To file bankruptcy in Arizona, you will need to follow the steps. These steps include:
Determine which type of bankruptcy you are eligible to file for. In Arizona, the most common types of bankruptcy are Chapter 7 and Chapter 13. You should consult a qualified bankruptcy attorney that will assist you in deciding which bankruptcy will protect your property. The attorney should complete a means test to determine what kind of bankruptcy you qualify for.
Gather the necessary documents, such as pay stubs, tax returns, and a list of your creditors. Again, your attorney will direct you with regard to other documents that you should have access to when you want to file bankruptcy in Arizona.
Complete the required credit counseling course. This MUST be done prior to filing. BEWARE. If you fail to complete this prior to filing your case may be subject to dismissal. This course can be done online or in person. There is a second course that you will need to do after filing. Again, Mortensen Law Offices can assist you in your bankruptcy needs.
File your bankruptcy petition and schedules with the bankruptcy court. This can be done online. Mortensen Law offices will file all required documents. You must review and sign the documents prior to filing. The documents are filed under Penalty of Perjury.
After you file you will need to attend the 341 meeting of creditors. This is a meeting where the bankruptcy trustee will ask you questions. This is an important meeting where you answer questions under oath. The trustee is usually looking for clarification regarding your bankruptcy paperwork. You must provide documents to the trustee in bankruptcy if requested. Also, you have to cooperate with the trustee even after your case is discharged.
Complete a financial management course and send a copy to the court. This can also be done online or in person. The bankruptcy court will not grant a discharge of your debt if this course is not completed.
Obtain a discharge of your debts. This is the final step of the bankruptcy process, and it releases you from the legal obligation to pay certain debts. Your case does not automatically close upon discharge. It is vital to get legal advice so you understand the risks of filing bankruptcy.
There are many caveats that go along with this basic outline. Contact Mortensen Law Offices for advice regarding your debt and how to handle it in bankruptcy. The bankruptcy process can be complex, and it's recommended that you consult with an attorney who can guide you through the process. Call us today and we can answer your questions today about filing bankruptcy in Arizona
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