A Chapter 7 discharges your debts, so it works well with wage garnishments on debts such as credit cards and medical bills. A Chapter 13 spreads your past-due home and vehicle payments out over 3-5 years, giving you more time to catch up while also freezing your assets from repossession.
Bankruptcy doesn’t just discharge debts associated with assets that are about to be seized. Almost all of your unsecured debts will be discharged. A Chapter 7 bankruptcy also provides the option of surrendering assets that you can’t afford the payments on anymore.
What is Zero Down Bankruptcy?
Zero Down Bankruptcy allows you to pay for your bankruptcy filing fee and your attorney’s fees in an affordable payment plan after your case is filed. While many firms advertise bankruptcies with no money down, we finance your $335 court filing fee as well.
You will get to schedule your post-filing payment plan. The first payment must be scheduled within 30 days of your filing date. The plan can last up to 12 months. You can choose weekly, bi-weekly, or monthly payments. You won’t be charged interest for your payment plan.
How does this Zero Down Process Work?
To be able to allow you to pay for your bankruptcy after filing, we must use a process called bifurcation. Bifurcation essentially means splitting your case into two parts. We will first file a skeleton petition for your case, which only includes basic contact and income information. Filing the skeleton petition enacts the Automatic Stay, and the court has a 2 week deadline for submitting the rest of your petition. All the work done up to this point will technically be done pro bono in a Zero Down Bankruptcy.
After your skeleton petition is filed, you will need to submit your documents in advance of the 2 week deadline so the attorney has time to draft your petition. You will review and sign the petition with your attorney, who will then file it with the court. The attorney will attend your hearing with you and guide you through the rest of the process. Since your debts are discharged from the date of your skeleton filing, you can be charged for services performed after that date.
How do I know if $0 Down Bankruptcy is Right for Me?
It is important to keep in mind that we offer discounts for paying in full, so filing your bankruptcy zero down will cost slightly more in the long run. However, if your wages are being garnished, or you are struggling with payments you can’t afford that will be discharged in the bankruptcy, it will be worth it.
Another tremendous benefit of using $0 Down Bankruptcy is that your payments will be credit reported. There are limited ways to rebuild your credit after bankruptcy, especially if you don’t want to finance a new vehicle or open new credit cards after your case is discharged.
What Debt Collection Actions will Zero Down Bankruptcy Stop?
Zero Down Bankruptcy is the fastest way to stop a wage garnishment, vehicle repossession, home foreclosure, and utility shutoff. Your debts will be discharged so your creditors can no longer sell your debts to collection agencies, damaging your credit score.
Mesa, Arizona Zero Down Bankruptcy Attorney
If you are struggling with debt and unsure of how to come up with the money for a bankruptcy attorney, you don’t have to file on your own. Filing bankruptcy with an attorney has a higher success rate, and you can be penalized if your petition is filed incorrectly. Our office not only offers Zero Down Bankruptcy, but free Bankruptcy Consultations. We offer them over the phone so you can discuss your options with one of our knowledgeable bankruptcy professionals. Get the ball rolling towards a financial clean slate- call today!