The Bankruptcy Process in Phoenix
Guidance from a Bankruptcy Attorney in Arizona
Bankruptcy has enabled many debtors across the nation break free from their debt. At the Law Office of Harold E. Campbell P.C., we can guide you through the entire process, step by step, to ensure that your debts are resolved effectively and in a timely manner. Below is an overview of the process and what you can expect.
If you have questions or if you are interested in learning more, don’t hesitate to contact us.
Before You File for Bankruptcy
- Review your debt and exemptions: An attorney should analyze your debt to help determine your total debts, exemptions, what can be discharged, and what you can keep.
- Determine the right chapter: Not all debtors will be eligible for certain chapters, so it is important that you have an attorney determine your eligibility and which chapter will work best to resolve your debt.
When we’ve decided on the right chapter for you, a bankruptcy lawyer from our team can walk you through the paperwork that outlines all your debts, income, properties, exemptions, tax returns, etc. We can submit your paperwork in a timely manner to the court.
After Bankruptcy Has Been Filed
- Automatic stay takes effect: This prohibits all creditor collection activities, including foreclosures, IRS collections, wage garnishments, repossessions, and other actions by creditors. If a creditor is violating the automatic stay, contact our attorney.
- Creditor meetings: Your attorney can represent you during meetings with creditors and the bankruptcy trustee to go over your debt and details in your petition.
- Credit counseling or debtor education: You may be ordered to take creditor counseling courses before any debt is charged. In these courses, you will learn about money management, using credit responsibly, and other financial education topics, etc.
- Discharge (or repayment): When you have completed all the requirements and the necessary time period has passed, your debt may be discharged. If you are on a repayment plan and have fulfilled your payment plan, your remaining debt can also be discharged.