Understanding the basics behind filing a chapter 7 in Arizona
There is absolutely no fee for the initial consultation. I realize that you are already in a financial crisis when you set up your appointment. My fees for a simple chapter 7 bankruptcy in Mesa are competitive and fair. Each case is unique and we will always take into consideration your special circumstances. Do your homework, shop around for the best representation for your needs. It’s your future and a serious choice. In the end, you will always come back to us!
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In most cases of Chapter 7 bankruptcy, all or most of your current personal property is protected by state exemptions in a bankruptcy. Most people do not have assets that the Trustee can take. I will review your assets with you to determine if there are any potential problems.
Will a Chapter 7 Bankruptcy Stop the Annoying Phone Calls?
Yes. When we file your Chapter 7 Bankruptcy petition in Mesa, an “Automatic Stay” takes immediate effect. This powerful legal tool stops all debt collection activity against you. The phone calls stop coming, notices stop clogging your mailbox, and perhaps most importantly, all legal activity stops, including foreclosures and wage garnishments.
What Debts Are Eliminated?
Generally speaking, the following debts are discharged through Chapter 7 bankruptcy in Arizona:
- Credit Card Debt
- Medical Bills
- Judgment Balances
- Personal Loans
- Loans on Repossessed Vehicles
- Payday Loans
- Wage Garnishments
- Some Tax Debts
What Will Filing Do To My Credit Score?
Obviously you will get a 100-150 point ding on your credit score just from the filing. But, don’t let that be the reason you won’t take care of your debt. Around six months after a bankruptcy is discharged, it’s not uncommon for people to see their credit scores jump up into the 700s. To gain this score, you need to pay your bills ON TIME, EVERY TIME.
I encourage you to look at some of the articles on www.720creditscore.com, they can help you understand the mysteries behind credit and how to get your score up!
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