Call one of our sponsoring Tucson bankruptcy attorneys today.
Tucson bankruptcy attorneys are dedicated to helping people who need their protection. The most important advantage of filing for bankruptcy is that debtors can often obtain a fresh financial start. Consumers who file for Chapter 7 bankruptcy may be forgiven (discharged from) most of their unsecured debts. Unsecured debts are those where no property is held as security for the loan. For instance, an automobile loan is typically secured by the automobile, and if payments are not made the lender can seize the automobile. On the other hand, most credit card debt is unsecured.
As soon as your petition is filed, you may be entitled to an automatic stay, which prohibits most collection activity.
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Tucson bankruptcy attorneys want you to be aware that bankruptcy law includes provisions such as:
- A financial means test that debtors must "pass" in order to qualify for Chapter 7 bankruptcy protection.
- A requirement that all debtors must receive a briefing from an approved credit counseling agency within six months prior to filing.
- A requirement that debtors take an approved class on debt management techniques before they receive their discharge.
The Tucson bankruptcy attorneys who sponsor Total Bankruptcy have learned that the means test prevents very few people from filing for Chapter 7 protection. In addition, the vast majority of debtors who complete the pre-filing credit counseling learn that bankruptcy is, in fact, the best option for them. Although the law requires credit counseling and means testing to make sure that people who are filing for bankruptcy really need the protection, the courts are quickly learning what bankruptcy lawyers have always known-most people who are at the stage of considering bankruptcy are exactly the people the bankruptcy code was intended to protect.
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If you have recently found yourself wondering if filing would be a good option for you, simply dial our toll-free number, 1 (877) 349-1309, or fill out our online case evaluation form. We'll put you in contact with a bankruptcy lawyer in your area for a free consultation.