Call for a Free Consultation 602-910-7525

Bankruptcy

Is Bankruptcy Right for You? 

CHAPTER 7 BANKRUPTCY

DROWNING IN DEBT? LET US HELP YOU

A Chapter 7 Bankruptcy may be an option to end creditor harassment and give you the fresh start you need.

WHEN TO CONSIDER A CHAPTER 7 BANKRUPTCY

Generally, if you are being garnished (creditors taking money from your paycheck), tired of dealing with creditors, unable to pay creditors, or struggling with your debt, a Chapter 7 Bankruptcy may be right for you. There is no “one size fits all” solution. Each client's case is unique and often requires a different approach. It is important you speak to an attorney for a full case review to see if Bankruptcy is the right choice for you.

WHAT IS A CHAPTER 7 BANKRUPTCY?

 A Chapter 7 Bankruptcy is what most people are familiar with in the event of a bankruptcy. A Chapter 7 Bankruptcy is generally a 120-day process where you can eliminate most debt you currently have (exceptions apply). In order to eliminate your debt, a Trustee is appointed to review your assets and to sell assets that are not exempt (protected) by filing a bankruptcy. In most cases, assets clients possess are protected, meaning you do not have to turn it over to a Trustee. After approximately 120 days, you receive a discharge, which means the debt you have has been eliminated and you are rewarded with a fresh start. 

 WHAT ARE THE BENEFITS OF FILING A CHAPTER 7 BANKRUPTCY?

  • Stop wage garnishments
  • Stop creditor phone calls, emails, and mail
  • Stop Lawsuits and Legal Actions
  • Stop collection calls

 WHAT CAN A CHAPTER 7 BANKRUPTCY ELIMINATE?

  • Credit card debt
  • Medical bills
  • Certain tax debt
  • Deficiency from a repossession
  • Personal loans
  • Payday loans
  • Other debt

WHAT DO I NEED TO DO TO FILE MY CASE?

  1. Schedule a Free Consultation to make sure bankruptcy is a good decision for you
  2. Collect required paperwork
  3. Review your petition with an experienced attorney and file your case

CHAPTER 13 BANKRUPTCY

FREE ESTIMATED PAYMENT AMOUNT WITH EACH CASE REVIEW

 WHAT IS A CHAPTER 13 BANKRUPTCY?

 A Chapter 13 Bankruptcy is known as a reorganization of debt. A Chapter 13 Bankruptcy is a 3-5-year plan where the amount you repay will be determined by one of the following: 

  1. Disposable income (your monthly income – your monthly expenses = disposable income)
  2. Necessary payment to keep the property you wish to keep (such as your home or car)
  3. The amount creditors would receive if you filed a Chapter 7 Bankruptcy

 Need further explanation? Please call us Today

 WHY FILE A CHAPTER 13 BANKRUPTCY?

 There are many reasons why a Chapter 13 Bankruptcy is a better option for you. A Chapter 13 Bankruptcy may be a good choice in the event of a potential home foreclosure, vehicle repossession, income above the state median or if you have property that would not be protected by filing a Chapter 7 Bankruptcy. Each client's case is different and often requires a unique approach. It is important you speak to an attorney for a full case review to see if Bankruptcy is the right choice for you.

 WHAT IS THE BENEFIT OF FILING A CHAPTER 13 BANKRUPTCY?

  • Stop Foreclosure and pay arrears over the next 3-5 years
  • Stop Repossessions and pay arrears over the next 3-5 years
  • Stop Wage Garnishments
  • Stop Harassing Creditor Phone Calls, Emails or Mail
  • Stop Lawsuits and Legal Actions
  • Stop Collection Calls

WHAT CAN A CHAPTER 13 BANKRUPTCY ELIMINATE?

  • Credit Card Debt
  • Medical Bills
  • Certain Tax Debt
  • Deficiency from a Repossession
  • Personal Loans
  • Payday Loans
  • Debt to your former spouse after divorce
  • Other Debt 

DO I NEED TO PAY BACK ALL MY DEBT IN A CHAPTER 13 BANKRUPTCY?

 The short answer here is Likely Not. The debt you repay depends on many things such as your income and type of debt you owe. We offer Free Consultation to determine the debt you are required to repay. Each case is unique and must be reviewed by an attorney to determine the debt that must be paid and many others that do not require a repayment.

WHAT DO I NEED TO DO TO FILE MY CASE?

  1. Schedule a Free Consultation to make sure Bankruptcy is a good decision for you
  2. Collect Necessary Paperwork
  3. Review your Petition with an Experienced Attorney and File your Case

2 CONVENIENT LOCATIONS

Scottsdale Location

9375 East Shea Blvd., Suite 122
Scottsdale, AZ 85260
Office: 602.910.7525
Direct: 425.891.6691
Fax: 602.336.6262
Email: [email protected]

Phoenix Location

20 East Thomas Road, Suite 2229

Phoenix, AZ 84012
Office: 602.910.7525
Direct: 425.891.6691
Fax: 602.336.6262
Email: [email protected]

 We are a Debt Relief Agency. We help people file for bankruptcy relief.

Contact Us Today

You need immediate answers, straightforward advice, and someone to fight for you. The attorneys at Select Law vigorously represent each client. No one will fight harder for you. Call now. (602) 910-7525.

Menu