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Thank you for visiting Bankruptcy Attorney Referral. We hope you will contact an Arizona bankruptcy attorney on our website and seek their assistance with answers to your specific bankruptcy needs. Remember, your initial consultation is absolutely free!
On this page you will find some helpful and typical Questions and Answers to some common Arizona bankruptcy inquiries.
Q: Will I lose my car and/or home in bankruptcy?
A: Most of the time in Arizona a consumer will be allowed to keep their home and vehicles. Arizona allows you up to one hundred fifty thousand in equity in your home and up to five thousand dollars in equity in one vehicle (if single) and $5000 per vehicle up to two cars if married.
Q: Can I finance a new car purchase after filing Arizona bankruptcy?
A: In some cases clients find it easier to finance a vehicle after a chapter 7 bankruptcy because your debt to income ratio likely has greatly improved. On top of that you are unable to re-file bankruptcy for eight years and the lender is aware of this.
Q: Does someone from the Arizona bankruptcy court come out to my house to verify all my possessions.
A: It would be rare indeed, if that happens. You are simply asked to list your assets and possessions on a bankruptcy schedule under oath.
Q: If I file bankruptcy against a credit card company, can I ever get a new credit card?
A: Absolutely it is possible. In today's environment credit card companies are tightening the screws on who they offer credit but the fact is you cannot file bankruptcy again for years and possible some card company will be willing to take a chance on you again. It is possible your interest will be higher than before, however.
Q: Can I file bankruptcy myself, without the use of an attorney?
A: Certainly it is allowable. Is it prudent? We do not believe so. Attorneys are experts and know Arizona bankruptcy law, where the average consumer often does not. There are situations where consumers find their case delayed or even dismissed for failure to properly file the correct paperwork or fulfill the courts need for full disclosure. We highly recommend the use of a qualified, local bankruptcy attorney found on this website.
Q: Are all my debts dismissed in bankruptcy?
A: There are some debts not dischargeable – some taxes, secured debt, and child support come to mind. Again, this question is exactly why we recommend you hire a competent Arizona bankruptcy lawyer.
Q: Must my debt be delinquent in order to file bankruptcy?
A: No. But more often than not, clients filing an Arizona bankruptcy are indeed behind on debt payments.
Q: Will I have to face my creditors during the bankruptcy proceedings?
A: You will attend a "meeting of creditors", and it is possible they could be present but not likely they will ask you any questions. However, you will be addressed by the Arizona trustee who will ask questions directly of you.
Q: Does it help to have an Arizona attorney file my bankruptcy?
A: We believe so. The bankruptcy laws changed a few years ago and made it more difficult for non-attorneys to know and understand the process. We suggest hiring the experts – your local Arizona bankruptcy attorney. You can find one on this website.
Q: Can I meet with an attorney for free?
A: Your initial consultation is free. This gives you the opportunity to meet the attorney, ask questions and understand the fees involved. This meeting may only last 30 minutes, so arrive well prepared. It also gives the attorney the opportunity to learn about your situation and ensure bankruptcy is the right course of action for you.
Our website is an attorney referral service only. We are not attorneys and are not licensed to practice law in any state. The information provided here is widely available for free from many sources and is intended for educational purposes only and is not meant as legal advice. If you need legal advice, please consult a licensed Arizona attorney.