Pre-Filing Debtor Bankruptcy Education in Arizona
Before filing for bankruptcy, you will need to take a Credit Counseling Course that is required before you are allowed to file your Chapter 7 Bankruptcy Petition in Arizona. This can be accomplished online, www.knowdebt.org offers the Credit Counseling Course for $19.00. Upon completion of the course, you will receive a certificate that must be filed with your bankruptcy petition in Arizona.
Filing Bankruptcy Petition in Arizona
In a chapter 7 case, your case starts by filing a package of schedules and forms including the petition for chapter 7 bankruptcy in Arizona. You will typically file your bankruptcy papers in Arizona near where you live. Included with your bankruptcy petition is a list of your creditors. Soon after you have filed, the bankruptcy court in Arizona will send out a notice of bankruptcy filing to your creditors. Along with the notice of filing for bankruptcy in Arizona, the court will send a notice of meeting of creditors pursuant to section 341 of the bankruptcy code.
If you did not file all the required documents with your petition for chapter 7 bankruptcy in Arizona, you will receive a deficiency notice from the bankruptcy court. In most cases, you will only have 15 days to file the missing bankruptcy documents or risk your bankruptcy case being dismissed.
The Automatic Stay in Arizona
As soon as you file your bankruptcy petition in Arizona, the court issues an automatic stay. This is a special order of the court that tells creditors to back off and stop all collection actions against you. Creditors who ignore the automatic stay can face serious consequences. However, creditors in Arizona can ask the bankruptcy court to lift the automatic stay so that they can proceed with collection. The creditor would need to file a special motion with the bankruptcy court and it can take a few weeks before the court rules on the motion. In most cases, you don’t need to be concerned with a creditor filing a motion to lift the automatic stay in Arizona.
What About Your Property
You must tell the bankruptcy court in Arizona about all your property, both personal and real property must be disclosed. Bankruptcy exemptions in Arizona are very generous. Almost everyone will keep their property in bankruptcy in Arizona.
Secured Debts in Arizona Chapter 7 Bankruptcy Cases
Chapter 7 bankruptcy in Arizona deals primarily with unsecured debt, but bankruptcy law does provide for some secured debt to be dealt with in chapter 7 bankruptcy cases. Secured debt is debt that is collateralized by a physical asset like a house or a car. In some cases, you will need to either redeem or reaffirm the asset if you want to keep it. Reaffirmation agreements are often used to permit you to keep your car. Basically. In Arizona, a reaffirmation agreement allows you to keep making payments on your loan.
Arizona Bankruptcy Discharge
It can take about six months for a chapter 7 bankruptcy in Arizona to be discharged. A bankruptcy discharge is ultimately what you want. When your case is complete, you will receive a notice of discharge from the bankruptcy court in Arizona. This generally means that all your unsecured debt has been discharged in bankruptcy, or in other words, wiped out to give you a fresh start. In some cases, not all debts are discharged in bankruptcy, however debts like child support, taxes, student loans and debts that arose from fraud will not be discharged. Very important! Before your chapter 7 bankruptcy case is discharged, you must complete a Debtor Education Course, This can be accomplished online as well, www.knowdebt.org offers the Debtor Education Course for $19.00. Upon completion of the course, you will receive a certificate that must be filed with the bankruptcy court clerk’s office.
Once you have purchased the Arizona Chapter 7 Bankruptcy from Do It Yourself Legal Docs, you will be contacted by the offices of Hollis Joslin, Attorney at Law, to schedule your 20-minute phone consultation. Very Important! By purchasing the chapter 7 bankruptcy from Do It Yourself Legal Docs, the buyer has NOT retained or established a contract for representation with Hollis Joshlin, Attorney at law or any of Hollis Joshlin, Attorney at Law representatives.
Do It Yourself Legal Docs
Chapter 7 Bankruptcy Contents:
Arizona Bankruptcy Exemptions
Chapter 7 Bankruptcy Form Instructions
Chapter 7 Means Test Calculation
Chapter 7 Statement of Your Current Monthly Income
Chapter 7 Voluntary Petition
Declaration About an Individual Debtors Schedules
Schedule A-B Property
Schedule C The Property You Claim as Exempt
Schedule D Creditors Who Have Claims Secured by Property
Schedule E-F Creditors Who Have Unsecured Claims
Schedule G Executory Contracts and Unexpired Leases
Schedule H Your Codebtors
Schedule I Your Income
Schedule J Your Expenses
Schedule J-2 Expenses for Separate Household of Debtor 2
Statement About Your Social Security Numbers
Statement of Financial Affairs for Individuals Filing for Bankruptcy
Statement of Intention for Individuals Filing Under Chapter 7
Summary of Your Assets and Liabilities