Our Chandler Bankruptcy Attorneys use bankruptcy as a legal tool that residents of Maricopa County regularly need when they are faced with debt that they cannot pay. Therefore, if you are considering filing for bankruptcy, the Chandler Debt Relief Lawyers at Arizona Zero Down Bankruptcy can help you get a “Fresh Start” through Filing Chapter 7 or Chapter 13 Bankruptcy with $0 Down. Therefore, filing bankruptcy with our Chandler Bankruptcy Lawyeris just a phone call away, and you can file today with no money down.
FILE BANKRUPTCY IN CHANDLER WITH NO MONEY DOWN
What is Bankruptcy in Chandler, Arizona?
Bankruptcy is a legal procedure created to help people who are in debt. Therefore, most people choose to file either a Chapter 7 or Chapter 13 bankruptcy, which are explained in detail below. Plus, you can file your bankruptcy singly or jointly if you are married. Also, each state has its own specific exemptions and requirements. Arizona’s residency requirement is stricter than some states’. So, you must reside in Arizona for at least the greater part of 180 days before you are eligible to file. Thus, you should consult a Chandler Bankruptcy Lawyer. Additionally, if you aren’t sure that you qualify to file for bankruptcy protection in Arizona, a quality bankruptcy attorney in Chandler can assist.
What is the “Automatic Stay”?
The automatic stay is an order that starts when a bankruptcy is filed. Its purpose is to protect the debtor and their assets from creditors. The automatic stay stops all collection efforts. It is designed to give the debtor some breathing room to work out a debt relief plan. In essence, the automatic stay freezes the debtor’s assets so that individual creditors cannot get at them. The automatic stay preserves a debtor’s ability to pursue a “Fresh Start”. Thus, if you have questions about filing for bankruptcy in Chandler, Arizona, please contact our Chandler bankruptcy attorneys for additional information.
When you file either chapter 7 or chapter 13 bankruptcy with our Chandler Bankruptcy Lawyer, your assets will be frozen by the Automatic Stay of Protection. This stops all creditor collection actions. While the stay is in effect, your creditors may not repossess your vehicle, foreclose your home, shut off your utilities, or garnish your bank account or wages. You will be protected by the stay until your case is discharged or dismissed.
You Should Consider Declaring Bankruptcy If You…
Have debt collectors are harassing you because you are behind on multiple bills
Are in a situation where your car is about to be repossessed
Have your Utilities shut off
Can only afford minimum payments on your credit cards
Are living paycheck to paycheck
Are paying for groceries with credit cards
Months behind on payments
Facing a Foreclosure
Have massive medical bills
Have lost your job or are unemployed
Are liquidating your retirement assets
Experience daily stress and anxiety due to debt
AN ARIZONA ZERO DOWN BANKRUPTCY WILL:
Stop harassing creditors
Save the Family Home and Stop Foreclosures
Help you avoid bank levies and garnishments
Lower interest rates
Allow you to avoid IRS levies
Stop Garnishment of your wages
Strip second mortgages through Lien Stripping
Give you a “Fresh Start” as there is Life After Bankruptcy
CONTACT ARIZONA ZERO DOWN BANKRUPTCY AND GET DEBT FREE TODAY
Bankruptcy is a legal process that allows those who are struggling with debt to either liquidate or reorganize it. Most individuals choose between filing Chapter 7 and Chapter 13 bankruptcy. Filing either chapter triggers the Automatic Stay, which protects you from your creditors while you wait for your debts to be discharged. Once discharged, you are no longer obligated to repay those debts. Declaring bankruptcy involves filing a petition with the court, attending a hearing called a 341 Meeting of Creditors, and interacting with a court-appointed lawyer known as the trustee. There are other requirements you may need to fulfill based on the chapter you file and your specific circumstances. An experienced bankruptcy attorney can help you determine which will apply for you.
Discharging your debts in bankruptcy gives you the opportunity to rebuild your credit history. When you are no longer juggling several debt payments, interest, penalties, and more, you can focus on making positive improvements to your credit score. Filing bankruptcy activates the automatic stay, which stops almost all forms of creditor harassment and collection.
Most wage garnishments will stop with a bankruptcy filing because of the automatic stay. If the associated debt is discharged in the bankruptcy, the garnishment won’t resume after the case has concluded. However, child support and alimony wage garnishments won’t stop due to a Chapter 7 bankruptcy filing. The only way to stop a domestic obligation wage garnishment is by filing a Chapter 13 bankruptcy that arranges for full repayment of your arrearages.
The amount your creditor can take in a wage garnishment depends on the type of debt associated with it. For example, student loans and some other debts can be garnished at 15%, while credit card debts and other unsecured debts can be garnished up to 25%. Domestic obligations can garnish your wages at a far higher rate. If you are behind on child support, your wages can be garnished up to 50%. If you have no other dependents, that is increased to 60%. An additional 5% can be tacked on if you are more than 12 weeks behind on child support, for a maximum wage garnishment of 65%.
Only a few groups of people must be notified of a Maricopa County bankruptcy filing. All of the creditors in your creditor mailing matrix will be notified of your bankruptcy filing, in order to comply with the automatic stay. Any co-signers on your loans must also be notified of your bankruptcy. Lastly, your employer must be notified of your bankruptcy if you have a wage garnishment in place. Your bankruptcy will also be available through public record.
