Helping You Pursue Immediate Debt Relief
There are many reasons why some people in Arizona end up with debts they cannot afford to pay. Maybe your credit card company raised your interest rate or you get divorced. Maybe you had a medical emergency. Maybe you've lost your job or had to take a pay cut.
Chapter 7 bankruptcy is a legal procedure giving relief and a fresh start to people who are overburdened with certain types of debt. At Trezza & Associates, a locally-based Tucson law firm, we can help you understand your options and pursue bankruptcy protection.
Contact us to set up a free consultation with attorney Stephen Trezza. We offer a money-back guarantee to our Chapter 7 clients: If you hire us and are not satisfied, we'll refund your legal fees.
Understanding What It Means to File Chapter 7
Under the Chapter 7 bankruptcy procedure, we file for protection from the bankruptcy court, and a trustee administers your non-exempt assets. At that point, the court has the authority to discharge (permanently eliminate) certain types of unsecured debt, such as:
- Credit card debts
- Medical bills
- Payday loans
- Deficiency judgments
You may have heard Chapter 7 bankruptcy referred to as liquidation. What that means is that in certain cases, the court can sell off some of your non-exempt property in order to partially repay your creditors. However, many types of property are exempt, so most people don't lose anything. We will formulate a plan for you so that you will keep as many of your assets as possible.
We will carefully review your personal circumstances to determine what the likely consequences of Chapter 7 bankruptcy will be so you can make an informed decision. If you choose to file Chapter 7, we will guide you through the process.
Answering Your Questions About Bankruptcy
Most people have a lot of questions that they want to get answered before they go ahead and file bankruptcy. We will take the time to address any questions or concerns you may have. Some common questions are:
- Do I qualify for Chapter 7?
- What is a discharge?
- What is the automatic stay?
- What can I keep after filing Chapter 7?
- Do I have to go to court?
Every case is different, so it is important to discuss your situation with a lawyer before making a decision. Don't hesitate to contact us to talk over your options.
