all of your assets (unlike Chapter 7).  It is more expensive to file for Chapter 13, and it is more complex than a Chapter 7, so you will be asked for more requirements, provide more information.  You would pay at least a portion of your debts back and only and until that period of repayment is over is the bankruptcy completed (usually this takes 3-5 years). A person who files Chapter 13 is under the strict guidance of the bankruptcy court for the duration of the repayment plan period.

Is Chapter 7 or Chapter 13 the best option for debt relief for your business debt?  Call 480-448-9800 for advice from attorneys  experienced in arizona BUSINESS BANKRUPTCIES  – MY AZ LAWYERS, PLLC

THE CHAPTER 11 EFFECT

In most cases, Chapter 11 allows business owners to reorganize so that the business can continue operating.  Also, most debts will be paid back, but at a renegotiated interest rate and balance. In opting for Chapter 11, business owners are not required to shut down business, and usually retain most business assets. This Chapter is the most complicated to file, and the most expensive.  The process does take a long time to totally complete, often 20 years or more. A business owner will be liable for most of the debt, and end up paying most of the business debt back. A chapter 11 will not eliminate any personal debts.

 

 

OUR PHOENIX BANKRUPTCY LAWYERS ARE LOCATED IN PHOENIX, ARIZONA, AND SERVE BANKRUPTCY CLIENTS IN SCOTTSDALE, PHOENIX, GLENDALE, TEMPE, MESA, CHANDLER, PLEASANT VALLEY, AVONDALE, CASHION, EL MIRAGE, PEORIA, SUN CITY, SUN CITY WEST, TOLLESON, YOUNGTOWN, GILBERT, QUEEN CREEK, CASA GRANDE, SURPRISE, PRESCOTT, MARANA, TUCSON, FLAGSTAFF AS WELL AS PIMA, PINAL, AND MARICOPA COUNTY.
DISCLAIMER: THE INFORMATION YOU OBTAIN AT THIS ARIZONA BANKRUPTCY LAW WEB SITE IS NOT, NOR IS IT INTENDED TO BE, LEGAL ADVICE. YOU SHOULD CONSULT A PHOENIX LAWYER FOR ADVICE REGARDING YOUR INDIVIDUAL SITUATION. OUR ARIZONA BANKRUPTCY LAWYERS AND STAFF INVITE YOU TO CONTACT OUR ARIZONA BANKRUPTCY LAW FIRM AND WELCOME YOUR CALLS, LETTERS, AND ELECTRONIC MAIL. CONTACTING US DOES NOT CREATE AN ATTORNEY-CLIENT RELATIONSHIP. PLEASE DO NOT SEND ANY CONFIDENTIAL INFORMATION TO US UNTIL SUCH TIME AS AN ATTORNEY-CLIENT RELATIONSHIP HAS BEEN ESTABLISHED.  THANK YOU FOR VISITING OUR PHOENIX DEBT RELIEF WEB SITE.

Business Bankruptcy

Bankruptcy is an option if your business is struggling because of debt. As a business bankruptcy may be a complicated matter, we recommend consulting the experienced Arizona Bankruptcy Law attorneys at My AZ Lawyers.  An attorney at My AZ Lawyers will evaluate your debt and give you some direction as to what decisions you should make in order to meet your business financial goals.  Many business owners assume that they need to file a bankruptcy specifically for the business.  A personal bankruptcy (either Chapter 7 or 13), however, may be a better solution by eliminating any personal liability you may have for business debts and getting a clean financial slate. After the bankruptcy, you can move on with your life and begin business again without the burden of debt.

Call  480-488-9800 MY AZ LAWYERS to schedule an appointment -FREE CONSULTATION- to discuss your business financial matters with an attorney and find out if you are liable for your business debt:

You may not be liable personally for your business debts

  • if your business is an LLC
  • if you are a limited partner
  • if your business is a corporation

You will be personally liable for your business debts

  • if your business is an LLC, a corporation, or you are a limited partner and:
  • if you have cosigned on a debt
  • if you have business and personal liabilities that are intertwined
  • if you are a sole proprietor
  • if you personally guaranteed a debt
  • if you are a general partner in business partnership

Creditors can go after you and your assets if you are personally liable for the business debt.Some small business owners opt to file bankruptcy even when it doesn’t appear that they will be personally liable for business debts in order to protect themselves against potential claims by creditors against them. It is not uncommon for business owners to be liable for the business’ debts.  When your business fails to pay its bills and debts, it is time to connect with an attorney who can give your some options and help you wipe away the debt.

My AZ Lawyers law firm is experienced in dealing with businesses filing bankruptcy.  An attorney can explain the advantages and disadvantages of the bankruptcy chapter filings available to business owners.  They understand the law, the process, and the proceedings involved with Chapter 7, Chapter 13, and Chapter 11 bankruptcy.

OUR PHOENIX BANKRUPTCY LAWYERS ARE LOCATED IN PHOENIX, ARIZONA, AND SERVE BANKRUPTCY CLIENTS IN SCOTTSDALE, PHOENIX, GLENDALE, TEMPE, MESA, CHANDLER, PLEASANT VALLEY, AVONDALE, CASHION, EL MIRAGE, PEORIA, SUN CITY, SUN CITY WEST, TOLLESON, YOUNGTOWN, GILBERT, QUEEN CREEK, CASA GRANDE, SURPRISE, PRESCOTT, MARANA, TUCSON, FLAGSTAFF AS WELL AS PIMA, PINAL, AND MARICOPA COUNTY.
DISCLAIMER: THE INFORMATION YOU OBTAIN AT THIS ARIZONA BANKRUPTCY LAW WEB SITE IS NOT, NOR IS IT INTENDED TO BE, LEGAL ADVICE. YOU SHOULD CONSULT A PHOENIX LAWYER FOR ADVICE REGARDING YOUR INDIVIDUAL SITUATION. OUR ARIZONA BANKRUPTCY LAWYERS AND STAFF INVITE YOU TO CONTACT OUR ARIZONA BANKRUPTCY LAW FIRM AND WELCOME YOUR CALLS, LETTERS, AND ELECTRONIC MAIL. CONTACTING US DOES NOT CREATE AN ATTORNEY-CLIENT RELATIONSHIP. PLEASE DO NOT SEND ANY CONFIDENTIAL INFORMATION TO US UNTIL SUCH TIME AS AN ATTORNEY-CLIENT RELATIONSHIP HAS BEEN ESTABLISHED.  THANK YOU FOR VISITING OUR PHOENIX DEBT RELIEF WEB SITE.

