The Bankruptcy Process

Mesa Bankruptcy Lawyers

The bankruptcy process can be difficult, contact our Mesa bankruptcy lawyers.  Our debt relief experts can be a defining asset to you and your family when you are thinking about filing for bankruptcy in Mesa, Arizona.  Filing for chapter 7 or chapter 13 bankruptcy is a major decision, having an understanding of the bankruptcy filing process can help take away some of the fear and give you a better understanding about what to expect. Contacting an experienced attorney for a free initial consultation is a good first step to obtain the information you need to make that decision.

A Mesa bankruptcy lawyer from the law office of My AZ Lawyers will answer your questions about the bankruptcy process, analyze your debt situation, and advise you about which type of bankruptcy may work best for you. Our Mesa bankruptcy law firm has helped hundreds of residents in Mesa, Gilbert, Chandler, and surrounding communities file for debt relief through the protection of bankruptcy. We also represent clients in Maricopa County, Pima County, Pinal County, and counties throughout Arizona.

The Process of Filing for Bankruptcy

Filing for Chapter 13 or Chapter 7 bankruptcy are similar, but there are a few differences:

• Within 180 days prior to filing bankruptcy in Mesa, Arizona, you will need to take a credit counseling course.
• After completion of the credit counseling course, your Mesa bankruptcy attorney will file your bankruptcy petition with the bankruptcy court. Your creditors will be notified about the filing. At this point no creditors are not permitted to contact you to collect any monies owed. An “automatic stay” is put on all other collection activities.
• After the bankruptcy petition is filed, you have 15 days to file your documents that fully disclose your complete financial information with the bankruptcy court. If you are filing for Chapter 13 bankruptcy protection, you will also file a payment schedule.
• In Chapter 7 bankruptcy, a Statement of Intention is filed, which discloses what you will do with secured property such as your car or your home.
• Approximately 45 days after your bankruptcy petition is filed with the bankruptcy court, a creditor meeting is held (A 341 meeting of creditors). It is mandatory that you attend this meeting. Your Mesa bankruptcy attorney will be present with you at the 341 hearing.
• For Chapter 7 bankruptcy, it takes approximately 4 to 6 months after the filing of the petition for the process to be completed and your debts discharged. In a Chapter 13 bankruptcy, the process is completed when your debts have been repaid in agreement with the payment plan. This typically takes (3-5) three to five years.
• Before your bankruptcy can be discharged, you will be required to complete a course in financial management. Our helpful law staff will assist you with your classes.
• Your Mesa bankruptcy attorneys will assist you with all aspects of your bankruptcy.  We will be there throughout the entire bankruptcy process.

Contact our Mesa Bankruptcy Lawyers today to determine what type of debt relief might be right for your financial situation.  Our Mesa bankruptcy law firm is waiting to help you. Call (480) 833-8000