Make Legal Arizona Bankruptcy Forms For Free

What Steps Are Involved in an Arizona Bankruptcy? learn about Chapters 7 and 13. check whether bankruptcy will erase debt. find out if you can keep property. determine whether you qualify. consider hiring a bankruptcy lawyer. stop paying qualifying debts. gather necessary financial documents. take a credit counseling course.

Chapter 7 bankruptcy is the most common form of bankruptcy in Arizona and throughout the U.S. It wipes out most forms of debt, such as credit cards, medical bills, and most tax debt over three years old. It also eliminates debt stemming from vehicle repossessions and real estate foreclosures.

In a Chapter 13 bankruptcy, you will work with your attorney to create a repayment plan and pay your disposable income to a Chapter 13 trustee over a period of three to five years. Typical fees in Arizona for a Chapter 13 attorney vary from $3,500 to $5,500 for competent representation.

It may take you a few weeks to gather all the documents you need for a bankruptcy, and you must give your attorney some time (usually at least a few days) to draft your petition. From the moment you file until your case is discharged should take about 3-5 months.

Here are some of the exemptions allowed by Arizona bankruptcy law: Homestead - up to $400,000. Bank balance up to $5,000 ( for one account only) Most pension and retirement plans, IRAs and 401(k) accounts (deposited more than 120 days before filing bankruptcy)

Chapter 13 Attorney Fees You need only come up with the court filing fee of $310 prior to the filing of your case. All your attorney fees are paid through your Chapter 13 Plan. You pay nothing ?out of pocket? to our firm after filing.