TEMPE BANKRUPTCY LAWYERS

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TEMPE Zero Down Bankruptcy Attorneys

I know what you’re thinking… Is This Really a $0 Down Bankruptcy Filing?

We have handled Arizona Bankruptcy for over a decade. Our Tempe bankruptcy lawyers offer sound guidance for individuals and small businesses who are devastated by unpaid debts and other financial obstacles. Therefore, the first step toward finding a solution to your financial troubles is contacting My AZ Lawyers and discussing your situation with a Tempe bankruptcy lawyer.

Call (602) 568-7410 now to make sure to qualify.

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    How Our Top Rated TEMPE Bankruptcy Lawyers Can Help You

    Have you experienced an unexpected illness or injury? Lost your job? Gone through an expensive divorce? Or do you simply have credit cards and other debts that have gotten out of control? You don’t have to continue the cycle- debt relief is available. The seasoned professionals at My AZ Lawyers are standing by to walk you through these options, and provide bankruptcy representation if that is the best option for you. Our consultations are free of charge, and our representation fees are reasonable and fair. 

    Bankruptcy is a federal program that can be relatively short compared to other legal matters. However, it can also be complex, and the consequences of an incorrectly filed petition can be severe. That’s why it’s best to proceed with guidance from an experienced bankruptcy attorney. 

    Our bankruptcy lawyers have seen it all, and have no judgment for our clients. We will help you discharge unsecured debts like judgments, credit cards, and medical bills, and keep as many of your assets as possible. 

    In some situations, a reorganization bankruptcy may provide you more relief than a liquidation bankruptcy. This can significantly reduce the amount you pay in interest, as well as protect you from your creditors for several years in the meantime. But you don’t have to make this decision alone. Our Tempe bankruptcy attorneys are here to help you decide which form of debt relief will best suit your needs. 

    Additionally, even good people can fall behind. For example, even the most responsible people can run into trouble financially. Therefore, bankruptcy provides the option for debt relief that some people need. Given these points, consider Tempe bankruptcy services when facing the possibility of declaring bankruptcy in Tempe.

    In particular, our Tempe bankruptcy attorneys have the experience and knowledge that will benefit you greatly. Consider hiring our low cost bankruptcy services Tempe. Call us now at (602) 568-7410 for a free consultation either by phone or in our downtown Tempe bankruptcy office. Bankruptcy Services Tempe, we strive to make you debt free.

    Tempe Bankruptcy Services

    What Is It? Bankruptcy Code Explained

    Arizona bankruptcy laws offer certain protections to debtors who are needing to eliminate debt through reorganization or liquidation. Thus, the bankruptcy code, called Title 11 of the United States Code, details these procedures. Furthermore, the bankruptcy code is a uniform federal law that oversees all bankruptcy cases. In addition, it has been amended several times since it’s original completion. In fact, the filing of most bankruptcies in the bankruptcy code fall under Chapter 7, Chapter 11, and Chapter 13.

    What types of bankruptcy can I file as a consumer?

    Chapter 7 Bankruptcy in Tempe:

    This is the most popular type of bankruptcy. This could possibly be because it liquidates and discharges most types of unsecured debts. However, assets that aren’t protected by state exemptions can be seized and sold to pay debts. Your bankruptcy petition will need to include information about all of these areas so that the court can analyze and determine if you should be allowed to discharge your debts through Chapter 7 bankruptcy.

    Chapter 13 Bankruptcy in Tempe:

    This type of bankruptcy, which also is referred to as a wage earner’s bankruptcy, reorganizes debts into a payment plan. Many debts must be paid in full in the plan, but some unsecured debts can be discharged with only minimal repayment. Debtors aren’t restricted by the same income limits and asset exemptions as they would be in a Chapter 7 bankruptcy. Depending on how the debtor’s income compares to the state median, their payment plan will last 3 or 5 years.

    Chapter 11 Bankruptcy in Tempe: 

    This type of bankruptcy is typically only used by businesses and individuals with extremely high income, assets, and debts. In Chapter 11 bankruptcy, the debtor’s top creditors will join to form a creditor committee which will have authority over major financial decisions, as well as voting approval on the debtor’s proposed plan to emerge from debt. It allows a business to continue operating, where it would be forced to close in other chapters.

