Are You Filing for Bankruptcy in Mesa?
Many people who are considering bankruptcy have reservations because they think the process is too long and too complicated. While bankruptcy law is complex, an experienced attorney can make it as straightforward and simple for you as possible.
If you are filing for bankruptcy in Mesa, Arizona, the attorneys at Arizona Law Group of Trezza & Associates are here to help. We can guide you through all aspects of the bankruptcy process to help you achieve your debt relief goals.
To discuss your specific circumstances with an experienced Mesa bankruptcy lawyer, contact us to schedule a consultation.
The Chapter 7 Process
In a Chapter 7, the trustee takes over the assets in a debtor's estate and liquidates them to pay creditors. However, most Chapter 7 bankruptcies are "no asset" cases, meaning the debtor's property is exempt from being seized.
Important steps in the Chapter 7 bankruptcy process include:
- Taking the means test to determine if you qualify for Chapter 7
- Filing the bankruptcy petition, which enacts the automatic stay, stopping creditors from taking legal action against you
- Attending a meeting with the bankruptcy trustee, typically 30 - 45 days after filing
- Debt discharge: usually within six months of filing
The Chapter 13 Process
In a Chapter 13, debt is not immediately discharged. Rather, you create a payment plan and propose it to the bankruptcy court. The plan will last three or five years, depending on your specific circumstances.
Over that period of time, you will make payments to the bankruptcy trustee, who will in turn pay your creditors. Chapter 13 also stops creditors from foreclosing on your property, garnishing your wages and taking other legal actions against you.
Contact a Mesa Bankruptcy Attorney
Do you have questions about the Mesa bankruptcy process? Every case is different, so it is important to discuss your situation with a Mesa bankruptcy lawyer before making a decision. Contact us to discuss your options. We represent clients from Mesa, Tempe, Tucson and throughout the surrounding region.
