Frequently Asked Questions About Bankruptcy and Debt Relief Solutions in Arizona
Will I lose my doctor if I file bankruptcy?
In a Chapter 7 bankruptcy, unsecured debts are wiped out. Doctor bills are considered unsecured debt, so if you owe medical bills and file bankruptcy, the doctor will be listed as a creditor on your petition. Even if you intend to pay the medical debt, it must still be listed on the bankruptcy paperwork.
There is always the possibility that your doctor will no longer see you as a patient if you discharge the medical bills owed. The only exception would be the need for emergency care. Federal law prohibits anyone from being denied medical care at an emergency department if they need to be stabilized and treated.
Sometimes the doctor will understand their patient’s financial situation and offer a payment plan option in order for the patient to continue receiving treatment.
Can I get a new credit card after I file for bankruptcy?
Yes! Experts actually recommend that you do get a new credit line to begin rebuilding your credit. There may be limits on what you are eligible for, and you will likely need to start with a secured card, but making timely and consistent payments will have a positive impact on your credit score. It is best to start with a small credit limit, and make just 1-2 purchases each month.
Most bankruptcy attorneys can offer guidance to help you rebuild your credit after filing bankruptcy, and assist with finding a new credit card. Additionally, other debt relief options should be considered including: Arizona Zero Down Bankruptcy, Medical Bankruptcy, Bankruptcy by phone, Debt settlement, and Debt Consolidation.
Am I Required to File a Joint Bankruptcy If I am Married?
No, you do not have to file together. It is important to keep in mind that Arizona is a community property state, meaning that any debt incurred since your marriage day is considered community debt. Being eligible to file bankruptcy is based off household income, so the income of your non-filing spouse is included and could affect your chances of qualifying. Consult with your bankruptcy attorney to determine the best course of action for your situation.
Will I Be Required to Complete Credit Counseling?
Yes. You will actually need to take two separate credit counseling courses. The first class offers education about alternatives to filing bankruptcy, and is usually about 60 minutes long. The second class offers information about budgeting and rebuilding your finances after declaring bankruptcy.
When does my certificate expire?
Your certificate will be good for 6 months from the date of completion. However, you will be required to retake the course if you have not filed within 180 days of taking it.
Will I Need to Provide a Copy of My Credit Report?
While it may be helpful to have one, it is not necessary. Most experienced attorneys are able to quickly pull up a current credit report for you, but keep in mind that not all debts will be listed on the report. If you carry outstanding medical debt or pay day loans, they are not reported to the credit bureau unless they are in collections. It will be to your benefit to give that information to your attorney for the complete picture.
How Do I Find a Free Copy of My Credit Report?
You can obtain a free copy once a year at www.annualcreditreport.com. This report will include all 3 bureaus.