Are you considering filing for Phoenix Chapter 7 bankruptcy? The bankruptcy attorneys at Dault & Associates, PLLC can advise whether you are eligible. There is a “means test” under which you must qualify. For each state, an average income has been determined based on the number of people in the household. If the debtor’s income is less than this “state threshold,” no other calculation is required and they can file under Chapter 7. If it is higher than this threshold, more calculations must be made to determine eligibility. If a debtor does not qualify after these calculations, they must file for Chapter 13.
Chapter 7 bankruptcy can wipe away unsecured debts such as credit cards, medical bills, and personal loans, just to name a few. This means you will not have to pay these debts. It also stops wage garnishment. Creditors or collectors can no longer call you. You can however usually keep your house, your car and other personal belongings. While a Chapter 7 bankruptcy remains on your credit report for ten years, you can at least start with a clean slate once you have been discharged.
Contact the Dault Law Group for a free review of your case. You may be eligible to file for a Phoenix Chapter 7 bankruptcy and gain the peace of mind you have been missing.
