Articles from Tucson Bankruptcy Attorneys Trezza & Associates

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What Happens After You File a Chapter 13 Bankruptcy?

Submitted by Anonymous (not verified) on Fri, 04/19/2013 - 09:30

As soon as you file, your chapter 13 bankruptcy case has officially started. Your case will be assigned to the trustee who serves your county in Arizona. If you filed paperwork to pay your filing fee in installments the court will “enter” the order, meaning the order is signed and filed with the clerk of [...]

Understanding the Basics of Chapter 13 Bankruptcy

Submitted by Anonymous (not verified) on Sat, 04/13/2013 - 05:45

What is Chapter 13 Bankruptcy? Unlike a chapter 7 bankruptcy, where you must sell your assets to pay off creditors, chapter 13 allows you to reorganize your financial life so that you can keep your property. In chapter 13, you create a payment plan to pay off your debts. You submit the plan to the [...]

Handling Creditor Claims, Distributing Property and the Discharge

Submitted by Anonymous (not verified) on Sat, 04/06/2013 - 00:30

Handling Creditor Claims, Distributing Property and the Discharge   After the meeting of creditors, the trustee will begin to sell or convert to cash any of your property available in a Chapter 7 bankruptcy. While this is happening, the trustee handling your bankruptcy case will evaluate the claims made by your creditors. A claim is [...]

Understanding Phoenix & Tucson Bankrtupcy

Submitted by Anonymous (not verified) on Fri, 03/29/2013 - 17:45

Understanding the Basics of Chapter 7 Bankruptcy   General Overview   Chapter 7 bankruptcy is often referred to as a straight or liquidation bankruptcy. In a Chapter 7 case all property of any significant value that is included in your bankruptcy is sold. Money from the sale of property is then distributed to whomever you [...]

Arizona Bankruptcy-What is a Bankruptcy Trustee?

Submitted by Anonymous (not verified) on Fri, 03/29/2013 - 17:45

What is a “Bankruptcy Trustee”?   It is common for clients considering bankruptcy or who have already filed, to ask what a “bankruptcy trustee” is. This question is usually followed quickly by, “What does the bankruptcy trustee do?” The trustee is a person assigned to your bankruptcy case to represent the interests of the people [...]

Introduction to Arizona Bankruptcy

Submitted by Anonymous (not verified) on Fri, 03/29/2013 - 17:45

Introduction to Bankruptcy for Individuals in Phoenix and Tucson Bankruptcy is often a confusing subject. As with most issues involving the law, it can be hard to dig through all the legal jargon used. Especially when you’re feeling stressed about your finances, it can be even harder to understand the process. We’re here to walk [...]

Chapter 7 Bankruptcy: After the Meeting of Creditors

Submitted by Anonymous (not verified) on Fri, 03/29/2013 - 17:45

Many people filing Chapter 7 bankruptcy wonder what happens after they have completed the meeting of creditors. What are the timelines for wrapping up the bankruptcy process and what else do you have to do?   What happens to my property after the meeting of creditors? As part of your filing, you were required to [...]

Basic Steps in Your Phoenix and Tucson Bankruptcy

Submitted by Anonymous (not verified) on Fri, 03/29/2013 - 17:45

Chapter 7 Bankruptcy – More of the Basic Steps in Your Bankruptcy   Where to File – Residency Requirements   Under U.S. bankruptcy laws you can file in any federal court district where you have had a “domicile, residence, principal place of business or principal assets for the last 180 days.”   For long-time Arizona [...]

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