Bankruptcy protection is a powerful tool that can provide a fresh start for people from all walks of life and all states in the union. Like residents of other states, Arizona residents do have some special considerations when filing for bankruptcy. These include:
Arizona Means Test: Before filing for bankruptcy in Arizona, you must measure your income against others in the state to see which type of bankruptcy protection you qualify for. If your income is less than the average Arizona resident, you will likely qualify to file for chapter 7 bankruptcy. If your income is higher, you may not qualify for chapter 7 bankruptcy but may be eligible to file for chapter 13 bankruptcy.
Consumer Credit Counseling: You may not file for bankruptcy without first attending an approved credit counseling session, which you must pay for yourself. Once the counseling is complete, you will receive a certificate that you must file along with your other bankruptcy documents.
Statement of Financial Affairs: This 25-question form covers questions about your income, debts, assets, and more. You will need to reference three year’s worth of your financial and legal records.
All of these elements and more need to be in order for your bankruptcy to go through. Enlisting the help of a qualified Arizona bankruptcy attorney is the most fool-proof way to ensure that your fresh start goes off without a hitch.
At The Zolman Law, we believe that your life shouldn’t be defined by debt. We have helped hundreds of people just like you find the relief they deserve from harassing bill collectors, paycheck garnishment, foreclosures proceedings, and – most importantly – the constant worry about money and what to do about your debts.
We are a dedicated debt relief law firm. We help people from Phoenix, Mesa, Gilbert, Queen Creek, Chandler, Scottsdale, Apache Junction, Tempe and throughout Arizona file for bankruptcy or work through tough tax problems every day. We can help stop the debt cycle and give you relief from your overwhelming, burdensome, and crushing debt. Please don’t wait another moment. Call us right away – our attorneys will help get you the fresh start you deserve.