Chapter 7 Could be the Solution to Your Debt Problems
Our chapter 7 bankruptcy lawyers can help you if you’re struggling with bills in Phoenix, then you have options. Chapter 7 bankruptcy is a legal process designed to quickly free you from unsecured debt, including:
- Credit Cards
- Medical Bills
- Some Personal Loans
- Payday Loans
- Department Store Cards
- Utility Bills, and more
Often times, when people file for bankruptcy in Phoenix, it’s because they have low income and struggle to pay their bills each month.
Wondering what filing bankruptcy under Chapter 7 can do for you?
Receive a free Chapter 7 evaluation from a local bankruptcy lawyer.
Who Should File Chapter 7 Bankruptcy?
Chapter 7 typically works best for people who:
Have credit card or medical debt. Bankruptcy helps people to completely eliminate unsecured debts like credit card and medical bills, giving them a fresh start financially.
Are being harassed by collection agencies. Collection agencies become more aggressive as the age of the debt increases because they know that statutes of limitations will prevent them from being able to collect the debt.
Have few assets. Generally, Chapter 7 bankruptcy deals with unsecured debt, if you are concerned about real property, you should consider a Chapter 13 bankruptcy.
Can’t pay their bills. If you don’t have sufficient income to pay your bills, you must still qualify for Chapter 7 by taking the means test.
Who have poor credit. Chapter 7 bankruptcy will damage your credit for a time, but If you already have bad credit, this is not a consideration. If you have good credit, you may want to consider an alternative to bankruptcy, but if you just cannot make ends meet no matter what, bankruptcy will give you a fresh start and our credit repair program will help you get your credit back on track.
Frequently Asked Chapter 7 Bankruptcy Questions
Can I File Chapter 7? – Virtually everyone who has filed taxes, taken the required credit counseling course, and passed the means test can file for Chapter 7 bankruptcy. You should discuss your particular situation with a Phoenix Chapter 7 bankruptcy attorney.
What is The Chapter 7 Means Test? – The means test is an analysis of your financial situation compared to the median income and expense data for similarly situated families in your area. The test presumes that you have the ability to pay back at least part of your debt if you exceed the median standards. However, this is a rebuttable presumption that can be overcome in most cases by demonstrating your lack of disposable income.
How Long Does Filing Chapter 7 Take? – Although Chapter 7 is typically one of the fastest acting forms of debt relief, there are still many steps and stages, each requiring you to complete processes, filings or meetings. If everything goes smoothly, you should receive a discharge within 6 months.
Contact Our Chapter 7 Bankruptcy Lawyers
Stop losing sleep over your debt problems. A chapter 7 bankruptcy can give you a fresh start by wiping out all of your unsecured debt. When you file a chapter 7 with Phoenix Fresh Start Bankruptcy Attorneys you get our affordable attorney’s fees payment plan and our FREE Credit Repair Service. Call us today.