    Discount Bankruptcy Services Tempe

    Time is of the essence when deciding if you should file for bankruptcy.  Many of your financial situations are already dire and pressing, there is no time to waste when you have made the decision to do something effective about it. Thus, our Tempe bankruptcy lawyers from our Tempe bankruptcy law firm can assist you in determining how to resolve your financial situation and protect your rights through affordable debt relief. Isn’t it time for a fresh start? The Tempe bankruptcy lawyers from My AZ Lawyers can provide you a new start at a fraction of the cost of other Tempe attorneys.

    My AZ Lawyers Bankruptcy Attorney Can Help – Best Debt Relief Options

    Working with a My AZ Lawyer bankruptcy attorney can help you determine which option will be best for you to get the debt relief you need while also protecting your assets. In addition, filing for bankruptcy is a complex process, and it is easy to make a mistake with the documentation if you attempt to handle it yourself or to use a document service. In particular, a Tempe lawyer can help you file the paperwork properly and to help you find all the opportunities to get the best debt management plan for your circumstances.
    As a result, you should stop feeling like your financial circumstances are beyond your control. If you are struggling with debt, speak with My AZ Lawyers today for the best debt relief options in Tempe. The bankruptcy services Tempe can help. Call (602) 568-7410  for a FREE consultation.

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    ARIZONA BANKRUPTCY CODE

    Understanding bankruptcy is an important step to determining if bankruptcy is the right choice to eliminate your debt, and it can help you decide which chapter to file. For example, when individuals or businesses owe more debt than they can pay, bankruptcy laws and rules assist with debt relief. The filing of bankruptcy cases occurs in a bankruptcy court; a federal court. In addition, the federal laws that govern bankruptcy cases allow for debtors to liquidate assets to pay debt, or create a repayment plan to reorganize debt and pay back creditors over time.

    HOW IS IT POSSIBLE TO FILE BANKRUPTCY WITH Zero $ Down?

    Our debt relief team will file a skeleton petition for your case, starting the Automatic Stay so you are protected from your creditors. This also starts the clock on when you can collect debt again. The rest of the work on your case from that point will be financed in a payment plan that can last up to 12 months from filing. Your filing fee- over $300 for both bankruptcy chapters- can be financed in your plan as well. 

    Not only can you pay for your bankruptcy after filing, but you can do so at a 0% interest rate, and your plan includes credit reporting. This means that every payment you make towards your bankruptcy will help you improve your credit score after your debts have been discharged. 

    If you are in an emergency situation, our attorneys offer same day filings. This could be an impending garnishment, repossession, foreclosure, etc. We will get you filed quickly and correctly so that you can keep your assets and move forward with a clean financial slate. 

    TEMPE CHAPTER 7 BANKRUPTCY LAWYERS

    Chapter 7 bankruptcy is the most common bankruptcy filing in Tempe. Another key point, Arizona Chapter 7 bankruptcy protection allows debtors to keep exempt and essential assets while eliminating dischargeable debt. Also, a bankruptcy means test indicates who is eligible to file Chapter 7. Our experienced Chapter 7 bankruptcy attorneys can help you get out of debt.

    $0 DOWN BANKRUPTCY IN TEMPE, ARIZONA

    Considering filing bankruptcy? Call us about the zero down bankruptcy program. Especially, if your decision includes needing a bankruptcy attorney, but you don’t know how to pay the legal fees up front (which bankruptcy filing requires). Also, if you cannot afford to pay legal fees up front, be sure to call our Tempe Bankruptcy Lawyers (602) 568-7410find out if you qualify for the $0 down program.