Personal Bankruptcy

My AZ Lawyers represents Arizona personal bankruptcy clients

CONSIDERING BANKRUPTCY? 480-448-9800 MY AZ LAWYERS

Stress caused by overwhelming debt can leak into your personal life, affect your health, your overall well-being, your work life, and your family life.  Take advantage of My AZ Lawyer’s FREE CONSULTATION in order to ask some questions and get a new take on (and hope for) your financial issues.

FLEXIBLE SCHEDULING – PAYMENT OPTIONS – EXPERT REPRESENTATION 

Is it time to call MY AZ Lawyers and regain control over you debt?  If one or more of the following statements apply to your situation, call our Arizona Bankruptcy Law Firm:                         480-448-9800

  • if you are using one credit card to pay another credit card
  • if you are unable to make even the minimum payment on a / several credit card/s
  • If you are behind on your mortgage payments
  • if you are behind on your car payments
  • if your wages are being garnished
  • if you are facing home foreclosure
  • Is someone threatening to repossess your car
  • Has a creditor seized your bank account or tax refund
  • if all your efforts fail to make headway on your debts

Gilbert Bankruptcy Lawyer

My AZ Lawyers understand that financial disasters and misfortunes happen, and sometimes circumstances beyond our control make it difficult or impossible make monthly payments on time. When your debt seems hopeless, when every effort you make is not going to give you relief from your burdening debt, call My AZ Lawyers.  The attorneys at My AZ Lawyers are experts in personal bankruptcies, and they are experienced helping Arizona residents eliminate debt and end the days filled with worries.

Our bankruptcy attorneys offer payment plans and options to make our representation affordable. Call 480-448-9800 to schedule a FREE CONSULTATION and speak to our friendly staff about the “File Now, Pay Later” payment schedule.

We can help you take back control. We can help you get a handle on your financial issues by eliminating debt, putting an immediate stop to wage garnishments, creditor phone calls, and debt collection activity.

We can provide options –if bankruptcy is not the solution to your debt problems, our experienced staff will help you determine a plan that will best suit your financial situation.

OUR GILBERT BANKRUPTCY LAWYERS ARE LOCATED IN PHOENIX, ARIZONA, AND SERVE BANKRUPTCY CLIENTS IN SCOTTSDALE, PHOENIX, GLENDALE, TEMPE, MESA, CHANDLER, PLEASANT VALLEY, AVONDALE, CASHION, EL MIRAGE, PEORIA, SUN CITY, SUN CITY WEST, TOLLESON, YOUNGTOWN, GILBERT, QUEEN CREEK, CASA GRANDE, SURPRISE, PRESCOTT, MARANA, TUCSON, FLAGSTAFF AS WELL AS PIMA, PINAL, AND MARICOPA COUNTY.
DISCLAIMER: THE INFORMATION YOU OBTAIN AT THIS ARIZONA BANKRUPTCY LAW WEB SITE IS NOT, NOR IS IT INTENDED TO BE, LEGAL ADVICE. YOU SHOULD CONSULT A PHOENIX LAWYER FOR ADVICE REGARDING YOUR INDIVIDUAL SITUATION. OUR ARIZONA BANKRUPTCY LAWYERS AND STAFF INVITE YOU TO CONTACT OUR ARIZONA BANKRUPTCY LAW FIRM AND WELCOME YOUR CALLS, LETTERS, AND ELECTRONIC MAIL. CONTACTING US DOES NOT CREATE AN ATTORNEY-CLIENT RELATIONSHIP. PLEASE DO NOT SEND ANY CONFIDENTIAL INFORMATION TO US UNTIL SUCH TIME AS AN ATTORNEY-CLIENT RELATIONSHIP HAS BEEN ESTABLISHED. THANK YOU FOR VISITING OUR PHOENIX DEBT RELIEF WEB SITE.  GILBERT BANKRUPTCY LAWYERS.

“FILE NOW, PAY LATER” Pricing and Payment Options

Bankruptcy Made Easy and Affordable!

Fotor0422161134My AZ Lawyers offers unbeatable pricing for bankruptcy legal services. Our law firm makes it possible for residents of Gilbert, Arizona to receive top-notch legal representation at a reasonable cost. 

FILE NOW …. PAY LATER!  

Contact our law office for more details about “File now, pay later” payment option available to My AZ Lawyers’ clients.

Call or e-mail us for a FREE, no-hassle, no obligation, bankruptcy consultation and debt evaluation with an experienced bankruptcy lawyer. Talk to an attorney to explore your best option for debt relief, be it be it bankruptcy, debt settlement, short sale, or consolidation.

MY AZ LAWYERS = “AFFORDABLE LEGAL HELP FOR AZ”

  • Flat Fees
  • Low Fees
  • Payment Plans
  • Lowest Legal Fees
  • Weekend and Evening Appointments

Our Bankruptcy Package Includes:

  • FREE bankruptcy consultation and debt evaluation.
  • FREE take-home packet with information and resources
  • Professional preparation of your bankruptcy petition and documents
  • Experienced Attorney representation for your bankruptcy from start to finish
  • Knowledgeable and friendly staff and paralegals.
  • Complete confidentiality.

Our LOW, FLAT FEE Pricing Covers:

  • Credit counseling courses (required by law to file bankruptcy)
  • Credit report (we need to verify all creditors are listed and that your bankruptcy is complete)
  • Calls from Creditors (We’ll stop them from contacting you.)
  • Court-mandated filing fee of $335.00
  • Costs of the Bankruptcy petition preparation

SOME OF THE LOWEST LEGAL FEES IN ALL OF ARIZONA!!!CALL AND SCHEDULE AN APPOINTMENT TODAY!!!  480-448-9800

images (1)

Our Phoenix bankruptcy lawyers are located in Phoenix, Arizona, and serve bankruptcy clients in Scottsdale, Phoenix, Glendale, Tempe, Mesa, Chandler, Pleasant Valley, Avondale, Cashion, El Mirage, Peoria, Sun City, Sun City West, Tolleson, Youngtown, Gilbert, Queen Creek, Casa Grande, Surprise, Prescott, Marana, Tucson, Flagstaff as well as Pima, Pinal, and Maricopa County.
DISCLAIMER: The information you obtain at this Arizona Bankruptcy Law web site is not, nor is it intended to be, legal advice. You should consult a Phoenix lawyer for advice regarding your individual situation. Our Arizona Bankruptcy lawyers and staff invite you to contact our Arizona Bankruptcy Law Firm and welcome your calls, letters, and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.  Thank you for visiting our Phoenix debt relief web site.

