If you are struggling to pay your bills, and you have too much debt, it may be time to consider filing for Chapter 7 bankruptcy. This is the most common type of bankruptcy and can eliminate a large majority of your unsecured debt.
There are many benefits to filing for bankruptcy, including the ability to wipe out your debt and prevent creditor actions like foreclosure. The process can also allow you to protect your home and assets with bankruptcy exemptions.
A bankruptcy lawyer can help you with all of the paperwork and administrative work required to file for Chapter 7. This includes submitting the right forms, preparing schedules and providing backup documentation to your creditors at the 341 Meeting of Creditors.
When you are ready to file for bankruptcy, you will need to meet with a Phoenix bankruptcy attorney to discuss the details of your situation and determine what type of bankruptcy is best for you. You will need to gather all of your documents and financial statements as well as any relevant records related to your debts and income.
Bankruptcy attorneys charge a fee for their services, usually up-front. This fee can vary widely by area, so it is important to know which type of bankruptcy you are filing before deciding on an attorney.
If you are unable to afford an attorney, there are other resources available to you. Many legal aid societies and pro bono attorneys offer free or reduced-cost services to low-income individuals. Contact your local legal aid society or state bar or click here to find out about free services or programs in your area.
The cost of a bankruptcy attorney will vary depending on the location, complexity of your case and whether or not you qualify for free or discounted legal services. For example, the average attorney fee for a Chapter 7 case is $1,250 nationwide, but it can be more or less in certain cities.
You can also download a bankruptcy form package to save you time and money by avoiding having to assemble and file the necessary documents yourself. However, you should be aware that completing the necessary paperwork incorrectly could result in devastating results for your case.
A good bankruptcy attorney will have extensive experience in the court system and will know what arguments to make to help your case. He or she will also know the judges involved and what they will likely look for in your bankruptcy petition.
It is important to hire a Phoenix bankruptcy attorney that has the experience to ensure your case is filed correctly and successfully. A good attorney will also be able to protect your property and assets.
Choosing the right attorney for your needs will be an important decision that you will never regret. You want to make sure that you have a lawyer who is experienced, knowledgeable and will help you through the entire process from start to finish.
If you are looking to file for Chapter 7 bankruptcy, contact the law office of Rosenberg Musso & Weiner today. We are committed to helping you overcome the difficulties of financial debt and provide the bankruptcy protection you need.