    TEMPE CHAPTER 13 BANKRUPTCY ATTORNEY

    When you file Chapter 13 bankruptcy in Tempe, your debts will be reorganized into a payment plan. This payment plan will last either 3 or 5 years, depending on how your income compares to the state median. The amount you pay will be based on how much disposable monthly income you have. In this type of bankruptcy, you won’t be bound by the same income restrictions and asset exemptions as you would in Chapter 7 bankruptcy. All the while, you will be protected from your creditors by the automatic stay. 
    Chapter 13 bankruptcy in Tempe can provide a feasible path for you to catch up on payments for a collateral asset and save it from repossession by your creditors. Your past-due balance will be spread out over 3-5 years, making it much easier to catch up. This also provides a better path to catch up on non-dischargeable debts like student loans and child support than Chapter 7 bankruptcy. Some of your unsecured non-priority debts, like credit cards and medical bills, might even be discharged with little to no repayment! However, this type of bankruptcy can be more complicated, and more than 99% of cases that are filed without an attorney are dismissed. Call our Tempe bankruptcy attorneys today to get the process started on the right foot.

    Bankruptcy Courts in Arizona

    A United States bankruptcy judge presides over the bankruptcy cases. This judge has the power to make decisions over all matters concerning federal bankruptcy cases. For each judicial district in Arizona, there is a bankruptcy court. In Arizona, the bankruptcy courts are located in:

    WHAT YOU SHOULD KNOW ABOUT THE CREDIT COUNSELING REQUIREMENT IN TEMPE

    Many people don’t realize that they are required to complete credit counseling in order to discharge their debts in bankruptcy. These courses can be completed online, and generally take about 1-2 hours. You will also need to discuss your situation with a credit counselor. You must include a course completion certificate with your bankruptcy petition, or else your case could be dismissed.

    You will also be required to complete a second credit counseling course within 60 days of your 341 Meeting of Creditors. This course completion certificate must then be filed with the court, or else your case will be ineligible for discharge. Your Tempe bankruptcy attorney will help you complete your credit counseling correctly and file your certificates with the court for your convenience. 
    Contact our Tempe Bankruptcy Lawyers at (602) 568-7410. We offer same day consultations, low payment plans, and affordable debt relief assistance for people in Tempe, Maricopa County, Arizona.
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    TEMPE BANKRUPTCY LAWYERS

    Payment Plan Options to file Bankruptcy in  TEMPE – File Now Pay Later!

    Contact An Experienced Bankruptcy Attorney Today

    Therefore, when you need to stop a wage garnishment, end harassing phone calls from creditors, or even stop a foreclosure, you need an experienced attorney to take action immediately. My Arizona Lawyers offers a $0 Down Bankruptcy program, so filing for bankruptcy requires zero money out of pocket. You pay zero money to wipe out debt. In other words, zero money takes back control of your life. Also, Zero money down to stop the phone calls from creditors. Zero money down to end a Tempe wage garnishment. Plus, Zero money down to retain a Tempe bankruptcy attorney who is dedicated to protecting your rights as a debtor. Bottom line – zero money down gets you out of debt!

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      Disputes And Litigation In The Bankruptcy Court

      Skilled TEMPE Bankruptcy Attorneys Representing You In Court

      When a bankruptcy petition is filed, creditors listed on the paperwork receive a notice from the court that a bankruptcy was filed by the debtor. Also, when a bankruptcy involves liquidation of property and assets, there may not be much money available to pay creditors. In these cases, normally the debtor is given a bankruptcy discharge. Therefore, if a discharge is granted, a debtor is no longer personally liable for repaying debt. Thus, it is possible for disputes to arise, and in some cases, litigation in the bankruptcy court – proceedings, settlement efforts, or a trial is necessary.

      TEMPE Bankruptcy Myths Uncovered

      Myths and Truths Regarding Bankruptcy in TEMPE, Arizona

      The Tempe Bankruptcy Attorneys at My Arizona Lawyers realize that there are a myriad of reasons that people have to file for bankruptcy protection in Tempe. Therefore, the process of declaring bankruptcy in Maricopa County is complex. This is made even more difficult with the many myths and fallacies out there. In the following, our knowledgeable Maricopa County Bankruptcy Attorneys dispel common bankruptcy myths. Our Tempe debt relief lawyers tirelessly work to help individuals, couples, families, and businesses in Maricopa County file for bankruptcy protection.