My AZ Lawyers Office Directions

MY AZ LAWYERS OFFICE LOCATIONS

Mesa Location:
1731 West Baseline Rd.,
Suite #101
Mesa, AZ 85202
Office: (480) 448-9800

Glendale Location:
20325 N 51st Avenue,
Suite #134, Building 5
Glendale, AZ 85308
Office: (602) 509-0955

Avondale Location:
12725 West Indian School Rd.,
Suite E, #101
Avondale, AZ 85392
Office: (623) 499-4222

Tucson Location:
2 East Congress St.,
Suite #900-6A
Tucson, AZ 85701
Office: (520) 441-1450

Our Phoenix bankruptcy lawyers are located in Phoenix, Arizona, and serve bankruptcy clients in Scottsdale, Phoenix, Glendale, Tempe, Mesa, Chandler, Pleasant Valley, Avondale, Cashion, El Mirage, Peoria, Sun City, Sun City West, Tolleson, Youngtown, Gilbert, Queen Creek, Casa Grande, Surprise, Prescott, Marana, Tucson, Flagstaff as well as Pima, Pinal, and Maricopa County.
DISCLAIMER: The information you obtain at this Arizona Bankruptcy Law web site is not, nor is it intended to be, legal advice. You should consult a Phoenix lawyer for advice regarding your individual situation. Our Arizona Bankruptcy lawyers and staff invite you to contact our Arizona Bankruptcy Law Firm and welcome your calls, letters, and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.  Thank you for visiting our Phoenix debt relief web site.

Why Choose My AZ Lawyers ?

My AZ LAWYERS  – Excellent SERVICE and REPRESENTATION

You will receive a level of service that proves that our clients matter to our staff.  The attorneys at My AZ Lawyers are experts in their area of practice, and experience does matter when choosing a firm to represent you.  Our staff provides each case with attention to their specific needs.  Our firm will work with your schedule, and are available evenings and weekends.

MY AZ LAWYERS – EXPERIENCE AND KNOWLEDGE

It is our business to know the ins-and-outs of the bankruptcy process, policies and procedures.  Our Arizona Law Firm has represented clients successfully in both business and personal bankruptcy and debt relief services.  The attorneys work for you to achieve your financial goals with your best interests in mind.  Our firm has handled many cases and successfully helped clients resolve their debt and attain financial freedom.

MY AZ LAWYERS – UNBEATABLE PRICING

My AZ Lawyers offers “affordable legal help for AZ.”  Our firm offers affordable and flexible fees, payment options, and “File Now, Pay Later” plan.  My AZ Lawyer’s representation is superior, despite the fact we work with clients in order make payment arrangements and charge a fair price.

 CALL 480-448-9800 to schedule an appointment with an attorney at My AZ Lawyers today!

OUR PHOENIX BANKRUPTCY LAWYERS ARE LOCATED IN PHOENIX, ARIZONA, AND SERVE BANKRUPTCY CLIENTS IN SCOTTSDALE, PHOENIX, GLENDALE, TEMPE, MESA, CHANDLER, PLEASANT VALLEY, AVONDALE, CASHION, EL MIRAGE, PEORIA, SUN CITY, SUN CITY WEST, TOLLESON, YOUNGTOWN, GILBERT, QUEEN CREEK, CASA GRANDE, SURPRISE, PRESCOTT, MARANA, TUCSON, FLAGSTAFF AS WELL AS PIMA, PINAL, AND MARICOPA COUNTY.
DISCLAIMER: THE INFORMATION YOU OBTAIN AT THIS ARIZONA BANKRUPTCY LAW WEB SITE IS NOT, NOR IS IT INTENDED TO BE, LEGAL ADVICE. YOU SHOULD CONSULT A PHOENIX LAWYER FOR ADVICE REGARDING YOUR INDIVIDUAL SITUATION. OUR ARIZONA BANKRUPTCY LAWYERS AND STAFF INVITE YOU TO CONTACT OUR ARIZONA BANKRUPTCY LAW FIRM AND WELCOME YOUR CALLS, LETTERS, AND ELECTRONIC MAIL. CONTACTING US DOES NOT CREATE AN ATTORNEY-CLIENT RELATIONSHIP. PLEASE DO NOT SEND ANY CONFIDENTIAL INFORMATION TO US UNTIL SUCH TIME AS AN ATTORNEY-CLIENT RELATIONSHIP HAS BEEN ESTABLISHED.  THANK YOU FOR VISITING OUR PHOENIX DEBT RELIEF WEB SITE.

Bankruptcy Myths

Bankruptcy Myth:  If you file for bankruptcy you will lose your home.

In most cases, the truth is you will be able to keep your home.  In a Chapter 7 bankruptcy, your home is a common exemption in the debt elimination proceedings.  In a Chapter 13, the reorganization will allow you to restructure the debt so that you are able to pay off your home and any back payments.   Discuss your concerns with an experienced bankruptcy attorney at My AZ Lawyers to get the entire truth and understand how filing for bankruptcy may help your financial situation.

Bankruptcy Myth:  If you file for bankruptcy, you will lose everything, including all your personal belongings.

The one thing you want to lose in a bankruptcy, is debt.  It can be eliminated and you can start with a clean slate.  Generally, you are allowed to keep most of your personal belongings including your vehicle and a portion on your bank account balance.  Call 480-448-9800 for a FREE CONSULTATION with an experienced Arizona bankruptcy law attorney for more information on the advantages and disadvantages of filing bankruptcy.

 Bankruptcy Myth:  If you file for bankruptcy, your credit will be ruined.

If you are buried in debt and missing payments right now, your credit is already probably not good.  And it will continue to get worse.  Filing for bankruptcy could be the start to improving your credit. Once you wipe away your debt, you can immediately start over and begin building your credit score.  My AZ Lawyers is with you throughout the entire bankruptcy process, and this includes working with clients after a discharge in order to improve credit immediately after the bankruptcy case is completed.

