Are you unable to make ends meet due to the crushing weight of debt? Do you dread answering the phone or checking your mail due to constant harassing communications from creditors? If so, Chapter 7 bankruptcy may be the source of relief you’ve been looking for. At the Law Offices of Campbell & Coombs P.C., our Flagstaff bankruptcy lawyers have helped countless clients eliminate their debts and can get you on the road towards a debt-free future. With more than 75 years of combined legal experience, we have what it takes to help you turn your financial situation around.
Discuss your situation with us today during a no-cost consultation.
Chapter 7 is the most common type of consumer bankruptcy and is a completely legitimate and honorable tool for financially struggling Americans to achieve a clean financial slate. The process of Chapter 7 bankruptcy involves liquidating certain non-exempt assets in order to repay your creditors. While some possessions such as low-cost vehicles and property worth up to $150,000 can be exempt from being claimed by creditors, anything that is deemed excess property by the courts is subject to being claimed. Once creditors have been paid up to a certain amount, all remaining unsecured debts are permanently discharged and never have to be paid back.
Chapter 7 bankruptcy can eliminate the following types of debts:
Immediately upon filing for bankruptcy, the courts will also implement an “automatic stay” which will immediately cease all creditor communications and most collection efforts, providing you with much needed breathing room.
To qualify for Chapter 7 bankruptcy you must first submit to an analysis of your income and expenses known as a “means test.” If your income is less than the median for an average household of your size in Arizona, you automatically qualify for Chapter 7 bankruptcy. If your income exceeds this amount, further calculations must be made to determine how much disposable income you have to cover your debts. Since determining eligibility for Chapter 7 bankruptcy can be such a complex process, it is urgent you speak with our attorneys to determine your legal options.
Nobody should be forced to live life shackled by debt. At the Law Offices of Campbell & Coombs P.C., our Flagstaff bankruptcy attorneys understand your struggles and are willing to do whatever it takes to help you get through this difficult time as smoothly as possible. Having earned a “Superb” Avvo Rating in Bankruptcy Law and numerous positive client testimonials, your case is sure to be in excellent hands. Do not attempt to handle the stress and uncertainty of bankruptcy alone. Let us carry the legal weight on your behalf.
Get in touch with us today to take the first step towards financial freedom.