      Common Fallacies About Filing for Bankruptcy

      BANKRUPTCY TRUTH:

      There are time limits that will keep you from filing bankruptcy again as soon as your first is discharged. If you file Chapter 7 bankruptcy, you will need to wait 8 years from the filing date to file another Chapter 7, and 4 years to file Chapter 13. If you file Chapter 13 bankruptcy, you will need to wait 6 years from the filing date to file Chapter 7, and 2 years to file another Chapter 13.

      BANKRUPTCY TRUTH:
      If you file Chapter 7 bankruptcy, you can keep your home and car if they fall within your state’s bankruptcy exemptions, which are legal limits on how valuable your property can be while filing bankruptcy. If you file Chapter 13 bankruptcy, your car and house (depending on the jurisdiction in which you file) payments will be included in your payment plan, as well as any past-due balance. You will be protected from creditor repossession by the Automatic Stay while your bankruptcy is active.

      BANKRUPTCY TRUTH:
      It is better not just for you, but for everyone involved- creditors, the trustee, yoru attorney, etc.- if your bankruptcy is well-planned. You may need to time your bankruptcy around factors like income tax returns, a divorce, payday, and other factors. Making sure your bankruptcy is timed to avoid asset seizures and dismissals is encouraged, not illegal. However, maxing out your credit card on luxury purchases and cash advances in the period leading up to a bankruptcy is presumed to be fraudulent. Unless you can prove otherwise, those debts can’t be discharged in your bankruptcy.
      BANKRUPTCY TRUTH:
      Your 401K, pension, and other retirement accounts will often be protected in bankruptcy. Assets can be protected in Chapter 7, up to a certain amount of equity known as an “exemption.” In Arizona, you can have $150,000 equity in your home and $6,000 equity in your vehicle. The vehicle exemption increases to one $12,000 vehicle or two $6,000 vehicles for married filers. There are additional exemptions for all types of personal property, like clothing, furniture, appliances, jewelry, books, musical instruments, tools, and more. Talk to a bankruptcy attorney in your area to make sure all of your assets will be protected.
      BANKRUPTCY TRUTH:
      Many debts aren’t eligible for discharge in Chapter 7 bankruptcy. Domestic obligations like child and spousal support can’t be included in your bankruptcy. Taxes may only be discharged if they have been due for 3 years, filed for 2, assessed at least 240 days prior, and no fraud was involved in the tax filing. Student loans are only dischargeable in rare, extenuating circumstances. If you have a money judgment or restitution against you for reckless conduct such as DUI, this also can’t be discharged in your bankruptcy.
      BANKRUPTCY TRUTH:
      Student loans can only be discharged under very specific circumstances. Most courts use the Brunner Test, which has three requirements: poverty, persistence, and good faith. If you can’t pay your loans and maintain at least a minimal standard of living, your financial situation is unlikely to change, and you made a good faith effort to repay your loan, you may succeed at discharging your student debt in bankruptcy.
      BANKRUPTCY TRUTH:
      All of your credit cards will be frozen by the Automatic Stay once your petition is filed. You will receive offers for new credit cards once your bankruptcy is discharged. You may either review and choose from these options, or open a secured credit card through your bank. This is a prepaid credit card that helps you rebuild credit post-bankruptcy without the risks and interest rates of traditional credit cards.
      BANKRUPTCY TRUTH:
      Your bankruptcy will show up on credit checks in your future rental applications. However, debts are only discharged as of the date of filing, meaning your future rental payments can’t be discharged in your past bankruptcy. Our staff would be happy to provide future landlords concerned about your bankruptcy with a letter explaining this concept.
      BANKRUPTCY TRUTH:
      Cashing in your 401K prematurely can cost you later on in taxes. If you try to pay your debts with your 401K and end up filing bankruptcy anyway, you will have wasted your retirement savings for nothing. Your 401K will most likely be exempt, or protected, in your bankruptcy, so you should at least consult with a bankruptcy attorney before withdrawing from your 401K.
      BANKRUPTCY TRUTH:
      Some people will automatically be notified when you file bankruptcy, like your creditors and any cosigners on your loans. Your employer won’t automatically be notified, but you will need to inform your payroll department of your filing if your wages are being garnished. Other than that, your bankruptcy will be public information but anyone interested would have to specifically search through the bankruptcy docket for your case.

