A Chapter 7 bankruptcy is the most commonly filed type of bankruptcy in Chandler, Arizona. Chapter 7 Bankruptcy is primarily an option for people with lower incomes who find themselves struggling with insurmountable debt. Debtors who meet the income criteria established by bankruptcy law will qualify to file a Chapter 7. It was designed to assist individuals who have little to no valuable assets that would need protection from liquidation.
If you or a loved one is facing a mountain of overwhelming debt in Chandler, Maricopa County, Arizona, My AZ Lawyersat Chandler Bankruptcy Law Firm can help. As experienced debt relief attorneys, we will provide education about the protections and benefits offered by filing a Chapter 7 bankruptcy and how it is a viable option that can provide financial freedom and peace. With FREE initial consultations,flexible payment plans, affordable legal fees, and an incredible Bankruptcy By Phone option, Chandler Bankruptcy Lawyers is the #1 choice for those facing insurmountable debt. Contact us today to get started!
It is important to remember that not every kind of debt can be discharged in a Chapter 7 bankruptcy.
Debts that are not able to be dismissed in a chapter 7 bankruptcy include:
- Unpaid Taxes (Less than Three Years Old)
- Government Student Loans
- Alimony or Back Alimony Owed
- Monies Owed in Personal Injury Judgements
- Current and Back Child Support
- Debt Created by Fraudulent Means
As the most popular bankruptcy option for those needing effective debt relief solutions in Chandler, Arizona, Chapter 7 bankruptcy is an excellent strategy for clients who are experiencing extreme financial stress or facing foreclosure. Discuss your situation with an attorney today to determine if you are eligible to file a Chapter 7. Our dedicated Chandler chapter 7 lawyers can assist you and will review your other debt relief options so that you can choose the right solution to your financial situation.
The Chapter 7 Bankruptcy Filing Process
When a Chapter 7 bankruptcy is filed, the process involves a liquidation of all dischargeable debts, or nonexempt assets, to help pay off their creditors. Some debts are also completely canceled by a Chapter 7 bankruptcy trustee. The liquidation process of a Chapter 7 is typically more straightforward and simple than any other bankruptcy chapters. An experienced Chandler bankruptcy attorney can evaluate your case and determine which chapter of bankruptcy is the best debt relief solution for you and your family. Don’t delay! A “fresh start” is only a phone call away.