Chapter 7 Bankruptcy

Filing Personal Bankruptcy in Tucson and southern Arizona

If personal bankruptcy looms in your future, consider contacting Jeffrey P. Judge at Judge Law Firm. Mr. Judge and his staff handle Tucson Chapter 7 bankruptcy cases and are knowledgeable in the advantages of asset liquidation proceedings. You may be overwhelmed with high credit card usage or unexpected medical bills from a catastrophic illness. Or maybe you just blew your budget. Whatever the case, you are not alone. Many people, at one time or another, find themselves in economic trouble; ultimately they consider filing bankruptcy in Tucson. Chapter 7 could be the appropriate method to discharge your debt, identify an intelligent financial plan, and return you to stable fiscal ground.

Basically, Chapter 7 is the Federal Bankruptcy Code’s most frequently used provision. Have you ever heard the phrases “liquidation, debt wipe-out, or fresh start?” These terms are often mentioned when people consider personal bankruptcy.  Chapter 7 involves the complete liquidation (sale) of a person’s property and the use of that money to repay creditors. In other words, the debts are wiped out and the debtor starts fresh. Depending on your state of residence, certain property can be exempt from liquidation, such as limited equity in a car or house, tools of one’s trade, and some personal effects.

Chapter 7 is an effective and quick way to eliminate debt for some people, but it isn’t available for everyone. For example, the Tucson court may review your income, expenses, and debt burden and suggest a Chapter 13 repayment plan which schedules payments over time. Furthermore, your chances of filing Chapter 7 are minimized if you have already received a bankruptcy discharge in the last six to eight years. Looking for help with Chapter 7 in Tucson? The Judge Law Firm will evaluate your situation, maintain your privacy and encourage effective remedies.

To learn if Chapter 7 bankruptcy in Tucson is right for you, please call Jeffrey P. Judge at 520-745-1500 or submit our email form for an initial consultation.