{"id":2460,"date":"2018-07-06T17:49:02","date_gmt":"2018-07-06T17:49:02","guid":{"rendered":"https:\/\/phoenixfreshstartbankruptcy.com\/?p=2460"},"modified":"2019-08-14T09:18:10","modified_gmt":"2019-08-14T09:18:10","slug":"bankruptcy-myths","status":"publish","type":"post","link":"https:\/\/phoenixfreshstartbankruptcy.com\/bankruptcy-myths\/","title":{"rendered":"5 Bankruptcy Myths in Arizona"},"content":{"rendered":"<h2><span class=\"ez-toc-section\" id=\"Myth_1_You_Are_Able_to_Declare_Bankruptcy_Just_By_Announcing_it_in_Public\"><\/span><strong>Myth #1: You Are Able to Declare Bankruptcy Just By Announcing it in Public<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-6631a171a5100\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6631a171a5100\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/phoenixfreshstartbankruptcy.com\/bankruptcy-myths\/#Myth_1_You_Are_Able_to_Declare_Bankruptcy_Just_By_Announcing_it_in_Public\" title=\"Myth #1: You Are Able to Declare Bankruptcy Just By Announcing it in Public\">Myth #1: You Are Able to Declare Bankruptcy Just By Announcing it in Public<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/phoenixfreshstartbankruptcy.com\/bankruptcy-myths\/#Myth_2_You_Are_Only_Allowed_to_File_Bankruptcy_Once\" title=\"Myth #2: You Are Only Allowed to File Bankruptcy Once\">Myth #2: You Are Only Allowed to File Bankruptcy Once<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/phoenixfreshstartbankruptcy.com\/bankruptcy-myths\/#Myth_3_A_Bankruptcy_Affects_Your_Spouse\" title=\"Myth #3: A Bankruptcy Affects Your Spouse\">Myth #3: A Bankruptcy Affects Your Spouse<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/phoenixfreshstartbankruptcy.com\/bankruptcy-myths\/#Myth_4_You_Can_Go_to_Jail_for_Debt_Owed\" title=\"Myth #4: You Can Go to Jail for Debt Owed\">Myth #4: You Can Go to Jail for Debt Owed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/phoenixfreshstartbankruptcy.com\/bankruptcy-myths\/#Myth_5_Filing_for_Bankruptcy_is_Expensive\" title=\"Myth #5: Filing for Bankruptcy is Expensive\">Myth #5: Filing for Bankruptcy is Expensive<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/phoenixfreshstartbankruptcy.com\/bankruptcy-myths\/#Finding_the_Right_Lawyer_For_You\" title=\"Finding the Right Lawyer For You\">Finding the Right Lawyer For You<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>Filing for bankruptcy is not just as easy as announcing it and there are Bankruptcy Myths in Arizona that are floating around. <a href=\"https:\/\/phoenixfreshstartbankruptcy.com\/best-phoenix-bankruptcy-attorneys\/phoenix-bankruptcy-attorneys\/\">Bankruptcy<\/a> filing requires steps such as: paying a fee, completing credit counseling and also submitting legal paperwork and financial disclosures.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Myth_2_You_Are_Only_Allowed_to_File_Bankruptcy_Once\"><\/span><strong>Myth #2: You Are Only Allowed to File Bankruptcy Once<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While there are laws regarding the frequency in which you file for bankruptcy, the following is true:<\/p>\n<p>You can receive a discharge from a chapter 7 bankruptcy once every 8 years<\/p>\n<p>You can receive a discharge from a chapter 13 bankruptcy every 2 years<\/p>\n<p>If you discharge debt through a chapter 7, you must wait 6 years before getting a chapter 13 discharge<\/p>\n<p>If you discharge debt through a chapter 13, you must wait 4 years to obtain a chapter 7 discharge.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Myth_3_A_Bankruptcy_Affects_Your_Spouse\"><\/span><strong>Myth #3: A Bankruptcy Affects Your Spouse<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you\u2019re married and have separate debt, filing bankruptcy does not automatically affect your spouse\u2019s credit. If the debt is in both your names, then it\u2019s advised by a phoenix chapter 13 bankruptcy lawyer that you file together. Otherwise, a creditor will demand payment for the entire debt from the non-filing spouse.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Myth_4_You_Can_Go_to_Jail_for_Debt_Owed\"><\/span><strong>Myth #4: You Can Go to Jail for Debt Owed<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It is not against the law to owe money. This means you cannot go to \u201cdebtor\u2019s prison\u201d in the United States.<\/p>\n<p>Creditors are able to sue you for debt, as well as take you to court, put liens against your property, and garnish your wages, but they are not legally able to send you to court.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Myth_5_Filing_for_Bankruptcy_is_Expensive\"><\/span><strong>Myth #5: Filing for Bankruptcy is Expensive<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Filing fees for chapter 7 and 13 bankruptcies vary from state to state, but are no more than $300. While hiring an attorney can add to this, it\u2019s always advised that you work with a bankruptcy lawyer because bankruptcy laws are complicated.<\/p>\n<p>It\u2019s much safer to hire and pay for a lawyer than pay penalties in bankruptcy court.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Finding_the_Right_Lawyer_For_You\"><\/span><strong>Finding the Right Lawyer For You<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You may still be able to keep nonexempt property depending on the circumstances. If you are filing Chapter 7 or Chapter 13 bankruptcy, you need an experienced Arizona bankruptcy lawyer on your side. This can be a daunting process. Ask friends or family members for a legal referral.<\/p>\n<p>Give <a href=\"https:\/\/phoenixfreshstartbankruptcy.com\/\">Phoenix Fresh Start Bankruptcy<\/a> Attorneys a call at 602-598-5075 to schedule a free consultation with one of our bankruptcy attorneys. If you have any other questions about bankruptcy, one of our attorneys will be more than happy to offer advice on your particular situation.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Myth #1: You Are Able to Declare Bankruptcy Just By Announcing it in Public Filing for bankruptcy is not just as easy as announcing it and there are Bankruptcy Myths in Arizona that are floating around. Bankruptcy filing requires steps such as: paying a fee, completing credit counseling and also submitting legal paperwork and financial disclosures. Myth #2: You Are Only Allowed to File Bankruptcy Once While there are laws regarding the frequency in which you file for bankruptcy, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2461,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/posts\/2460"}],"collection":[{"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/comments?post=2460"}],"version-history":[{"count":0,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/posts\/2460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/media\/2461"}],"wp:attachment":[{"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/media?parent=2460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/categories?post=2460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phoenixfreshstartbankruptcy.com\/wp-json\/wp\/v2\/tags?post=2460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}