Bankruptcy Myth:  If you File for Bankruptcy, you’re a Loser

Not-lazy-hard-working-upstanding-law abiding-people file bankruptcy because they come down with a serious illness that wipes out their bank account and savings, and the medical bills are so high they could never be paid back.  Are these people who suffer a misfortune such as an unforeseen tragedy losers? Life isn’t perfect, things happen that are out of our control:  bankruptcy protection was designed to correct these incidents.  Don’t let anyone tell you that you are a deadbeat or a loser or a bad person because you use bankruptcy as an option to get your life back.  Instead of feeling guilt and not resolving the debt issues, find out the truth about bankruptcy and how it can help your matter.  There are many examples of successful people who have filed bankruptcy.

The reality is, we have to face reality.  And that is divorce, overspending, loos of a job, the economy, unforeseen tragedies, a bad business venture.  Bankruptcy helps those who need to pick themselves up and start over again, hopefully learning a life lesson.

By living in reality, not in the world ruled by myths we might understand why certain feelings and actions are associated with bankruptcy.  Speak with an attorney experienced in bankruptcy law and ask the questions that are on your mind.  Having knowledge about the bankruptcy process and regaining control back of your life is better than stressing over what someone might think about you if they knew you were considering filing Chapter 7. You have an opportunity to wipe the slate clean and start over again.  Don’t let a silly myth get in your way of achieving your financial goals.

 CALL 480-448-9800 TO SCHEDULE AN APPOINTMENT WITH AN ATTORNEY AT MY AZ LAWYERS TODAY!

OUR PHOENIX BANKRUPTCY LAWYERS ARE LOCATED IN PHOENIX, ARIZONA, AND SERVE BANKRUPTCY CLIENTS IN SCOTTSDALE, PHOENIX, GLENDALE, TEMPE, MESA, CHANDLER, PLEASANT VALLEY, AVONDALE, CASHION, EL MIRAGE, PEORIA, SUN CITY, SUN CITY WEST, TOLLESON, YOUNGTOWN, GILBERT, QUEEN CREEK, CASA GRANDE, SURPRISE, PRESCOTT, MARANA, TUCSON, FLAGSTAFF AS WELL AS PIMA, PINAL, AND MARICOPA COUNTY.
DISCLAIMER: THE INFORMATION YOU OBTAIN AT THIS ARIZONA BANKRUPTCY LAW WEB SITE IS NOT, NOR IS IT INTENDED TO BE, LEGAL ADVICE. YOU SHOULD CONSULT A PHOENIX LAWYER FOR ADVICE REGARDING YOUR INDIVIDUAL SITUATION. OUR ARIZONA BANKRUPTCY LAWYERS AND STAFF INVITE YOU TO CONTACT OUR ARIZONA BANKRUPTCY LAW FIRM AND WELCOME YOUR CALLS, LETTERS, AND ELECTRONIC MAIL. CONTACTING US DOES NOT CREATE AN ATTORNEY-CLIENT RELATIONSHIP. PLEASE DO NOT SEND ANY CONFIDENTIAL INFORMATION TO US UNTIL SUCH TIME AS AN ATTORNEY-CLIENT RELATIONSHIP HAS BEEN ESTABLISHED.  THANK YOU FOR VISITING OUR PHOENIX DEBT RELIEF WEB SITE.

Stop Wage Garnishment

Your wages are being garnished by a creditor – take action immediately

Stop Wage Garnishment – My az lawyers 480-448-9800

Filing a petition for bankruptcy puts an immediate stop to wage garnishment.  My AZ Lawyers helps clients with all types of debts. When a creditor resorts to a court-ordered wage garnishment, My AZ Lawyers can help.  It is important to consult with an experienced Arizona Bankruptcy law attorney because even if you have debt that are not dischargeable by bankruptcy, an attorney can help you to seek other debt resolution programs in order to solve your financial issues. My AZ Lawyers will offer legal advice that can help you to make decisions on how to approach your debt.

If you are already missing or behind on payments, and living from paycheck to paycheck, losing a quarter of your paycheck sounds terrifying. Not only is wage garnishment bad for you, but it has a domino effect:  you really don’t have money for the car payment, mortgage, rent, credit card bills… and it is a tough cycle to break and transition out of and come out ahead.

You can stop a wage garnishment by filing for bankruptcy. As soon as it is filed, the bankruptcy court issues an order stopping ALL creditor collections against you, including the wage garnishment.

If you get notification that your wages will be garnished from your next paycheck, contact My AZ Lawyers and discuss your situation with an experienced Arizona Bankruptcy Law attorney. The attorneys will assist you and advise you on the proper and prompt action that you will need to take in order not to miss one single paycheck.

You need to act quickly upon notice of a wage garnishment.  My AZ Lawyers, then, will act quickly to help you file your case.  The attorneys at our firm are experts in the bankruptcy and wage garnishment laws in Arizona.

 CALL 480-448-9800 TO SCHEDULE AN APPOINTMENT WITH AN ATTORNEY AT MY AZ LAWYERS TODAY!

OUR PHOENIX BANKRUPTCY LAWYERS ARE LOCATED IN PHOENIX, ARIZONA, AND SERVE BANKRUPTCY CLIENTS IN SCOTTSDALE, PHOENIX, GLENDALE, TEMPE, MESA, CHANDLER, PLEASANT VALLEY, AVONDALE, CASHION, EL MIRAGE, PEORIA, SUN CITY, SUN CITY WEST, TOLLESON, YOUNGTOWN, GILBERT, QUEEN CREEK, CASA GRANDE, SURPRISE, PRESCOTT, MARANA, TUCSON, FLAGSTAFF AS WELL AS PIMA, PINAL, AND MARICOPA COUNTY.
DISCLAIMER: THE INFORMATION YOU OBTAIN AT THIS ARIZONA BANKRUPTCY LAW WEB SITE IS NOT, NOR IS IT INTENDED TO BE, LEGAL ADVICE. YOU SHOULD CONSULT A PHOENIX LAWYER FOR ADVICE REGARDING YOUR INDIVIDUAL SITUATION. OUR ARIZONA BANKRUPTCY LAWYERS AND STAFF INVITE YOU TO CONTACT OUR ARIZONA BANKRUPTCY LAW FIRM AND WELCOME YOUR CALLS, LETTERS, AND ELECTRONIC MAIL. CONTACTING US DOES NOT CREATE AN ATTORNEY-CLIENT RELATIONSHIP. PLEASE DO NOT SEND ANY CONFIDENTIAL INFORMATION TO US UNTIL SUCH TIME AS AN ATTORNEY-CLIENT RELATIONSHIP HAS BEEN ESTABLISHED.  THANK YOU FOR VISITING OUR PHOENIX DEBT RELIEF WEB SITE.

