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Read this infographic to learn about bankruptcy filing process in Goodyear, AZ and know how Goodyear bankruptcy filing attorneys at Phoenix Fresh Start Bankruptcy Attorneys can help you. Contact us today at 623-404-2476 or visit phoenixfreshstartbankruptcy.com
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GOODYEAR BANKRUPTCY LAWYERS Bankruptcy Filing Basics in Goodyear Bankruptcy filing is a federal legal process which allows debtors (those who owe debts) (“discharge”) their personal liability on or “reorganize” their debts. to eliminate Stops Collection Actions & Harassment A benefit of filing any bankruptcy is the automatic stay. The automatic stay is federal injunction. It prohibits creditors from taking any actions to collect against the debtor or property owned by the debtor. primary and immediate Keeping Your Property – Exemptions Exemptions determine the value in assets you are allowed to “keep” in any bankruptcy case. You are allowed to keep all your property in Chapter 13 cases but exemptions will partially determine how much you have to pay out over time to your creditors. In Chapter 7 your exemptions will determine which assets you can keep. Most Chapter 7 Bankruptcies are what is know as “no-asset” cases. Contact Us 2990 N Litchfield Rd, Goodyear, AZ 85395, USA 623-404-2476 info@phoenixfreshstartbankruptcy.com phoenixfreshstartbankruptcy.com