A  Chapter 7 bankruptcy is a liquidation bankruptcy that can eliminate most unsecured debt, such as credit cards, medical bills and old leases.  However, not all debt may be discharged in a Chapter 7 bankruptcy.  Some debts, like taxes, student loans, child support and alimony cannot be eliminated in bankruptcy.  If you have a car loan and/or a mortgage and if you want to keep this property, you must continue making those payments.

Approximately 45 days after your case is filed, you will meet with the trustee assigned to your case for the Meeting of Creditors.  As part of her representation of you, Angela attends this meeting with you.  At the end of the case, you receive a discharge of your unsecured debt.

In Arizona, people who are filing bankruptcy are permitted to keep most of their personal property.  This protected property is called exempt property.  With careful planning, your most personal property may be saved.  Bankruptcy also offers people the benefit of an automatic stay.  This “stay” or court order prohibits debt collectors from calling and harassing you once you have filed your case with the Bankruptcy Court.  This means you will no longer get those nasty phone calls or threatening letters.  Collection activity, such as garnishments and levies, are prohibited after you file a bankruptcy case.