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Pros and Cons of Chapter 7 Bankruptcy

May 30, 2025
Chapter 7 bankruptcy may be what you need to get relief from debts you cannot repay. The fresh start you can get from discharged debts under Chapter 7 can help you get back on your feet financially and give you peace of mind. At the same time, there are some drawbacks, including the fact...
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How Long Does it Take to File Bankruptcy Under Chapter 7?

April 24, 2025
From the day your bankruptcy lawyer files your petition with the U.S. Bankruptcy Court for the District of Arizona to the day the bankruptcy court judge signs your discharge order, the Chapter 7 bankruptcy process takes around four months. It can take longer in some situations, but a Chapter 7 bankruptcy timeline will seldom...
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How Often Can You File Chapter 7 Bankruptcy?

April 23, 2025
Under the United States Bankruptcy Code, no limit exists on how many times you can declare bankruptcy under Chapter 7. You are, however, subject to time restrictions on how soon you can file for Chapter 7 after you have filed for a prior Chapter 7 or Chapter 13 bankruptcy. In this post, we consider...
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How Much Does It Cost to File Bankruptcy in Arizona?

April 22, 2025
Filing for bankruptcy in Arizona is relatively inexpensive. It currently costs $338 to file for Chapter 7 bankruptcy and $313 to file for Chapter 13. However, filing for bankruptcy is difficult and time-consuming, so having a bankruptcy attorney is extremely important. Plus, paying attorney fees is only a fraction of the cost of paying...
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What Disqualifies You From Filing for Bankruptcy?

April 19, 2025
Bankruptcy is not an application process and is purely objective, meaning you do not need to have a minimum threshold of debt or a “valid” reason to file. However, there are some reasons why you may not be able to file for a specific chapter. For example, you may not pass the means test...
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