If you are currently dealing with unmanageable debts, then we suggest speaking with our Glendale, AZ chapter 7 bankruptcy lawyer as soon as possible. We understand that in today’s society, many of us have incurred debts and are struggling to pay them back. The cost of living and unanticipated life events can lead us to suddenly being in overwhelming debt. For some, filing for Chapter 7 bankruptcy can be the best option for them. Many individuals who are looking to eradicate their debts may file for bankruptcy. but there are certain requirements that must be met in order for someone to benefit from this path. If you would like to discuss your situation with us, contact us at Marty Martin Bankruptcy Law today!
What Chapter 7 Bankruptcy Does
There are many reasons why someone may file for chapter 7 bankruptcy. This type of bankruptcy can be referred to as liquidation bankruptcy, which means that non-exempt assets are reviewed so some of them can be sold to pay off debts. Most unsecured debts are eradicated through this approach. It only takes a few months to finalize and it is the most common type of bankruptcy that people file for. When initiating bankruptcy, our chapter 7 bankruptcy attorney can help you with completing the paperwork, reviewing financial documents, and offering other legal advice every step of the way.
What To Bring During Your Consultation
When meeting with us, bring as many financial records as you can gather. This will help us evaluate your financial situation and prepare the essential paperwork. After evaluating your circumstances, our chapter 7 bankruptcy attorney can give you options that are fully informed and will be sure to yield the benefits you are looking for. If you have a substantial amount of assets, our guidance can make the process less stressful. We will do what we can to protect what you have worked hard for, while also eliminating debts.
How To Build Back Credit Score
One of the potential drawbacks of filing for bankruptcy is having a low credit score immediately after filing. So many claimants have to work to build up their credit sooner than they expect. A bankruptcy filing will appear on your record for many years. But as our chapter 7 bankruptcy attorney suggests, during this time you can set goals to improve your credit score by making payments on time, creating budgets, only using credit cards when necessary, and creating an emergency fund.
Marty Martin Bankruptcy Law
If you would like to know if filing for Chapter 7 bankruptcy is right for you, then contact our team at Marty Martin Bankruptcy Law as soon as you can. After we learn more about your individual circumstances, we can recommend steps to take next. We know that making the decision to file for bankruptcy can be confusing. You may want to eliminate your debts, but are worried about the negative impacts you may have to deal with. Let our Glendale chapter 7 bankruptcy lawyer provide clear answers for you so you can feel confident about the choice you make.