 

 

 

 

 

Meet Our Bankruptcy Attorneys

Feeling stress, anxiety, and hopelessness because of overwhelming debt? The attorneys at My AZ Lawyers are debt relief specialists.  There is hope, there is a way out of crushing debt. Connect with our experienced Arizona bankruptcy law attorneys. Our firm and attorneys are dedicated to helping our clients eliminate debt.  Call My AZ Lawyers to schedule a free consultation and free debt evaluation.  You can consult with the lawyers either by phone or in-office.

EVENING AND WEEKEND BANKRUPTCY CONSULTATIONS AVAILABLE  480-833-8000

Filing bankruptcy in Arizona may be exactly the means by which to provide debt relief when you need it most. Getting debt relief through filing for bankruptcy can be a complicated process. A My AZ Lawyer bankruptcy attorney can discuss this opportunity with you and offer options for your specific financial situation.

My AZ Lawyers debt relief specialist and arizona bankruptcy attorney MORGAN MCCAIN

1_D12 copy
Contact Mr. McCain at 480-448-9800

Morgan McCain is an associate attorney with My AZ Lawyers, PLC. His practice areas include bankruptcy law, estate planning and probate law. He is admitted to practice law in all state and federal courts in Arizona.

Morgan is a “Zonie” and Valley Native having been born and raised in Mesa. After high school, Morgan began his college studies at LDS Business College in Salt Lake City, Utah; and after spending a few winters away from his native Arizona and its warm winters, he returned to the valley to complete his studies at Arizona State University. He graduated from ASU with bachelor degrees in Political Science and History.

After completing his studies at ASU, Morgan and his wife moved to Tulsa, Oklahoma where he attended law school at The University of Tulsa. During law school, Morgan completed a joint degree, also earning a master’s degree in History. He was an integral part in creating the Tulsa Law chapter of the J. Reuben Clark Law Society, and also served as a member of its Presidency for two years. Also while in law school, Morgan was a student clinician at the Boesche Legal Clinic, where he had the opportunity to work with and assist members of the Tulsa community in estate planning and probate matters.

It was during this time that Morgan realized he loved meeting with clients and helping them find solutions to their legal needs. Since law school Morgan has continued to hone his people skills and legal knowledge by working for a tribal government’s legal services department; as well as working for three different bankruptcy and consumer law firms in the valley prior to joining My AZ Lawyers.

Morgan has a beautiful wife who is an elementary school teacher with Mesa Public Schools, and is the proud father of three beautiful girls and one handsome boy. In his spare time, Morgan enjoys spending time with his family as well as reading and attending ASU football games.

Education:

LDS Business College (A.S., 1999)
Arizona State University (B.A., B.S. 2002)
The University of Tulsa (M.A., J.D., 2005)

Bar and Court Admissions:

Arizona Supreme Court – 2007
Federal District Court, Arizona – 2008

1_6ss
Rob Curigliano, Associate Attorney, My AZ Lawyers

ROB CURIGLIANO, attorney at My AZ Lawyers, PLLC

Mr. Curigliano has nearly a decade of legal experience.  Beginning in 2005 he worked as a legal research assistant where he regularly consulted with practicing attorneys and instructed them on how to conduct proper and efficient legal research.  Thereafter, in 2007, Mr. Curigliano worked for the Court of Common Pleas as a Judicial Law Clerk.  During this period of time he had an opportunity to observe court proceedings on a daily basis, conduct legal research for the presiding Judge John A. Zottola, and drafted judicial opinions.  During his tenure there he worked extensively on Com v Bakth where he had an opportunity to instruct the Pennsylvania Attorney General’s office on their investigation techniques.

Upon graduation from law school, Mr. Curigliano opened his own law practice.  During this period of his career he handled all client matters from initial contact to final adjudication of their case in diverse areas such as Criminal Defense, Bankruptcy, and Domestic Relations Law.  After nearly two years of working on his own, the firm Griffith, MacCague, and Wallace hired Mr. Curigliano to run their utility law department.  It was during this period of time that Rob began his work in the Bankruptcy Court.  Working primarily as a creditor’s rights attorney, Mr.Curigliano had the opportunity to litigate numerous cases in front of the Bankruptcy Court of the Western District of Pennsylvania.  After a year of running this department, Mr. Curigliano missed running his own practice and decided to part with the Firm to resume his private practice.

In December of 2013 a chance encounter with a fellow Law School classmate provided a new and unique opportunity for Mr. Curigliano.  It was brought to his attention that there was a current opening at My AZ Lawyers in Phoenix Arizona.  In January of 2014 Mr. Curigliano flew into Phoenix Arizona in order to discuss possible employment with the firm.  Nearly immediately he felt at home at My AZ Lawyers and he began working in all areas of My AZ Lawyers practice areas.

EDUCATION

Duquesne University School of Law                                                                                                         

Juris Doctorate, May, 2008

Honors:  Cali. Award for Excellence – Judge Manning’s Trial Advocacy Course

Activities:  Environmental Law Society

Duquesne University

Bachelor of Arts: Political Science and English, April 2004

Activities:  Delta Chi Fraternity

Admissions:

Admitted the Arizona State Bar, Federal Court of Arizona, Pennsylvania State Bar and the Western District of Pennsylvania Federal Court

OUR PHOENIX BANKRUPTCY LAWYERS ARE LOCATED IN PHOENIX, ARIZONA, AND SERVE BANKRUPTCY CLIENTS IN SCOTTSDALE, PHOENIX, GLENDALE, TEMPE, MESA, CHANDLER, PLEASANT VALLEY, AVONDALE, CASHION, EL MIRAGE, PEORIA, SUN CITY, SUN CITY WEST, TOLLESON, YOUNGTOWN, GILBERT, QUEEN CREEK, CASA GRANDE, SURPRISE, PRESCOTT, MARANA, TUCSON, FLAGSTAFF AS WELL AS PIMA, PINAL, AND MARICOPA COUNTY.
DISCLAIMER: THE INFORMATION YOU OBTAIN AT THIS ARIZONA BANKRUPTCY LAW WEB SITE IS NOT, NOR IS IT INTENDED TO BE, LEGAL ADVICE. YOU SHOULD CONSULT A PHOENIX LAWYER FOR ADVICE REGARDING YOUR INDIVIDUAL SITUATION. OUR ARIZONA BANKRUPTCY LAWYERS AND STAFF INVITE YOU TO CONTACT OUR ARIZONA BANKRUPTCY LAW FIRM AND WELCOME YOUR CALLS, LETTERS, AND ELECTRONIC MAIL. CONTACTING US DOES NOT CREATE AN ATTORNEY-CLIENT RELATIONSHIP. PLEASE DO NOT SEND ANY CONFIDENTIAL INFORMATION TO US UNTIL SUCH TIME AS AN ATTORNEY-CLIENT RELATIONSHIP HAS BEEN ESTABLISHED.  THANK YOU FOR VISITING OUR PHOENIX DEBT RELIEF WEB SITE

