Maricopa County, Arizona, Chapter 7 Bankruptcy Lawyers
A Fresh Start
Often referred to as liquidation or straight bankruptcy, Chapter 7 bankruptcy is often the most attractive bankruptcy option available for individuals who qualify. Chapter 7 bankruptcy can protect you from creditor harassment and foreclosure while eliminating the credit card, medical bills and other unsecured debts that have been weighing on you.
At the Phoenix, Arizona, law firm of Platt & Westby, P.C., we have been providing good people with skilled bankruptcy representation since 1973. We work closely with our clients to determine the appropriate type of debt relief option for their situation.
Are you deep in debt? We can help you. To schedule a free initial consultation with an experienced Chapter 7 bankruptcy lawyer, contact our firm today.
Do You Qualify for Chapter 7?
While it is usually the most desirable bankruptcy option, Chapter 7 bankruptcy is not for everyone. Under the most recent updates to the nation's bankruptcy laws, there is a means test to determine if you qualify for Chapter 7. Usually, people who earn too much to qualify for Chapter 7 bankruptcy can qualify for Chapter 13 bankruptcy.
How Does Chapter 7 Work?
When you file for Chapter 7, the court will immediately issue a stay that stops all creditor harassment and property seizures. A trustee will be appointed by the court to look after the interests of creditors and review the circumstances of your case. Also, the trustee will liquidate your non-exempt assets, distributing the proceeds to creditors. After liquidation, the court will sign an order that eliminates your debts.
What Debts Will You Have to Pay?
Some debts are not discharged by filing for Chapter 7. There are a variety of debts that you must still pay including:
- Child support
- Alimony
- Tax debt
- Student loans
Additionally, if your need for bankruptcy is caused by a recent spending spree, any luxury items you purchased on credit may have to be paid for in full. This could cover items such as:
- Fur clothing
- Boats
- Motor vehicles
- Art
- Cash advances
- Travel expenses
Find out if you qualify for chapter 7. To discuss your debt elimination options with an experienced bankruptcy attorney, call 623.239.4422 for a free initial consultation.
