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Glendale Chapter 7 Bankruptcy Lawyer
Chapter 7 Bankruptcy in Glendale, AZ
Experienced Chapter 7 Bankruptcy Lawyer in Glendale, AZ
Most people wish to pay off their debts, but sometimes they simply can’t. If you are facing financial difficulties that make it difficult for you to pay back what you owe, a bankruptcy filing may be the solution you’re looking for. Our Chapter 7 bankruptcy lawyer at Glendale Bankruptcy Attorneys can help you find out which bankruptcy type is right for you, and assist you throughout your bankruptcy case.
Schedule a consultation with our Glendale bankruptcy lawyers by calling 623-471-1377. Whatare you waiting for? Find out if you’re eligible for a Chapter 7 bankruptcy, and if not, explore your other debt relief options with us here in Arizona!
Requirements for a Chapter 7 Bankruptcy in Arizona
If you’re considering to file Chapter 7 bankruptcy, there are several factors you need to meet before you can be eligible. Our Glendale Chapter 7 bankruptcy lawyer will evaluate your financial circumstances to determine if you’re qualified to file Chapter 7 based on the bankruptcy means test.
When you meet with us, our Glendale bankruptcy lawyers will review your monthly income for the past six months to see if you fall above or below the median income level in Glendale, AZ.
Your monthly expenses, including mortgage, loan payments, utility, and other living expenses, are taken into consideration when determining your eligibility for Chapter 7.
Bankruptcy Means Test
To qualify for a Chapter 7 bankruptcy, you must pass the bankruptcy means test, which means your current income must fall below the median threshold, or your monthly expenses exceeds the amount you earn.
Ready to file bankruptcy? Our Chapter 7 bankruptcy lawyer can check if you pass the means test. We will assist you in your Chapter 7 filing if you’re eligible. If not, we can help you determine if you’re qualified for a Chapter 13 bankruptcy and explore other debt assistance alternatives.
Call us at 623-471-1377 to find out which types of bankruptcy you are eligible to file for in Glendale and surrounding areas in Arizona.
Dischargeable Debt in Chapter 7 Bankruptcy
Chapter 7 bankruptcy allows you to discharge all of your unsecured debt, typically within four to five months of filing. Immediately following a bankruptcy filing, an automatic stay will go into effect that requires creditors to stop all collections activities, including foreclosure, wage garnishment and repossession. Below are some of the most common types of dischargeable debts in personal bankruptcies:
Bankruptcy and Your Credit in Arizona
One of the first things clients typically ask us is: How will bankruptcy affect my credit?
For most of our clients, we observe credit scores increasing within one year of filing bankruptcy. Our Glendale bankruptcy attorneys can explain more about Chapter 7 bankruptcy and how it affects your credit.
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