Ahwatukee, Arizona Bankruptcy Attorneys
Chapter 7 Bankruptcy ATTORNEYS IN Ahwatukee
Our Ahwatukee Chapter 7 bankruptcy lawyers can provide financial freedom by experienced and professional legal assistance. When you’re life is affected in every way by debt and debt stress, you may consider Chapter 7 bankruptcy as the lifeline you need. Filing a Chapter 7 bankruptcy is an option to eliminate unsecured debts and begin a bright financial future with a “Fresh Start”.
Ahwatukee Chapter 13 Bankruptcy ATTORNEYS
The Ahwatukee Chapter 13 bankruptcy attorneys at our debt-relief law firm understand that good people of Ahwatukee need financial help at times. What you might not know, however, is that, even when experiencing crushing debt, there are options. Allow our Arizona bankruptcy legal team assist you and help you understand the Chapter 13 bankruptcy process.
Ahwatukee ZERO DOWN ($0) TO FILE Bankruptcy
$0 down bankruptcy program allows Ahwatukee residents needing to file bankruptcy to achieve debt relief. Financial freedom may become a reality for those who cannot fund the legal fees up front. File bankruptcy with our Ahwatukee Bankruptcy Attorneys with no money down. Ahwatukee clients also take advantage of our free consultations and debt evaluation, either in office or by phone.
How Can Bankruptcy Help Me?
An experienced lawyer will apply the Bk rules of both Chapter 7 and Chapter 13 bankruptcies to your particular situation. Your bankruptcy attorney after looking at your specific situation determines which option may be better for you. A Chapter 7 bankruptcy is a “fresh start”, where 100% of your unsecured nonpriority debt is discharged. Whereas, a Chapter 13 bankruptcy (also called a Wage Earner’s Bankruptcy) helps you reorganize your debts, including tax debt and student loans. Bankruptcy can also help you end lawsuits, wage garnishments, repossessions, and judgment liens.
AHWATUKEE, ARIZONA ATTORNEYS ANSER FREQUENTLY ASKED BANKRUPTCY QUESTIONS
Yes. All wage garnishments will be halted once your case is filed. This is because you are protected by an automatic stay when you have an active bankruptcy. Garnishments can only be stopped for pay periods that have not yet been completed.
Some debts can’t be discharged in a bankruptcy. If you are being garnished for one of these, such as child support, the garnishment will resume once your case is discharged or dismissed. If your garnishment is a result of a dischargeable debt, such as credit cards, the garnishment will be permanently stopped once your case is discharged.
While it is true that a bankruptcy will remain on your credit for 7-10 years (for Chapter 13 and Chapter 7, respectively), your credit will be far from destroyed. You can expect a small decrease in your score, if any, if you already have good credit once you file. Filers with less-than-average scores will see no affect or a slight increase after filing. There are many things you can do after your case is completed to help rebuild your credit.
For Chapter 7 filers, financing a new (or used) vehicle is a great option to help their credit scores. You should be able to finance a vehicle shortly after your case is filed. You will need to wait until discharge to get new credit cards, but this is another way to rebuild your credit. Our firm’s $0 down program uses credit reporting to help boost your score as well.
While there is no minimum debt required to file bankruptcy, we typically recommend filing once unsecured debt reaches about $10,000. In a Chapter 7 bankruptcy, there is no ceiling on the amount of debt you can discharge. In a Chapter 13, the limits are $394,725 in unsecured debt and $1,184,200 in secured debt.
If you have filed a Chapter 7 Bankruptcy that was dismissed, you will have to wait 180 days before you can file another Chapter 7. If your Chapter 7 is successfully discharged, you will have to wait 8 years before you can file another Chapter 7. You will need to wait 4 years until you are eligible to file a Chapter 13. If you have completed a Chapter 13 Bankruptcy, you will need to wait 2 years before filing another Chapter 13, and 6 years before filing a Chapter 7.
Both Chapter 7 and Chapter 13 filers will need to attend a 341 Meeting of Creditors. This will be your creditors’ opportunity to show up and ask questions about your bankruptcy petition. The trustee will also ask you about your case. For most bankruptcy filers, it is a relatively simple procedure that shouldn’t take more than half an hour. In Chapter 13 Bankruptcies, there is also a hearing to confirm your payment plan. If you intend to reaffirm any of your financing agreements, you will need to attend an additional reaffirmation hearing.
If you are comfortable discussing it with others, you should ask friends or family members that have previously filed bankruptcy for attorney referrals. If no one can give you a referral, your next best bet is to online search for attorneys. The bar website for your jurisdiction should have an attorney search feature. Google, Yelp, and Avvo searches provide the benefit of client reviews. If you have an attorney for another matter such as divorce or employment, they may be able to recommend a bankruptcy attorney.
Zero Down Bankruptcy is a payment plan option some attorneys provide that allows you to pay for both your bankruptcy court filing fee and your legal representation fees after your petition is filed. Instead of paying your case in full before you file, you will have a post-filing payment plan for up to 12 months at 0% interest. Your payments will be credit reported.
Your payment plan will be determined using your income, reasonable expenses for your family size, and the amount of debt. Any outstanding balance on your vehicles, a fee for the trustee, your arrearages, your attorney’s fees, and a portion of your unsecured debts will be included.
The Automatic Stay goes into effect once your bankruptcy is filed. It protects you against different forms of debt collection, including wage garnishment, repossession, and foreclosure. The stay remains in effect until your case is discharged or dismissed. At that time, collection on non-dischargeable debts will resume, but collection on dischargeable debts will be halted permanently.
The Means Test will take your and your spouse’s (if applicable) income, subtract paycheck deductions, and also subtract reasonable monthly expenses set forth by the court. Even if your income is above your state’s median level, you can file a Chapter 7 bankruptcy if the number you reach from the Means Test is low enough. You should consult an attorney to make sure you conduct your Means Test correctly.
AHWATUKEE, ARIZONA ZERO DOWN BANKRUPTCY ATTORNEY