      Filing for Chapter 7 bankruptcy in TEMPE, Arizona

      The primary purpose of a Chapter 7 bankruptcy is to eliminate certain kinds of debt. The bankruptcy court must receive a case filing and administrative fees in order to file a bankruptcy petition. Next, a filer must complete official bankruptcy forms. These forms include the petition to file, schedules, and statement of debt/financial affairs. The filer should also include and provide the following paperwork:

      • Debtor’s income: amount, source, and frequency of income
      • List of creditors, how much is owed to each creditor, and the nature of the debt to each creditor
      • Detailed report of monthly living expenses
      • List of the debtor’s property

      One of the schedules the filer must file is that of exempt property. According to the Bankruptcy Code, some property is protected, or exempt, from creditors. However, Arizona has adopted its own exemption law. Filing a bankruptcy petition under Chapter 7 puts the automatic stay into effect immediately. The stay is effective to protect a debtor from collection activity from a creditor. Furthermore, the bankruptcy court appoints a trustee to administer the bankruptcy case, and to carry out the liquidation of the non-exempt assets.
      Because of the complexity of the Bankruptcy Code, it is wise to consult with an attorney who can evaluate your debt, listen to your needs, and look at your property/assets.

      Tucson Bankruptcy Lawyers Helping You With Chapter 7 - Bankruptcy

      CHAPTER 7 – BANKRUPTCY

      Chapter 7 is the most popular form of consumer bankruptcy, and it’s no wonder why. Chapter 7 allows you to discharge most types of unsecured debt, even if you have some income and property. You can qualify either by making less than Arizona’s state median income for your household size, or by passing the Means Test. Our Tempe bankruptcy lawyers will help you make sure that you qualify, and that Chapter 7 bankruptcy is the best fit for your needs. 

      CHAPTER 7 – LIQUIDATION BANKRUPTCY

      The Chapter 7 bankruptcy process typically takes about 4 to 6 months from filing to discharge. In this time, you will clear away personal loans, credit card debt, medical bills, repossession deficiencies, unpaid utilities, some taxes, and more. You will also be able to keep any property that is protected by state exemptions. However, some forms of unsecured debts can’t be discharged in bankruptcy, like domestic obligations and most student loans. To see if you qualify, and whether your debts are dischargeable, call or use our online form for your free consultation with one of our Tempe bankruptcy attorneys. 

      Tucson Bankruptcy Lawyers Helping You With Chapter 7 - Liquidation Bankruptcy

      CHAPTER 7 – BANKRUPTCY DISCHARGE

      A Chapter 7 bankruptcy discharge can be granted in a few months after filing the petition. A bankruptcy discharge is a permanent order stating the debtor is no longer legally required to pay back debt listed in the case. Therefore, a discharge prohibits a creditor from taking action to collect on any debts that were eliminated in the bankruptcy. In addition, a creditor may not communicate in any way or take legal action to collect debt. The discharge is given in Chapter 7 cases approximately four months after the date of the petition filing. There is also an amount of time where a creditor can object to the discharge, and when this period ends without a motion to dismiss the case, the discharge is granted.

      Additionally, a discharge is not automatically granted just because the process is completed. A creditor, a trustee may file an objection. Meaning, a creditor may file a complaint before a deadline date. The bankruptcy code describes the reasons a discharge may be denied. For example, not providing the proper documentation, failure to complete the required credit counseling / financial management course, or covering up property with intent to defraud. A Chapter 13 bankruptcy case is a bit different. Normally the debtor is entitled a discharge when the payments under the plan are completed.

      Tucson Bankruptcy Lawyers Helping You With Chapter 7 - Bankruptcy Discharge

      All debts cannot be discharged. The most common types of debt that may not be discharged include:

      • Certain types of tax debt
      • Alimony debt
      • Child support debt
      • Debts due to malicious or willful injuries to a property or person
      • Debts from fines or penalties to governmental units
      • Student loan debt
      • Debts resulting from personal injury caused by operating a vehicle while intoxicated

      Bankruptcy Petition And Automatic Stay

      A bankruptcy case either involves liquidation of property, or establishes a plan to repay creditors. Typically, to begin a case, the debtor files a petition with the bankruptcy court. Statements are also filed that list liabilities, income, assets, the name(s) of creditor(s), and the amount of debt owed. One of the provisions of the bankruptcy law is the automatic stay. Thus, upon filing of a petition, all debt collection attempts must stop. Filing bankruptcy “stays,” or prevents debt collection actions by creditors for payment or property. Therefore, when the automatic stay is in effect, a creditor may not garnish wages, bring about or continue a lawsuit, or contact the debtor. This includes phone calls demanding payment or making harassing threats to get a payment.

