When you are facing financial problems, it can be difficult to know what to do. Whether you need help getting out of debt, or are preventing foreclosure, it is important to get the assistance of a Phoenix bankruptcy attorney. These professionals will answer your questions and can walk you through the process.
Before you file for bankruptcy, it is important to complete a credit counseling course. This will allow you to understand the pros and cons of the procedure and determine which one will be best for you. After filing, your credit report will remain on file for seven years. It is not expected that your credit will drop drastically, and many people rebuild their financial profiles after their discharge.
Bankruptcy filing can provide a fresh start. You can eliminate your bills and avoid debt collection action. Filing for bankruptcy can even allow you to keep possessions that are protected under bankruptcy laws. Your lawyer can help you choose the type of bankruptcy that will work best for you.
Some debtors are afraid of filing for bankruptcy because they think their credit score will be ruined. That is not always true. Many people who file for bankruptcy notice a huge improvement in their credit score after the bankruptcy process is completed. There is no minimum amount of debt that is necessary to qualify for filing.
Filing for bankruptcy can also protect your family from harassing collectors. While it is not illegal for debt collectors to call and demand payment, it is legal to hire an attorney to protect your interests. If your creditors are abusive, an attorney will make sure your rights are upheld.
Once you have decided to file for bankruptcy, you can expect the bankruptcy process to take some time. An attorney will work with you to complete the necessary forms and prepare them for the court. Also, you will have to pay an attorney fee before filing. However, there are some cases where the court will waive the fee.
Choosing a qualified Phoenix bankruptcy attorney can ensure that the process goes smoothly. A good attorney can also determine whether or not you are eligible for bankruptcy. For example, you may qualify for chapter 7 or chapter 13 bankruptcies. The cost of filing can vary, depending on the size and complexity of your case. In addition, there is a means test, which will help you determine if you are eligible for bankruptcy.
If you are interested in hiring a Phoenix bankruptcy lawyer, you should look at the services offered by LegalHelp-az. The firm has offices in Arizona, including Tucson and Mesa. They serve bankruptcy clients in Maricopa County and Yuma County.
During a bankruptcy consultation, your Phoenix bankruptcy attorney can discuss your options and qualifications. Your lawyer can give you an estimate of their fees. Finally, they can set expectations for you and the process. Regardless of your situation, a bankruptcy lawyer can help you to eliminate your debt and improve your credit.