Zero $$ Down Bankruptcy is an innovative payment option offered by select bankruptcy attorneys. Our experienced Chandler bankruptcy lawyers know just how difficult it can be for our clients to save up the money to pay for bankruptcy, especially before their petition is filed. Clients who file with our Zero Down program enjoy the benefit of paying for their bankruptcy in affordable installments after their skeleton petition has been filed. This enacts the automatic stay, stops garnishments and repossessions, etc. Then, our attorneys charge and finance all work completed from that point on- completing the full bankruptcy petition, attending your 341 Meeting of Creditors, and so on. Your payment plan can last up to 12 months after filing and includes a 0% interest rate.
If you are considering bankruptcy, you would be far from our first client with a less than perfect credit score. The opportunity to improve your credit is a huge reason that many people choose to file bankruptcy. Most of our clients with a steady source of income are able to qualify for our $0 Down Bankruptcy program. Another added bonus is that our $0 Down bankruptcy program includes credit reporting. This means that making your timely payments will help you improve your post-bankruptcy credit score.
Most people find their bankruptcy attorneys through online searches, whether through their state’s Bar website or through specialized search engines like Nolo and Avvo. You will then need to have a consultation with each of your potential attorneys to make sure that they are the right fit and have experience that is relevant to your circumstances. Our Chandler bankruptcy attorneys offer our consultations free of charge, to take the risk factor out of the consultation process for you. We also offer unparalleled service at affordable rates and flexible payment options. Call or use our online form to request your free consultation today.
It would be illegal discrimination for your employer to fire you due to a bankruptcy filing. You also can’t be fired for receiving a notice of wage garnishment. You can, however, be terminated for a second wage garnishment notice in a one-year period.
A Chapter 7 bankruptcy will remain on your credit for 10 years after filing. However, you should be able to obtain new lines of credit far before then. You will receive offers for new credit after your case has been discharged, but may qualify for vehicle loans and other lines of credit shortly after filing. You will be eligible for FHA loans 2 years after your bankruptcy has been filed.
A Chapter 13 bankruptcy remains on your credit for 7 years after filing. However, you may need to wait longer in a Chapter 13 bankruptcy to obtain new lending. The trustee will have to approve all such expenditures during your bankruptcy, which will last 3-5 years.
Whereas, a Chapter 13 bankruptcy is the only choice if you are behind on your mortgage or business payments and you want to keep your property. You may also be able to strip a 2nd mortgage in a Chapter 13. Additionally, a chapter 13 bankruptcy, (through the Ch 13 repayment plan,) allows you to make up their overdue payments over time. Consistent payments in your repayment plan will allow you to reinstate the original mortgage agreement. In general, if you have valuable property that is not covered by the Arizona bankruptcy exemptions that you want to keep, Chapter 13 bankruptcy may be the better option than a Chapter 7. Another reason people file Chapter 13 bankruptcy is they make too much income to file a Ch. 7. Also, debt that is not dischargeable in a Chapter 7 (e.g. certain taxes) makes a Chapter 13 a viable Chandler debt relief option.
However, far and away, more people in Chandler, Maricopa County, Arizona simply want to get rid of their debt and seek a “Fresh Start“. Chapter 7 Bankruptcy provides an attractive choice for Chandler residents as they simply eliminate their heavy debt burden without paying any of it back.
How much does it cost to file a Chapter 7 Bankruptcy?
The mandatory fee you will pay to the court for a Chapter 7 bankruptcy is $338. However, if you can’t afford the filing fee, you may be able to have it waived or pay in installments. Plus, the bankruptcy court is likely to deny these requests if you are represented by an attorney, unless they are working pro bono (for free).
Attorney fees in a chapter 7 bankruptcy vary a lot. Plus, your attorney’s fees will likely be substantially higher than the court filing fee. Chandler bankruptcy lawyer cost vary. Likely, debt relief lawyer fees are based on a few other factors. For instance, if your case is highly complex, your Chandler BK Attorney may need to charge a bit extra. Also, attending additional hearings such as a reaffirmation hearings may come with an added fee.
Keep in mind, an experienced attorney with a good reputation usually charges a greater fee than a newer attorney. Experience matters! Lastly, some attorneys offer special services like $0 down payment plans. Attorneys often must charge a premium to be able to offer such programs. You will also need to pay for your credit counseling courses, but these fees are negligible compared to the filing fee and attorney’s fees.
How much does it cost to file a Chapter 13 Bankruptcy?
Our Chandler Bankruptcy Attorneys can help you become debt free!
The attorney’s fees for a Chapter 13 are typically much higher than for a Chapter 7. However, you may be able to reach an agreement with your attorney for a small amount down, and work the rest of your attorney’s fees into your payment plan. The court filing fee for a Chapter 13 bankruptcy is $310.
How long does a Chapter 7 Bankruptcy stay on a person’s credit?
Chapter 7 Bankruptcy in Chandler remains on your credit for 10 years from the date your case is filed. Consult our Chandler Zero Down bankruptcy team for details. Contact our Chandler bankruptcy attorneys is you are considering declaring bankruptcy.
How long does a Chapter 13 Bankruptcy stay on a person’s credit?
Chapter 13 Bankruptcy remains on your credit for 7 years from the date your case is filed. This is a shorter period of time than a Chapter 7. Contact our Chandler Bankruptcy team for details.
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