When things get tough, it can be a challenge to find financial solutions to solve the problems. However, if you are overwhelmed with debt that you can’t pay, you should consider filing for Chapter 7 bankruptcy to help you clear your slate and start fresh.
A bankruptcy attorney in Phoenix can be your best resource for this process. They will walk you through the steps to file, answer your questions, and guide you through the legal process. They can also answer your questions about how bankruptcy works, what types of debt you can get rid of, and the bankruptcy fees involved in filing for Chapter 7 or Chapter 13.
The Most Common Bankruptcy Debts Can Be Discharged In A Chapter 7 Case
Many types of consumer credit, including mortgage loans, personal loans, student loans, medical bills, and child support, will be discharged, or wiped out, when you file for bankruptcy under Chapter 7. However, some debts cannot be wiped out. These include debts arising from fraud or misconduct, such as taxes, criminal fines, and traffic tickets.
In addition, some debts may be restructured and discharged in your bankruptcy under Chapter 13 if you qualify for this type of case. The amount of these restructured debts will vary depending on your circumstances and your lawyer’s advice.
The Best Chapter 7 Bankruptcy Attorney In Phoenix
The best bankruptcy attorney in Phoenix will be able to handle your case from beginning to end, ensuring that all of your creditors are aware of the bankruptcy proceedings. She will also make sure that you are protected by the automatic stay, which prohibits creditors from collecting on your property.
Her team will also help you prepare your bankruptcy paperwork, explain your rights to your trustee, and fight any attempts by your creditors to challenge your case or stall your progress. In addition, your attorney will help you develop a payment plan that will work for you and your creditors.
You can file for bankruptcy on your own, but you have a better chance of success with an attorney by your side. A 2018 study found that pro se filers have nearly 10 times the chance of being dismissed or their debt discharge requests denied compared to those who hire an attorney.
Whether you’re thinking about filing for Chapter 7 or Chapter 13, contact us today to schedule a free consultation with a qualified bankruptcy attorney. We can answer your debt relief questions and provide you with a fresh financial start!
Cost of a Bankruptcy Attorney
The cost to hire an experienced bankruptcy lawyer depends on your situation. The fees are higher if your case involves complicated issues such as assets, income or avoidable transfers.
Your attorney will also charge for research and preparation of your case. In addition, she will attend your bankruptcy hearings to represent you and fight for your best interests.
In some cases, your lawyer might even be able to obtain a fee waiver. This is an option that can be particularly useful for people who are struggling with low income or are otherwise unable to afford an attorney’s services. Other times, you might be able to pay the lawyer’s fees in installments instead of upfront. The fees for these kinds of payments can vary widely, so it’s a good idea to ask your attorney what kinds of options are available.