Chapter 7 Bankruptcy

Phoenix, Arizona Chapter 7 Bankruptcy Attorney

At Bankruptcy Helpers, Inc. in Phoenix, Arizona, we not only address the personal bankruptcy needs of our clients, but also quell the misconceptions involving the new bankruptcy laws.

Many clients who come to us are confused about the new laws regarding a Chapter 7 bankruptcy. The changes in the law in October 2005 caused many attorneys to appear in television advertisements. They would claim that time was short if you wanted to file bankruptcy. For those who did not act "in time," they felt that their window of opportunity was now closed. That is not true.

At Bankruptcy Helpers, Inc., we assist our clients in filing a Chapter 7 bankruptcy or liquidation or discharge of your debts. There is a means test that must be passed to qualify. However, if you meet certain thresholds based on income and the size of your family, a means test is not necessary. Even if you do not pass the means test, you can still qualify for Chapter 13 bankruptcy.

When you come to our office regarding a Chapter 7 bankruptcy, we ask that you provide us with the information we need regarding your income, debts, and assets so we can review your case and identify your specific needs. Delinquency on a mortgage or car payments will be addressed. Loans that have been cosigned will be included as well, but the bank will likely pursue repayment from the cosigner.

If a married couple is facing the prospect of Chapter 7 bankruptcy, one person can file bankruptcy and have the marital debt discharged and taken against the marital assets. One spouse is able to preserve their possessions and maintain a better credit record.

For more information or to schedule an appointment with a bankruptcy lawyer regarding a Chapter 7 bankruptcy, debt liquidation, or debt discharge, please contact us.

To learn more about bankruptcy, please visit our Bankruptcy FAQs.