Chapter 7 Bankruptcy Lawyer in Mesa

What is Chapter 7 Bankruptcy?

Chapter 7 is known as the “liquidation bankruptcy’’ because it discharges most of your unsecured debt. That includes credit card debt, medical bills and personal loans.

It’s the quickest, simplest and most common type of bankruptcy. More than 63% of the 819,159 bankruptcy cases filed in 2016, were Chapter 7.

An even more encouraging bankruptcy statistic: 95.5% of Chapter 7 filings had their debts discharged. You must pass a “means test’’ to qualify for Chapter 7 filing. The means test examines financial records, including income, expenses, secured and unsecured debt. You must qualify under income limits that vary by state. You might be forced to sell any non-exempt assets, although important assets like home, car, equipment for work, are exempt and can be retained.

Generally, the Chapter 7 process can be completed in three to four months.

Filing Chapter 7 Bankruptcy

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Get Legal Help with Filing Chapter 7

The attorneys at Dodge & Vega, PLC, have over 35 years of combined experience and are devoted to doing all they can to help you. Our firm is A rated by the Better Business Bureau and has achieved various professional nominations and recognitions. We serve individuals, families and business both small and large and take the time to understand the unique situations and needs of our clients. We pride ourselves on being different than the typical attorney, offering personalized service and tailored assistance driven by our genuine desire to help you achieve a better life.

When your life is a constant struggle to make ends meet, somehow pay your bills, cope with persistent creditors and beyond all this, simply stay afloat, you need to take decisive action. You may even be at risk of losing your home or investments, repossession, wage garnishments and more. Simply continuing on as exorbitant interest continues to accrue and you go without life’s necessities will not lead you out of this very stressful and precarious situation. You do have options under the law and it is imperative you take prompt action before matters get even worse. A bankruptcy attorney can review your personal circumstances and help you to determine the best course of action to help you make a fresh start.

We are one of the best Law Firms in Arizona

If you want to be represented by the best law firm for your case then do not hesitate and contact us.