Consumer Guide to Filing Chapter 7 Bankruptcy in Arizona

When people experience serious financial problems, they generally do not see a way out from under the mounting stress, increasing number of collections phone calls and letters and the self-inflicted shame that can dominate their daily lives. Fortunately, the law accounts for this reality in such a way that there is an option to put an end to all of this stress, and this option is filing a Chapter 7 bankruptcy in Phoenix. However, this is a step that should be taken with the help of an experienced Phoenix bankruptcy lawyer, as below are the steps involved with this process.

Gather Your Documents for your Phoenix Bankruptcy Lawyer

Any Chapter 7 bankruptcy filing will entail a detailed analysis and ultimately a turning over of specific financial statements, as a person’s financial situation is the foundation of any bankruptcy case. Therefore, before you meet with a Phoenix bankruptcy lawyer, gather all of your financial documents, including:

• Bank statements
• Paychecks
• Mortgage statements
• Recent tax returns
• Credit card bills
• Any other loan statements
• Any 401 (k) or retirement account statements

Of course, there could be other documents that are important, but the general rule should be that if you’re not sure if something is important, assume that it is and put it in the same place as everything else.

Next Step in Filing Arizona Bankruptcy: Meet with a Phoenix Bankruptcy Lawyer

When you’ve gathered everything you can, contact a Phoenix bankruptcy lawyer to schedule an initial consultation. During this meeting, the attorney will review your financial situation and look at different strategies for putting an end to your financial worries. This may involve filing a Chapter 7 bankruptcy or some other strategy, but you’ll need to present a full picture of your finances in order to obtain sound advice. After this meeting, you should have a much better idea of how to put this stress behind you.

Your AZ Bankruptcy Case is Started

If you make the wise decision of allowing a Phoenix bankruptcy lawyer to handle your case, all you’ll need to do is provide him or her with all the information necessary to file the case. After this happens, you’ll notice soon thereafter that the collection calls and letters will stop. Your attorney will help you understand what other involvement will be necessary, but in general there is little to worry about once you secure the help you need to make sure your Chapter 7 bankruptcy case is successful.

If you’re ready to put an end to the sleepless nights, the terror that accompanies every phone call or every trip to the mail box, take that critical first step and contact the experienced Phoenix bankruptcy lawyers at the Phillips Law Group today to schedule an initial consultation. Ph: 1-800-706-3000 .