Arizona Debt Relief Attorney
At The Law Offices of Anca Iacob, I provide comprehensive Chapter 7 bankruptcy representation. I understand the emotional and financial hardships associated with overwhelming debt.
Are you struggling with soaring credit card debt? Have medical bills gotten out of hand? Are creditors calling your home during all hours of the day and night? Don't let debts control your life. I recommend that you take the first step toward a debt-free life.
Chapter 7 is the fastest and most common way for individuals to wipe away most debts and achieve a debt-free life. As a volunteer with the self-help center of the bankruptcy court, I have witnessed the serious errors individuals make when trying to file for bankruptcy on their own or with inadequate legal guidance.
My extensive knowledge of the bankruptcy process and Bankruptcy Code as a Glendale Chapter 7 bankruptcy attorney enables me to effectively and efficiently prepare petitions to ensure a successful discharge. I provide trusted guidance and effective pre-filing preparation to help prevent future court intervention. I am dedicated to helping my clients achieve their goals and gain a fresh financial start.
I will evaluate your situation to determine if bankruptcy is right for you. When appropriate, I will discuss Chapter 13 debt repayment plan options.
What You Can and Cannot Discharge
Depending on your situation, you may be able to discharge most, if not all, of your debt under Chapter 7. It is important to understand which debts can be discharged under the federal guidelines. There are conditions for each category, so please call my firm to discuss your debts.
Dischargeable Unsecured Debts
Most unsecured debts are dischargeable. Unsecured debts are debts that have no collateral to back them up, such as:
- Credit card debts
- Medical debts
- Most personal loans
- Deficiencies on repossessed vehicles
- Payday loans
Dischargeable Secured Debts
Secured debts are supported by collateral — such as a piece of real property, a car, or furniture. You can get rid of the debt by returning the collateral to the creditor and not being liable for the difference between what you owe and what it was sold for deficiency.
Non-Dischargeable Unsecured Debts
Federal law places restrictions on court-ordered debts and other types of unsecured debts. The following are not dischargeable:
- Taxes
- Child support
- Spousal alimony
- Fines or penalties owned to governmental agencies
- Student loans
- Debts incurred by fraud
- Debts incurred by driving under the influence (DUI)
- Debts you agreed to pay by signing a reaffirmation agreement
- Debts related to willful injury to another person or property
Non-Dischargeable Secured Debts
To keep the property that secures the debt, you cannot get rid of the debt. You must keep paying for your property in order to keep it.
Exempt and Non-Exempt Assets
Under Chapter 7, you can take exemptions on certain assets. For example, you may be able to exempt $5,000 on an automobile. However, other assets are non-exempt, including stocks, bonds and other assets. It is important to consult with a qualified lawyer.
Free Consultations
I offer free consultations to discuss your complicated bankruptcy or criminal law matter. My Glendale office hours are 9 a.m. to 5 p.m. Monday through Friday; however, I also offer evening and weekend hours by appointment only. Please call 623-748-6994 to schedule an appointment, or you may send me an e-mail.
My office is located near Highway 101 and offers free and easy parking.
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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