 

Chapter 13 Bankruptcy

HOW A CHAPTER 13 BANKRUPTCY WORKS

 Payment and retention of a home usually is the top priority when filing and planning a Chapter 13 bankruptcy.  Sometimes referred to as a “home-saver” bankruptcy, a Chapter 13 allows you to combine your debts (secured and unsecured), devise a repayment plan, and repay some or all of your debt while protecting you from liquidation or creditor harassment.  In one monthly, reasonable payment you are able to pay on the debt. 

For individuals with regular income, Chapter 13 is a consolidation and repayment form of bankruptcy. Chapter 13 provides protection from your creditors and allows you to keep property and repay creditors via a manageable payment plan. Based on the amount of your debts, income and living expenses, an attorney at My AZ Lawyers will help you establish a repayment plan. The amount of repayment is set and paid to a Chapter 13 Trustee, who distributes the money to your creditors.  Chapter 13 is an affordable option for debt relief that retains property and repays creditors for those individuals who have regular income.  

take back control

Chapter 13 bankruptcy protection is available for individuals or and not businesses (unless the individual is a sole proprietor, this qualifying). Generally, an individual can retain all personal property in a Chapter 13 filing as long as the Bankruptcy Court approves the proposed repayment plan.   n order to protect your valuable assets and accustomed lifestyle, the sooner the case is filed, the better.  It is best to schedule an appointment with a MY AZ LAWYERS attorney to discuss the plan you need to submit.

my az lawyers offers affordable legal help for az

Chapter 13 bankruptcy – Consolidate your debts and protect your property

  • Stop harassing creditor phone calls
  •  Prevent your home from going into foreclosure
  •  Protect your car from repossession
  •  Stop wage garnishments
  • Stop bank account levies
  •  Prevent lawsuits.
  •  Possibly eliminate debt

CHAPTER 13 BANKRUPTCY  PROCESS

From filing to discharge, typically a Chapter 13 could last 32 to 60 months.  Your attorney at My AZ Lawyers will be better able to assess the length of the case based upon your personal situation and their past experiences filing Chapter 13.  In terms of the plan, there are factors that determine your time line: amount of payment, income guidelines, and disposable income all are taken into consideration.

In order to begin the process of filing for Chapter 13 bankruptcy,  contact My AZ Lawyers to assist you with the complicated rules and procedures involved in the filing.

  • Prepare the appropriate paperwork and fill out the needed forms.  (If married, spouse fills out forms as well).  Your attorney will instruct you as to which forms you need and how to correctly prepare them.
  • Meet with My AZ Lawyers to review your paperwork and assess your financial situation and determine if a Chapter 13 bankruptcy is in your best interest.  Your attorney will give you advice as to what your best options are for you in order to be debt-free.
  • Complete credit counseling course.  Before filing Chapter 13, you are required to complete a session on credit counseling.
  • Approximately a month after filing your case, you and your attorney meet with creditors at a hearing called the Meeting of Creditors.  A Chapter Trustee reviews your case at this hearing.
  • A bankruptcy Judge approves your payment plan at a Confirmation Hearing.
  • A second credit counseling course must be completed before receiving discharge papers.
  • An order of discharge from the Bankruptcy Court is issued upon completion of your repayment plan and all met requirements of Chapter 13 bankruptcy law.

CONTACT MY AZ LAWYERS TO SCHEDULE YOUR FREE CONSULTATION WITH AN EXPERIENCED BANKRUPTCY LAW ATTORNEY. 480-448-9800

One key benefit to the Chapter 13 filing, is that the unsecured debt is addressed interest free.  There is no outrageous interest rates on credit cards as you pay your debt.  Chapter 13 is a good option for some individuals who do not qualify for chapter 7 bankruptcy but still want to achieve a debt-free future.

 DEBTS NOT DISCHARGED IN CHAPTER 13

  •  Child or Spousal support
  • Criminal fines or penalties
  • Debts incurred through fraud
  • Student loans
  • Debt due to property settlement in a divorce
  • Some kinds of taxes including real estate and income tax (these may be addressed in the payment plan, just not eliminated)
  • Debt from property damage or personal injury done willfully or maliciously

 ADVANTAGES TO FILING CHAPTER 13 BANKRUPTCY

  • Prevents mortgage default
  • NO INTEREST on credit card and finance company debt
  • NO INTEREST on tax debt or penalties
  • Possible elimination of a second mortgage lien debt
  • Reduced interest rates on secured loans
  • My AZ Lawyers are experienced in filing Chapter 13 bankruptcies and can help you take advantage of this type of debt relief.

MY AZ LAWYERS OFFERS AFFORDABLE LEGAL REPRESENTATION FOR ARIZONA

OUR PHOENIX BANKRUPTCY LAWYERS ARE LOCATED IN PHOENIX, ARIZONA, AND SERVE BANKRUPTCY CLIENTS IN SCOTTSDALE, PHOENIX, GLENDALE, TEMPE, MESA, CHANDLER, PLEASANT VALLEY, AVONDALE, CASHION, EL MIRAGE, PEORIA, SUN CITY, SUN CITY WEST, TOLLESON, YOUNGTOWN, GILBERT, QUEEN CREEK, CASA GRANDE, SURPRISE, PRESCOTT, MARANA, TUCSON, FLAGSTAFF AS WELL AS PIMA, PINAL, AND MARICOPA COUNTY.
DISCLAIMER: THE INFORMATION YOU OBTAIN AT THIS ARIZONA BANKRUPTCY LAW WEB SITE IS NOT, NOR IS IT INTENDED TO BE, LEGAL ADVICE. YOU SHOULD CONSULT A PHOENIX LAWYER FOR ADVICE REGARDING YOUR INDIVIDUAL SITUATION. OUR ARIZONA BANKRUPTCY LAWYERS AND STAFF INVITE YOU TO CONTACT OUR ARIZONA BANKRUPTCY LAW FIRM AND WELCOME YOUR CALLS, LETTERS, AND ELECTRONIC MAIL. CONTACTING US DOES NOT CREATE AN ATTORNEY-CLIENT RELATIONSHIP. PLEASE DO NOT SEND ANY CONFIDENTIAL INFORMATION TO US UNTIL SUCH TIME AS AN ATTORNEY-CLIENT RELATIONSHIP HAS BEEN ESTABLISHED.  THANK YOU FOR VISITING OUR PHOENIX DEBT RELIEF WEB SITE.

