If you’ve been facing financial hardships and need help filing for bankruptcy, it’s important to choose the right Chapter 7 Bankruptcy Attorney in Phoenix. Having a strong attorney will increase your chances of success and make the process less stressful.
Filing for bankruptcy is a big decision and the wrong choice could cost you more than you think. That’s why it’s essential to choose the right lawyer, who will guide you through the entire process and answer any questions you may have.
Before you file for bankruptcy, you must complete a credit counseling course, which is free and helps you manage your debts better in the future. This is an important step before you can file for bankruptcy and a certificate of completion is required.
When you file for Chapter 7, the court places an automatic stay on your creditors, which means they won’t be able to collect payments, repossess your property, garnish your wages or evict you from your home. It also means that the court appoints a bankruptcy trustee who will take over the management of your assets and property.
After the trustee reviews your documents and forms, they will hold a 341 Meeting of Creditors where you’ll be asked to answer a series of basic questions about your finances. It’s important to be honest and truthful, since the answers can affect whether your case is approved or dismissed.
You should also be aware that some of your debts, such as child support or student loans, may remain active after your bankruptcy is filed and you may be required to continue paying them. This can impact your ability to get a job and purchase a home.
Your bankruptcy attorney will work with you to determine which of your debts are dischargeable and which aren’t, so you can get a fresh start with the most favorable outcome possible. They will also review your current assets and debts to ensure you are fully prepared for the bankruptcy process.
Before you hire an attorney, it’s a good idea to ask them about their experience and credentials. Then, meet with them to discuss your case in person. You can also check their Google reviews to see what other people have said about them.
They should be able to explain the Chapter 7 bankruptcy process in plain English and explain how it will affect your life and your debts. It’s also helpful to know if they can work with you on a payment plan, if that’s part of your bankruptcy filing.
Having a strong attorney is important because they will be able to help you navigate the bankruptcy laws, file your papers and prepare your financial statements. This can reduce the time and stress of filing for bankruptcy, and it can help you get your debts wiped out faster.
You’ll want to find an experienced attorney who has a track record of helping consumers like you get the best results possible. If you’re unsure about whether bankruptcy is the right option for you, schedule a free consultation to learn more about the pros and cons of filing for Chapter 7 bankruptcy in Phoenix.