Posted on behalf of Phillips Law Group on Jan 21, 2011 in Local
For people who are suffering financially and who are not sure where to turn for help, there are options available. One of those options is filing for bankruptcy protection so that the collection efforts can stop and those who are working through these problems can plot a course to relief and recovery. Unfortunately, many people hesitate to file for bankruptcy protection because they mistakenly believe that this is a very complicated process. While every bankruptcy filing should be made with the help of an experienced Phoenix, AZ bankruptcy attorney, the process itself should not be intimidating, especially with the proper help. Below is an overview of the process of filing bankruptcy in Phoenix.
While there are different chapters under which someone can file a bankruptcy case that involve different types of procedures, there are some common documents that will be necessary no matter what type of bankruptcy is filed. Specifically, these forms include a basic document that establishes the filing of the case as well as schedules of debts and assets that must be included in order for the Bankruptcy Court to officially open the file. These schedules of debts and assets must also include the names and contact information for the creditors who are owed money, as the court will need to notify these creditors that a bankruptcy case has been filed and that their collection efforts must stop immediately.
After the initial documents are filed, a bankruptcy case will proceed differently depending on the chapter that governs the filing. If someone is filing under Chapter 7 of the Bankruptcy Code, those original schedules can be enough to complete the case after a hearing is held. If someone is filing under Chapter 13 of the Bankruptcy Code, he or she will also need to file a plan that proposes payment amounts to be made during the life of the plan. This plan needs to be approved by creditors.
In addition, these bankruptcy cases can be filed locally. The Phoenix Bankruptcy Court's Clerk's Office is located at:
230 North 1st Avenue
Phoenix, AZ 85003
Once the clerk receives the initial documents, the process of opening the case will begin.
If you are experiencing financial difficulties that seemingly have no end, you need to seek the help of Phoenix bankruptcy lawyers who have helped thousands of people obtain a fresh financial start. You'll also need this help to make sure that no mistakes are made that could put your relief in jeopardy. Contact Arentz Law Group PLLC today to schedule a free initial consultation.
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