Filing Chapter 7 Bankruptcy in Gilbert, Arizona

What happens to my debt when I file for Chapter 7 bankruptcy in Gilbert, Arizona?
Filing for Chapter 7 bankruptcy in Gilbert, AZ offers most individuals (“debtors”) a “fresh start” by discharging unsecured debt through declaring bankruptcy. Chapter 7 bankruptcy for individuals in Mesa and Gilbert, Arizona will also alleviate creditor harassment and pressure associated with overwhelming debt. Secured debts (i.e., mortgage payments, car payments, etc.) will “ride through” the Chapter 7 filing. Furthermore, there are certain debts that, by statute, are non-dischargeable (i.e., child support, some student loans, etc…).

Under the rules of Chapter 7 bankruptcy in Arizona, an individual’s nonexempt assets are sold and the proceeds are used to pay creditors. However, in most of Chapter 7 bankruptcy cases, an individual’s assets are fully exempt, and none of the individuals’ assets are liquidated. You usually don’t lose your assets in most Arizona chapter 7 bankruptcy filings. After carefully evaluating your financial situation, our trusted Arizona bankruptcy lawyers will give you a better idea of what may or may not happen to your assets.

Who is eligible to file for Chapter 7 Bankruptcy protection?
With some exceptions, Chapter 7 may be filed by individuals who reside in the United States. Not every individual in Gilbert, Arizona will qualify for a Chapter 7 bankruptcy. Some individuals in Gilbert, AZ may qualify for a Chapter 13 bankruptcy. Many people in Gilbert, AZ who are facing tough financial times do not need to file bankruptcy. Our experienced bankruptcy lawyers evaluate each case to determine the best solution for each individual’s financial situation. Many bankruptcy attorneys would push everyone into filing for bankruptcy. Our experienced bankruptcy attorneys care about the client and will recommend what is the best for the client. Our goal is to provide the best possible debt relief advice and guidance to each of our clients.

However, even if individuals in Gilbert and Mesa, AZ “qualify” for Chapter 7, it may not be in the best interest of the individual to file bankruptcy. Our Gilbert Bankruptcy Attorneys will make sure you only declare bankruptcy when it’s necessary, that you declare the right chapter of bankruptcy, and that you come through the entire filing chapter 7 bankruptcy process as unscathed as possible. Our Gilbert, AZ bankruptcy law firm will make sure that after your bankruptcy discharge you will be prepared to begin life with a financially stable future.

Our Gilbert and Mesa, Arizona Bankruptcy Lawyers offer free initial consultations and case evaluations. We have some of the most affordable legal rates in Gilbert and all of Arizona. We offer payment plans, night and weekend appointments, and a no hassle, no pressure, no obligation, FREE, consultations for you either over the phone or in one of our Gilbert area bankruptcy law offices.

Contact our Gilbert Bankruptcy Law Office at (480) 833-8000 to set up an appointment today. You can also get bankruptcy information or make an appointment on-line at Bankruptcy is our business. We look forward to hearing from you.