The Process Of Filing A Chapter 7 Bankruptcy with The Bornmann Law Group

Q: What is Chapter 7 Bankruptcy Protection?
A: Chapter 7 bankruptcy is the most common form of Arizona bankruptcy and is most often filed by individuals and couples. Chapter 7 bankruptcy protection is also available to corporations, partnerships, and limited liability companies (LLCs). . In a Chapter 7 bankruptcy, individuals can wipe out many types of unsecured debt. Unsecured debt is debt that you do not have to put up collateral for, such as a debt incurred from a credit card, or medical bills. In Arizona, Chapter 7 bankruptcy proceedings, a court-appointed trustee liquidates your non-exempt assets and divides funds equally between creditors.

Before you can file for Chapter 7 bankruptcy, you must go through credit counseling with an agency approved by the Untied States Trustee, and complete a debtor education course.

Typically, Chapter 7 bankruptcy protection works best for people who:

• Owe a large amount of credit card and medical debt. Bankruptcy is designed to completely eliminate unsecured debts like most credit cards and medical bills. Typically, it works quickly, meaning you don’t have to wait years for a fresh start.
• Do not own much property. Chapter 7 bankruptcy property protections vary according to state laws, but, generally speaking, Chapter 7 offers less protection for your property than Chapter 13 bankruptcy. However, Chapter 7 exemptions may allow you to keep your home, car, and other valuable items like: work tools, furniture, clothes, appliances, photos, and books. You will not lose everything by filing a Chapter 7 bankruptcy. A qualified Arizona bankruptcy attorney can best advise you as to what of your property will be protected when filing for Chapter 7 bankruptcy in Arizona.
• Do not have a lot income. In order to qualify for Chapter 7 bankruptcy protection in Arizona, you must pass the bankruptcy means test. An experienced Tucson, Phoenix, Mesa, and Glendale bankruptcy attorney can help you with the bankruptcy means test. The bankruptcy means test looks at your income and debts to determine true need. A Chapter 7 bankruptcy Means Test keeps people with too much disposable income from filing Chapter 7. An Arizona bankruptcy attorney can better explain how a bankruptcy means test will work with your financial situation.

Steps To Filing A Chapter 7 Bankruptcy in Arizona:

• Complete the Free On-Line Evaluation or call our office directly at (480) 833-8000 and set up an in-office or FREE Phone consultation with one of our Arizona bankruptcy attorneys.
• Meet with an Arizona bankruptcy attorney for a FREE Initial Consultation and Debt Evaluation.
• Together with you, our trusted bankruptcy attorneys and bankruptcy lawyers will determine if filing for bankruptcy is the right decision for you.
• Our experienced bankruptcy staff and debt relief specialists will complete your bankruptcy filing paperwork (“petition”) and mail it to you.
• You review your petition and then call to set up a signing appointment with your Arizona bankruptcy attorney. (Or you can mail the paperwork to us and then review the petition via a telephone consultation with your Arizona bankruptcy attorney).
• Your Arizona bankruptcy lawyer files your case for you with the Bankruptcy Court.
• You will receive a letter from the Bornmann Law Group, PLLC informing you of the date, time and location of your Meeting of Creditors (341 hearing).
• You will receive a request for documents from the Arizona Bankruptcy Trustee assigned to your bankruptcy case. You must comply with bankruptcy trustee’s request fully and promptly. Our Tucson, Mesa, Phoenix, and Glendale, AZ bankruptcy attorneys will guide you through this process and make sure you abide the bankruptcy trustee’s request(s).
• Your Meeting of Creditors (341 hearing) will be held approximately 6 weeks after filing for bankruptcy protection in Arizona. At your 341 hearing/Meeting of Creditors you must bring photo Identification and your Social Security Card. Your Arizona Bankruptcy Lawyer from the Bornmann Law Group will be there with you at your Meeting of Creditors and throughout the entire process of filing for Chapter 7 bankruptcy in Arizona.
• Your Arizona bankruptcy discharge will be mailed out by the Federal Bankruptcy Court’s office approximately 90 days after the Meeting of Creditors.
• After you receive your discharge, your bankruptcy is complete. It’s time to start rebuilding your credit. Your expert Arizona bankruptcy lawyer and debt specialist can assist you with both Life After Arizona Bankruptcy and Getting Back on your Feet.

Filing Chapter 7 Personal Bankruptcy in Arizona

Personal bankruptcy law in Arizona can be confusing at times. There are detailed financial forms a Chapter 7 bankruptcy applicant in Arizona must fill out. It’s important to fill out these forms properly, improperly filled out chapter 7 bankruptcy petitions and paperwork may make you miss any opportunity to eliminate your debt through filing for Chapter 7 bankruptcy protection in Arizona.

A qualified and experienced Tucson, Mesa, Glendale, and Phoenix, Arizona bankruptcy lawyers and bankruptcy attorneys from the Bornmann Law Group, PLLC will help you sort through the paperwork and will advise you every step of the way through king the most of your Chapter 7 bankruptcy filing. Filing a personal chapter 7 bankruptcy on your own without the assistance of a bankruptcy lawyer is dicey at best. With your financial future at stake, don’t risk filing bankruptcy on your own.

You probably have questions and concerns about your particular financial situation. You may also be questioning whether filing personal Chapter 7 bankruptcy in Arizona is the right move for you and your family. Seek out the assistance of a trusted and affordable bankruptcy attorney today. Our Phoenix, Tucson, and Mesa bankruptcy attorneys are available to help answer your questions and get you more information about personal chapter 7 bankruptcy and the bankruptcy laws in Arizona.

Call and set up an appointment with one of our low cost bankruptcy lawyers and low cost bankruptcy attorneys today. Our legal fees are some of the lowest in all of Arizona. We offer evening and weekend appointments. Call (480) 833-8000 in the Phoenix Metro Area and Call (520) 306-8729 in Tucson and surrounding communities. You can also sign up for a FREE bankruptcy consultation and debt evaluation by filling out our on-line Contact Us Form. Our form only takes a few minutes, so get started now. Financial freedom is only a simple step away.