      Filing a bankruptcy petition puts the Automatic Stay into effect. This means you have the protection of the bankruptcy court as soon as your case is filed. Why is this important?

      The Automatic Stay prevents any creditor from collecting on a debt:

      • No collection attempts
      • No phone calls from creditors
      • Wage garnishment stops
      • Lawsuits
      • Stop a foreclosure

      Because the Automatic Stay begins the moment the bankruptcy is filed, our Tempe Bankruptcy Lawyers understand that for some clients, an immediate filing is crucial. That’s why My Arizona Lawyers offers a $0 down bankruptcy program as well as payment plan options. We make eliminating debt through bankruptcy affordable and possible for debtors needing the bankruptcy protection of the Automatic Stay.

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      Very knowledgeable on bankruptcy, as I would expect. Everything went through flawlessly, nothing bad whatsoever to report. Would recommend.

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      Craig Raymond helped me with my criminal case. He was trustworthy, confident, and experienced. He was a force to be reckoned with in court. I highly recommend Craig and the staff.

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      I felt completely confident with the attorney I was matched with. He worked really hard for me and the outcome was better than expected.

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        TEMPE BANKRUPTCY FAQs

        Our experienced Tempe Bankruptcy Attorneys answer some of the most asked questions regarding Chapter 7, Chapter 13, and Emergency Bankruptcy filings.  Also, our Tempe Debt Relief Team also looks at questions regarding:  Wage Garnishments, Repossessions, Foreclosures, and Medical Bankruptcies.  Read on, get important information for anyone considering declaring bankruptcy in Tempe, AZ.

        ANSWER:

        For Chapter 7 Bankruptcy filers in Tempe, the exemption limit for a motor vehicle in Arizona is $6,000. Check with your Tempe Bankruptcy Lawyers to estimate the true value of your car and to confirm that you will be using Arizona exemptions to save your car in a Tempe Chapter 7 Bankruptcy filing.

        For Chapter 13 Bankruptcy filers in Tempe,  the exemption limit for a motor vehicle doesn’t apply. Therefore, if you are behind on your car payments and fear repossession, a Chapter 13 bankruptcy in Tempe will spread your arrearages, along with the rest of the balance on your loan and some other debts, over your payment plan of your Tempe Chapter 13 bankruptcy filing.

        CONTACT A TEMPE BANKRUPTCY ATTORNEY AT MY AZ LAWYERS

        ANSWER:

        You can keep your home in a Chapter 7 bankruptcy if it is below your state’s exemption amount. In Arizona, the homestead exemption is $150,000. Thus, your home may be worth more than $150,000, however, as long as you don’t have more than that amount of equity in the home, you can still keep your home and still file a Tempe Chapter 7 Bankruptcy.  In the flip side, if you are in a Tempe Chapter 7 and have more than $150,000 equity in your home, the bankruptcy trustee may order the sale of your home and contribute the excess amount to your bankruptcy creditors.

        If you are behind on your mortgage payments and are worried about foreclosure, a Chapter 13 Bankruptcy may help you save your home. This chapter allows you to spread out the past-due balance of your mortgage over the life of your payment plan, or 3-5 years. Additionally, while your chapter 13 case is active, your creditors can’t repossess or foreclose your property.

        CONTACT A TEMPE BANKRUPTCY ATTORNEY AT MY AZ LAWYERS

        ANSWER:

        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.  Your Tempe Bankruptcy Lawyers can assist you with stopping a garnishment through declaring bankruptcy in Tempe, Arizona.

        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.

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        ANSWER:

        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.

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        ANSWER:

        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.

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        ANSWER:

        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.

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        ANSWER:

        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.

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        ANSWER:

        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.

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