Chapter 7 Bankruptcy

CHAPTER 7 BANKRUPTCY

MY AZ LAWYERS ASSIST WITH EMERGENCY BANKRUPTCY FILINGS!

Because it provides debt relief for people who have excessive debt, Chapter 7 bankruptcy is referred to as a “fresh start” bankruptcy or “liquidation” bankruptcy.  Individuals from all professions and economic statuses find themselves owing an overwhelming amount of debt —Chapter 7 bankruptcy is a means to eliminate medical debt, credit card debt, judgements and/or lawsuits against you.  The fresh start to a life without debt starts here.

THE  CHAPTER 7 BANKRUPTCY PROCESS

Contact My AZ Lawyers 480-448-9800 for a FREE CONSULTATION with an attorney experienced in the legal process and proceedings of bankruptcy law.

Process Step 1:  Call My AZ Lawyers 

The first thing you should do if you are considering filing Chapter 7 bankruptcy, is to call the law office of My AZ Lawyers.  Why?  An experienced bankruptcy attorney can asses your financial situation and evaluate your debt.  Take advantage of a FREE CONSULTATION in which a lawyer can help you go over your income, expenses, and all debt in order to get a true picture of your financial situation.  By doing this, you can visit your options and make good decisions.  

Process Step 2: Determine your eligibility for a bankruptcy 

Determining if a Chapter 7 bankruptcy is right for you is something that needs to be discussed with an attorney. Meet with a lawyer at My AZ Lawyers, provide some financial information, then be advised as to what would be the next best step to take in order to get you your fresh start.  Some clients discover that they would better benefit by filing a Chapter 13 bankruptcy, or sometimes bankruptcy is not necessary, (debt settlement) as the bankruptcy attorneys at My AZ Lawyers know the ins-and-outs of the process. The bankruptcy code is complicated, and you are allowed “exemptions” which allow you to keep certain property in your bankruptcy. So you want an attorney to look at they property you own.

Process step 3:  choose the correct Chapter bankruptcy to file:  Chapter 7, 13, 11? 

Arizona has its own set of exemptions and dollar limits on what you allowed to keep. There are exemptions for housing and vehicle.  An attorney can analyze and determine how and if these will work in your favor. Our attorneys are experts at Arizona bankruptcy law and know all the exemptions.

Step 4:  Provide information and documentation to the staff at My AZ Lawyers  to get started on your petition filing, attend one (of two) credit counseling class

If you decide to  proceed with a bankruptcy, the law firm collects more information and you take an online credit counseling class (one hour) before then attorney can file your bankruptcy.  The bankruptcy court requires this to be done, but it is available to take 24/7.

 My AZ Lawyers offers payment plans:  low-fee guarantee, file now, pay later — our law firm wants to give superb legal representation to Arizona clients at an affordable rate.

You will need to provide paperwork to the office, and we will file with the bankruptcy court (typically a 2 week process). After reviewing the paperwork and signing that it is correct, it is filed, and you are assigned a case number. Many clients think once they come into the law office and retain an attorney, they will get filed the next day, but  it is a process that takes a few weeks.

If you have a need for an emergency filing, and cannot wait the 2-week period, contact My AZ Lawyers immediately if your filing is urgent.

Many clients think once they come into the law office and retain an attorney, they will get filed the next day, but  it is a process that takes a few weeks.

An Automatic Stay will go into effect once your bankruptcy car is filed.  This bankruptcy provision means that all creditor collection activity is required to stop.  This includes phone calls, letters, repossessions, and home foreclosures.  If any of your creditors wish to make any further communications, they would have to go through the attorney.

 Process Step 4:  My AZ Lawyers will file your bankruptcy, you will appear in court, then attend a second online class

Approximately 40 days after filing, you will attend a “first meeting of creditors” hearing at court. A bankruptcy trustee will review your petition and ask you questions.  Creditors are allowed to also attend this hearing. The hearings are informal and typically do not last long. Your lawyer from My AZ Lawyers will be at that hearing with you.  The hearing is a basic and simple process.  After attending the hearing, you must forego a 60 day waiting period.  This is just to give both creditors and bank trustees time if needed to follow-up on the hearing if they choose to do so.

During this 60 day time frame, you are then required to take a second online class  —- this needs to be completed in order to receive your discharge. There is a small fee and it takes a couple of hours.

Process step 5:  once all requirements are met, a discharge is granted 

Once you have completed all the requirements and waited the 60 days, you will receive a discharge:  an order form the court that eliminates all of your debt that can be eliminated legally.

In total, from the time your case is filed to getting your discharge papers, expect the process to take 3-4 months.

 IS CHAPTER 7 RIGHT FOR YOU

You should seek advice from My AZ Lawyers about your financial situation.  An attorney who has practice with bankruptcy cases will help you to understand both the law and your options.  Maybe Chapter 7 is not available to you.  Maybe a chapter 11 or 13 would offer more effective debt relief for your case.  Maybe your issues can be resolved by debt negotiation.

