Bankruptcy Schedule

By Author: Cyontz
Total Articles: 4
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The timelines and processes related to bankruptcies case in Arizona, vary based upon which chapter of bankruptcy you file (Chapter 7, Chapter 13 or chapter 11). Our law firm offers a free initial consultation to discuss your needs. Listed here are the normal timelines for bankruptcy cases in Arizona.

8 Years Before Filing - In Arizona, and every jurisdiction, you must wait 8 years to file a Chapter 7 bankruptcy case should you have already received a discharge from a prior Chapter 7.

4 Years Before Bankruptcy - You must wait a minimum of 4 years to file for a Chapter 13 bankruptcy for those who have already filed for Chapter 7, 11 or 12 previously. For a prior Chapter 13 case, you need only wait two years following the bankruptcy discharge.

180 Days Before Filing - You must take a credit counseling training course from a certified credit counseling agency to be considered eligible to file for bankruptcy. These classes are convenient since you can easily do them on-line, and take up about an hour of your time.

90 Days Before Filing - You will need to be a resident of the state in which you are filing ...
... for a minimum of 90 days or you must have been a resident of Arizona for at least 90 days.

Filing - Your bankruptcy case legally begins once you file your request with the bankruptcy court. At that point, loan creditors cannot act against you, and you will be officially protected.

After Filing and Before Discharge - In Chapter 7 and Chapter 13 bankruptcy cases in Arizona, a person is obligated by the Arizona Federal District Court to complete a debtor education program given by an authorized agency. Some of these courses are often very informative and beneficial. These training courses are convenient because like the initial credit counseling, can be completed online. Our law firm recommends Dave Ramsey's Debtor Education Course (www.daveramsey.com/bankruptcy).

15 Days After Filing - At this point, you will have gotten a letter from the trustee. You will have 15 days after your bankruptcy filing to produce the bankruptcy trustee with specific information about assets, expenses, liabilities, income and more.

45 Days After Filing 341 Meeting of Creditors - In Arizona, you will be in a meeting with the bankruptcy trustee about 45 days after your bankruptcy filing. If you reside in Maricopa County your appointment will be in downtown Phoenix, if you reside in Pinal County, your appointment will be in Casa Grande. These meetings are held on the record and under oath. They are generally simple with some common questions, and last about 5 to 10 minutes. Our office will get you prepared for your meeting and there will not be any surprises.

180 Days After Filing - Government agencies that have claims against you, like taxes owed to the IRS, are going to have 180 days following the date of the petition to submit evidence of their claim against you.

6 to 9 Weeks after the 341 meeting of creditors - In Chapter 7 bankruptcy case, you will receive a letter from the court, letting you know that the case has been discharged.

3 to 5 Years After Filing (Chapter 13 only) -Approximately 3 to 5 years following the date of the first payment established in your Chapter 13 repayment plan, you can receive a official discharge from the court. All qualified debts will be wiped away.