When most people think about bankruptcy and the process associated with it, they picture Chapter 7 bankruptcy, often referred to as "liquidation bankruptcy." Chapter 7 bankruptcy can be a fairly quick process, lasting as little as three to five months, that results in a discharge of your unsecured debts and the opportunity for a fresh financial start.
Phoenix Chapter 7 Bankruptcy Attorney
At The Roll Law Office, PLLC in Phoenix, Mesa, Scottsdale, and Tempe, Arizona, we are committed to helping consumers and businesses put their debt worries behind them. We offer convenient, supportive representation from an attorney and will help you deal with your overwhelming debt.
We offer free initial consultations and can help you determine if you qualify for Chapter 7 bankruptcy. Call 602-652-2403, toll free 866-603-1533 or send us an e-mail to arrange your consultation.
What Does Chapter 7 Bankruptcy Consist Of?
During our initial consultation, we will help you determine if you are eligible for Chapter 7 bankruptcy. Once retained, we can then help you complete all the paperwork required to file for bankruptcy protection. Next a creditor's meeting will take place along with the court-appointed bankruptcy trustee, where it will be determined which creditors will hold priority in being repaid from the proceeds of the bankruptcy. This process will usually take three to five months, after which you will receive a discharge of many, if not all of your unsecured debts.
Typically, consumers are able to hold on to their home and car during Chapter 7 bankruptcy, making the term "liquidation" somewhat misleading. Certain assets are exempt from liquidation during bankruptcy. We will help you determine which of your assets will be affected.
To learn more about Chapter 7 bankruptcy, including exempted assets, visit the following links:
Ready for Your Fresh Start? Contact an Arizona Chapter 7 Bankruptcy Lawyer
We are here to help. To schedule a free consultation with a compassionate legal professional, contact us today.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