OUR PHOENIX BANKRUPTCY LAWYERS ARE LOCATED IN PHOENIX, ARIZONA, AND SERVE BANKRUPTCY CLIENTS IN SCOTTSDALE, PHOENIX, GLENDALE, TEMPE, MESA, CHANDLER, PLEASANT VALLEY, AVONDALE, CASHION, EL MIRAGE, PEORIA, SUN CITY, SUN CITY WEST, TOLLESON, YOUNGTOWN, GILBERT, QUEEN CREEK, CASA GRANDE, SURPRISE, PRESCOTT, MARANA, TUCSON, FLAGSTAFF AS WELL AS PIMA, PINAL, AND MARICOPA COUNTY.
DISCLAIMER: THE INFORMATION YOU OBTAIN AT THIS ARIZONA BANKRUPTCY LAW WEB SITE IS NOT, NOR IS IT INTENDED TO BE, LEGAL ADVICE. YOU SHOULD CONSULT A PHOENIX LAWYER FOR ADVICE REGARDING YOUR INDIVIDUAL SITUATION. OUR ARIZONA BANKRUPTCY LAWYERS AND STAFF INVITE YOU TO CONTACT OUR ARIZONA BANKRUPTCY LAW FIRM AND WELCOME YOUR CALLS, LETTERS, AND ELECTRONIC MAIL. CONTACTING US DOES NOT CREATE AN ATTORNEY-CLIENT RELATIONSHIP. PLEASE DO NOT SEND ANY CONFIDENTIAL INFORMATION TO US UNTIL SUCH TIME AS AN ATTORNEY-CLIENT RELATIONSHIP HAS BEEN ESTABLISHED. THANK YOU FOR VISITING OUR PHOENIX DEBT RELIEF WEB SITE

Frequently Asked Questions

Understanding Arizona Bankruptcy Better

The Law Office of My AZ Lawyers 480-488-9800

How Long does the bankruptcy process take?

Obviously no two bankruptcies are exactly the same.  Typically, a Chapter 7 bankruptcy can take about four months (from the time of filing to the final discharge.) A Chapter 13 bankruptcy can take 36 to 60 months to entirely complete.

what is an automatic stay?

When a bankruptcy is filed, an automatic stay is put into effect.  This means that ALL CREDITOR COLLECTION ACTIVITY MUST STOP.  Wage garnishments, bank levy, collection phone calls, foreclosures, reposessions…  under bankruptcy protection, the automatic stay requires creditors to immediately cease and desist all collection activities.

what property will be protected if i declare bankruptcy?

Arizona has exemption laws.  If you have lived in AZ for two years or more prior to filing your bankruptcy, you can typically protect your property under these laws.

what if i need to file bankruptcy, but i’m a business owner

The answer here is to contact My AZ Lawyers.  This is a perfect example of a case that needs the attention of a knowledgable and experienced AZ bankruptcy law attorney.  My AZ Lawyers will determine which type of bankruptcy is best for your situation. The lawyers will hear your issues and concerns and help you decide which options are best to meet your financial goals both personally and for your business.

what about my student loan debt? 

It should be noted that it is virtually impossible to discharge student loans in any type of bankruptcy.

Laws Regarding Tax Discharge

In some cases taxes that are overdue by more than 3 years may be dischargeable, while other types of taxes are generally not dischargeable under Chapter 7 or Chapter 13 bankruptcy.

Laws Regarding Child Support and Utility Bills

Simply stated child-support and spousal maintenance are in no way dischargeable under bankruptcy laws, however, utility bills are generally dischargeable.

Other points to consider with regard to filing for bankruptcy include knowing that your employer will generally not be notified unless he or she is owed money. In addition, all debts including credit card debt should always be listed when filing for bankruptcy. It is also important to note that in some cases a tax refund may become subject to a bankruptcy and included by a trustee. Those considering bankruptcy should know that every case is unique and that by enlisting the services of a skilled and qualified attorney such as Kathy Johnson you will be more likely to come out of your bankruptcy in a successful and positive way.

FREE CONSULTATION

Gilbert, Arizona Debt relief attorney

images (2)Despite your best efforts to be in control of your finances and debt, sometimes life hands us unexpected challenges.

TELL US ABOUT YOUR CASE AND YOUR CONCERNS ABOUT YOUR FINANCIAL ISSUES. 

FREE EVALUATION / CONSULTATION BY PHONE or IN-OFFICE

Take advantage of My AZ Lawyers FREE CONSULTATION.  Ask our staff what our experienced Arizona Bankruptcy and debt relief law firm can offer your specific financial needs.  We would like to experience exceptional representation at an affordable cost, so be sure to ask how we can help you retain our services on your budget.  We offer a “File Now, Pay Later” plan as well as other payment options.

Turn to My AZ Lawyers for advise and options for debt relief. Contact an experienced and trusted staff dedicated to helping your financial goals.

MY AZ LAWYERS – GILBERT, ARIZONA LAW OFFICE 480-833-8000

images (5)Initial consultations and case evaluations are free. To get the best desired outcome, you need to reach out to an attorney with expertise in Arizona bankruptcy law and experience in the Arizona bankruptcy court proceedings and process.  My AZ Lawyers will protect your rights and offer expert representation at an affordable price.

OUR PHOENIX BANKRUPTCY LAWYERS ARE LOCATED IN PHOENIX, ARIZONA, AND SERVE BANKRUPTCY CLIENTS IN SCOTTSDALE, PHOENIX, GLENDALE, TEMPE, MESA, CHANDLER, PLEASANT VALLEY, AVONDALE, CASHION, EL MIRAGE, PEORIA, SUN CITY, SUN CITY WEST, TOLLESON, YOUNGTOWN, GILBERT, QUEEN CREEK, CASA GRANDE, SURPRISE, PRESCOTT, MARANA, TUCSON, FLAGSTAFF AS WELL AS PIMA, PINAL, AND MARICOPA COUNTY.
DISCLAIMER: THE INFORMATION YOU OBTAIN AT THIS ARIZONA BANKRUPTCY LAW WEB SITE IS NOT, NOR IS IT INTENDED TO BE, LEGAL ADVICE. YOU SHOULD CONSULT A PHOENIX LAWYER FOR ADVICE REGARDING YOUR INDIVIDUAL SITUATION. OUR ARIZONA BANKRUPTCY LAWYERS AND STAFF INVITE YOU TO CONTACT OUR ARIZONA BANKRUPTCY LAW FIRM AND WELCOME YOUR CALLS, LETTERS, AND ELECTRONIC MAIL. CONTACTING US DOES NOT CREATE AN ATTORNEY-CLIENT RELATIONSHIP. PLEASE DO NOT SEND ANY CONFIDENTIAL INFORMATION TO US UNTIL SUCH TIME AS AN ATTORNEY-CLIENT RELATIONSHIP HAS BEEN ESTABLISHED. THANK YOU FOR VISITING OUR PHOENIX DEBT RELIEF WEB SITE