First off, you must be eligible to file Chapter 7 in Chandler, Arizona. Also, you must meet these requirements:
You must pass the Arizona Means Test
Also you may not file if you have received a Chapter 7 discharge in the last 8 years.
When preparing for a Chapter 7 bankruptcy filing with your Chandler bankruptcy lawyer, you will need to provide information about your current debt, property owned, and finances. Every bankruptcy case is different and unique in it’s own way. Besides the normal information, your bankruptcy attorney may need additional information from you to complete your chapter 7 bankruptcy filing.
The experienced debt relief team at Chandler Bankruptcy Lawyers law firm will help you with preparation of all bankruptcy documents, and bankruptcy filing deadlines. Our Chandler chapter 7 bankruptcy lawyer will work with you every step of the way as you file for bankruptcy protection in Chandler, Arizona.
Customer service matters to us. Our Chandler bankruptcy attorney and staff will communicate with you throughout the entire process so that you feel confident and prepared and comfortable with the experience. We have a large staff of lawyers and staff. We are easily accessible by phone, e-mail, or in our Chandler bankruptcy law office.
From when your case is filed to when it is discharged should take approximately 4-6 months. You will need to attend a 341 Meeting of Creditors about 30-45 days after you file your petition. Any creditors that don’t attend your 341 Hearing will have 60 days to object to your debt being discharged. Your case will be eligible for discharge once those 60 days are up, and the court should process your discharge shortly thereafter.
The first step to filing bankruptcy is consulting with an attorney to make sure you qualify. They should be able to analyze your income to determine if you are under your state’s median income level, or if you qualify for Chapter 7 through the Means Test.
Once you have qualified for bankruptcy and hired your attorney, you will need to submit documents to them. Documents you will need to provide include, but not limited to: 2 years of tax returns; 6 months of paystubs; your driver’s license and social security card; your bank statements; recent divorce and child support documents; vehicle registrations, and any judgments against you. Your attorney will tell you which documents apply for your case. You will likely need to file out a client intake form and list the value of your belongings. You will also need to take an online credit counseling course.
Once you have submitted your documents, your attorney will draft your petition. You will meet with your attorney to review the petition, sign it, and prepare for your 341 Meeting of Creditors. The attorney will then file your petition for you. You will soon receive a letter from your trustee informing you of your court date and most likely requesting additional documentation from you. You should send the information to your trustee as soon as possible.
Your attorney will attend your 341 Meeting of Creditors with you and help you answer questions from the trustee and any of your creditors that choose to attend. You will then need to take a second credit counseling course within 60 days of your 341 Meeting of Creditors. Once these steps have been completed, your case will be eligible for discharge.
An Automatic Stay is a protection provided by bankruptcy. It freezes your assets so that creditors can’t garnish your wages or bank account, foreclose your home, or repossess your vehicle. The Automatic Stay lasts until your case is discharged or dismissed. If your case ends in a dismissal, all collection will resume. If your case is discharged, collection can only resume on non-dischargeable debts such as child support and student loans.
You will need to pay for two credit counseling courses, which start at $15 each. The court filing fee for a Chapter 7 is $335. Fees for legal representation in a Chapter 7 will vary. Attorneys cost more in some geographic areas. Your fees could be higher if you have a particularly complex case. Attorneys with more experience may charge higher fees.
When shopping for a bankruptcy attorney, check when scheduling that your consultation will be free of charge. If an attorney offers a $0 down payment plan, confirm that it is a true $0 down- some attorneys that advertise this actually require you to pay the $335 filing fee up front. You should also check that the post-filing payment plan is credit reported, because this is an easy way to start rebuilding your credit after your bankruptcy.
A Chapter 7 Bankruptcy will remain on your credit for 10 years. You will be eligible for a home loan 2 years after your bankruptcy. You should receive offers for new lines of credit once your case is discharged, and you should be able to finance a vehicle as soon as the day after your case is filed.
Bankruptcies are a matter of public record, so anyone can search the bankruptcy filings for your name. However, No family members or friends will be notified if you file bankruptcy in Arizona, unless they are a cosigner on one of your debts.
But, all of your creditors will be notified of your bankruptcy through a creditor mailing matrix that will be filed along with your petition. The creditor matrix is prepared and sent out by your Chandler Bankruptcy Lawyer. Additionally, your landlord can be left off of the matrix. That is, if you don’t intend on breaking the lease through your bankruptcy. Also, your employer will only receive notice of your bankruptcy filing if you provide if to stop a wage garnishment. Therefore, the amount of people who will know that you file for bankruptcy in Arizona is quite limited.
Emergency bankruptcy filings should be handled by an experienced bankruptcy attorney. Therefore, to file your emergency/skeleton petition, you will only need a few documents. Additionally, you will need to submit copies of your driver’s license and social security card to your attorney. However, other government identification such as a passport can be used in lieu of a driver’s license. Also, you must submit an original W-2 if you don’t have your social security card. You will also need to provide you and your spouse’s last six months’ pay stubs. Your attorney will likely have a bankruptcy information packet you will need to complete before your petition is filed.
Best practices is to seek the assistance of our Chandler Bankruptcy Attorneys. Whereas, our Chandler debt relief staff are well-versed in the various debt relief options for those seeking bankruptcy assistance in Gilbert and chandler, Arizona.
When you are faced with a debt situation that requires immediate attention, chances are you’re not be ready for the costs of retaining an attorney. Thus, if you need an emergency bankruptcy to stop a garnishment, prevent a repossession, or to save your home from foreclosure, we can help RIGHT NOW. Even if you don’t have the money up-front to file your Chapter 7, Chandler Bankruptcy Lawyers can help you. How? If you qualify for our $0 down Chandler bankruptcy payment program, you pay no money down. The remaining fees are paid through an agreed monthly payment schedule over time. Contact our Chandler and Gilbert bankruptcy lawyer for a free consult. Call our Arizona Ch 7 Attorneys today (480) 833-8000.
When to consider Chapter 7 Bankruptcy in Chandler, Arizona
Chapter 7 erases most, if not all, debt.
Filing bankruptcy gives you a clean financial slate.
When Chapter 7 filing will stop a wage garnishment.
Once you’ve filed, creditors must stop calling you.
Chapter 7 stops people from harassing you in attempt to collect money.
Additionally, filing bankruptcy may allow you to save your home from foreclosure.
There is exempt property that you may keep in a chapter 7 bankruptcy.
Also, filing chapter 7 bankruptcy stops a vehicle repossession in most cases.
bankruptcy stops utility service shut-off
You can use Chapter 7 bankruptcy to get rid of credit card debt.
A Chapter 7 filing erases medical debt.
Declaring bankruptcy allows you to take control of your debt.
End the stress and sleepless nights brought on by debt.
Get yourself a “Fresh Start”. File chapter 7 bankruptcy.