FAQS (Frequently Asked Questions)

There are several FAQS (Frequently asked questions) regarding bankruptcy.  It is always best to get the correct answer to questions that you may have regarding bankruptcy.  The wrong answer may be costly to you and your family.  Regardless, if you are thinking about filing our Glendale Bankruptcy law firm has fielded lots of great questions regarding filing bankruptcy in Arizona.  We have the answers to your questions and would rather that you asked us and got the right answer rather than taking the word of someone who isn’t as qualified as our Glendale debt relief experts to answer your questions.  Seek out the right answers!  The knowledgeable bankruptcy lawyers at My AZ Lawyers will provide you with the correct answers that you seek.

Here are just a few of the Frequently Asked Bankruptcy Questions:

Will the filing of a Chapter 7 stop my wages from being garnished?

When you file for Chapter 7 protection in Glendale, Arizona one of the great advantages is that an automatic stay takes affect as soon as the case is filed.  The automatic stay prohibits any of your creditors from taking any steps towards collecting a debt, including garnishing your wages.

If I have filed a Chapter 7 previously how long do I have to wait before I can file another one?

If you have previously been discharged in a Chapter 7, you must wait eight years from the date of the filing of the previous case.

Is it a good idea to deal with a collection agency?

No.  Beware of collection agencies!  In fact, collection agencies can trick a debtor with false promises to remove a company from a credit report when they have no authority to do so.  Also, collection agencies can drain a checking account when a debtor pays by check over the phone; leaving the debtor with no recourse.  Plus, collection agencies receive their fees from monies collected and they will try every tactic to get a debtor to pay.  One of our Glendale bankruptcy attorneys can deal with credit collectors and offer relief to the client from harassing collection actions.  Stay Away!!

What is the difference between a Chapter 7 Bankruptcy and a Chapter 13 Bankruptcy?

A Chapter 7 is a liquidation.  Simply said, a Ch 7 gets rid of all of your unsecured debt without having to repay any of your debt.   A Chapter 13 is a debt consolidation.  If a chapter 13 you repay a portion of your debt via a repayment plan that is curtailed by your bankruptcy attorney.  

What if I don’t qualify for chapter 7?

If you don’t qualify for chapter 7, you could take advantage of chapter 13 bankruptcy to resolve your financial difficulties.  Our Glendale bankruptcy lawyers can help you determine the best chapter of bankruptcy for you.

Does your Glendale bankruptcy law firm handle both Chapter 7 and Chapter 13 cases?

Yes, our Glendale bankruptcy law firm represents both chapter 7 bankruptcy and chapter 13 bankruptcy clients.  To determine what chapter might be the best fit for you, please contact one of our bankruptcy attorneys for advice at a free consultation.  Additionally, we offer $0 down bankruptcy option, medical bankruptcies, bankruptcy by phone, and same day bankruptcy filings.

What does the term discharge mean?

It is an order from the Court releasing you from any obligation to pay your debt.  It also prohibits the creditors listed on your bankruptcy petition from taking any further action to collect on those debts?

Can I lose my job for filing bankruptcy?

No, the federal law prohibits the firing of individuals due to discrimination for filing for bankruptcy in Glendale, AZ.

Can bankruptcy help me with unpaid taxes?

Like other forms of debt, past due taxes can create a significant burden.  Filing for bankruptcy protection can be an effective tool to reduce or eliminate the burden of unpaid IRS or tax debt.  In general, filing for Chapter 13 bankruptcy protection will allow you to discharge more tax debts than a Chapter 7 bankruptcy.  Many Arizona bankruptcy lawyers can assist you with bankruptcy and tax questions.

Can my creditors harass me after I have filed bankruptcy?

No, your creditors cannot harass you.  Under the FDCPA, it prohibits creditors from engaging in harassing or menacing behaviors while dealing with consumers.  If you believe you have been a victim of creditor harassment, contact our Glendale, AZ bankruptcy law office today.

Does filing a Chapter 7 Bankruptcy get rid of all of my debt?

Some taxes, student loans, child support and alimony are a few examples of the types of debts which you can not discharge in a Chapter 7.  Examples of types of debt you can completely discharge are credit card debt, personal loans, and medical bills.

What is the cost of fees in filing a Chapter 7?

The Arizona bankruptcy court filing fee for a Chapter 7 is $335.00

Do I have to go to court if I file bankruptcy?

With very few exceptions, every person who files for bankruptcy must attend at least one hearing.  In other words, the first meeting of creditors, or the 341(a) hearing.  All creditors get notice of this hearing, can attend, and can ask you questions during the examination.

Will a person lose everything in a bankruptcy?

No.  Many clients retain their homes, certain assets and other properties.  Also, our attorneys are bankruptcy lawyers and understand the laws concerning bankruptcy.  Some assets including pensions, education funds, insurance, public benefits, tools of the trade, and certain wages are exempt from bankruptcy.  An attorney can review the assets of the client and advise the client on the proper steps to take for retention of certain real property and assets.

How can I stop the constant creditor calls?

As soon as we file your Chapter 7 bankruptcy, there is an immediate “stay” (halt) of all collection actions by creditors.  This has given clients such an incredible relief from stress.  As well as, the countless families who have been under duress for a long period of time.

Free consultations with our Glendale bankruptcy lawyers.  By all means, call to get the answers to your (FAQS).  You can call us at (623) 640-4945 to set up your free bankruptcy consultation and debt evaluation.  Our Glendale bankruptcy attorneys will be more than happy to sit down with you, analyze things, and help you get started towards a new financial life.