Chapter 7 Bankruptcy Lawyer in Phoenix, AZ
Get Chapter 7 bankruptcy services in Phoenix, AZ and the Greater Valley Area.
Are You Overwhelmed with Debt You Can’t Pay Off?
A few bills can turn into a mountain of debt. If you feel like you’ll never be able to pay off your bills, consider getting Chapter 7 bankruptcy services with Hilltop Law.
After looking over your tax returns, bank statements, and other financial paperwork, our Phoenix bankruptcy lawyer will help you decide if Chapter 7 bankruptcy is the best option for you. If so, we’ll walk you through the whole process, which may take a few months. And we’ll be happy to talk about our zero-down bankruptcy payment plans.
Ready to learn more? Call (602) 466-9631 to schedule a FREE virtual consultation today.
Getting a Fresh Start
Debt can be overwhelming. You may have thought about filing for bankruptcy, but you weren’t even sure where to begin.
You may be eligible for Chapter 7 bankruptcy if you cannot afford to pay any portion of your debts. When you get Chapter 7 bankruptcy services, you can eliminate most of your dischargeable debts.
In less than a year, Chapter 7 bankruptcy allows you to get rid of your current debts and start over with a clean slate. Our team at Hilltop Law Firm can get the process rolling right away.
Making the Bill Collectors Go Away
If you have debts that you’re unable to pay, Chapter 7 bankruptcy gives you the breathing room you need. As soon as we file your Chapter 7 Petition, an automatic stay will take effect. This puts an immediate stop to all:
- Wage garnishments
- Utility disconnections
How Chapter 7 Works
After you file for Chapter 7 bankruptcy, your debts will be assigned to a trustee who may sell off your unprotected assets and distribute the proceeds to creditors. When the process is finished, the following debts will be wiped away:
- Credit card debt
- Unpaid medical bills
- Personal loan debt
- Some types of taxes
- Payday loans
- Unpaid utility bills
The Property You’re Allowed to Keep
Under Arizona law, you’re permitted to hold on to property that is legally exempt from creditors. This includes:
- Social Security benefits
- Unemployment compensation
- Veteran’s benefits
- Public assistance
- Up to $400,000 in home equity
- Up to $5,000 in one bank account
- Up to $15,000 in car equity
- Up to $15,000 in household goods
- Up to $5,000 in tools needed for your work
The exemptions for automobile equity, household goods, bank account, and tools needed for your work are doubled when you file as a married couple.
You may also choose to keep secured debts such as your car, home, and furniture by reaffirming those debts.
Debts That Are Not Discharged Through Chapter 7 Bankruptcy
There are certain debts that you won’t be able to eliminate. Federal laws shield the following financial commitments from dismissal in a Chapter 7 bankruptcy:
- Child support
- Student loans
- Recent taxes
- Legal fines and penalties
Let’s Get Started Today
When we go over your options, most eligible clients choose Chapter 7 bankruptcy. But you do have additional choices to consider.
We’ll be happy to meet with you in our office or we can provide a virtual consultation. Call (602) 466-9631 or just follow the link below to learn more today.