Before your debt gets even worse, hire a Tucson bankruptcy lawyer.
Before a Tucson bankruptcy lawyer can file a Chapter 7 petition, their clients have to pass a "Means Test", by demonstrating to the court that they really earn less than Arizona's median income and cannot afford to pay even a portion of their debt. The "Means Test" would not apply to disabled military veterans if their indebtedness occurred during active duty.
A Tucson bankruptcy lawyer may be forced to move some of their clients into a Chapter 13, if their income is above Arizona's median income and if they can afford to pay at least $6,000 over five years.
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Total Bankruptcy - An exceptional resource for debtors
Debtors should have a qualified Arizona bankruptcy lawyer to help steer them through the state of Arizona exemption laws. With one phone call to 1-877-349-1309 you can make an appointment to talk to an experienced attorney of Total Bankruptcy. In addition, Total Bankruptcy offers important information on both types of consumer debt consolidation filings, identity theft, and how to avoid debt problems after your debts have been discharged.
What you should know about bankruptcy law
By filing under Chapter 7 a debtor might eliminate or consolidate unsecured debts. Secured debts can't be discharged under a Chapter 7 filing. Secured debts are those in which the creditors hold a lien against the debtor's property until the debt is paid. If the majority of debts are secured, a debtor can file under Chapter 13 by negotiating a reaffirmation agreement. In a Chapter 13 procedure, the debtor might agree to continue making payments in exchange for their right to keep their property.
If you are hesitating to file because of the stigma involved, or because you have a vague sense that it's wrong, don't hesitate any longer. Congress passed the laws originally to encourage financially troubled individuals to get their financial lives together by becoming productive individuals. Last year over 1.5 million Americans filed for creditor protection under both Chapter 7 and Chapter 13.
Call 1 (877) 349-1309 or use our Free and secure online case evaluation form to see if you qualify.
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The purpose of this web site is to help you learn everything you need to know about bankruptcy, the process, your bankruptcy attorney and your legal rights. The best place to start is with the U.S. Bankruptcy Code. It delivers protection to people in financial jeopardy who are suffering under mountains of debt. Bankruptcy is your legal right.