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Bankruptcy FAQs

Arizona Bankruptcy Law Attorney

The bankruptcy process can provide much-needed debt relief for those who qualify and for those who are ready to take control of their future. At the Glendale The Law Offices of Anca Iacob, we understand that many people may have bankruptcy questions related to not only the filing process, but also their property, credit and future.

We provide comprehensive Chapter 7 and Chapter 13 representation and offer the following information to help you learn more about common concerns.

Bankruptcy FAQs

Will I lose my home? It depends. If you are current on your mortgage, you should be able to keep it. Chapter 13 enables you to place your mortgage arrears into your repayment plan so you can catch up on your payments and keep the home even if you are behind in payments.

Will I have to sell my car? Usually not. Chapter 7 and Chapter 13 allow you to exempt $5,000 of equity from automobiles. Under Chapter 13, you may place your payments into your reorganization plan to catch up on car payments.

Do I have to sell off my belongings? Not necessarily. You will not have to sell items that are exempt, however you may need to sell or surrender items that are not exempt.

I will not be able to get credit again, right? Wrong. A bankruptcy remains on your credit report for up to 10 years, however your credit score may improve shortly after filing.

Do I have to be unemployed to file for Chapter 7? No. Your income simply must fall within the parameters of the means test.

Can I file for bankruptcy on my own? Yes, however, we strongly recommend that you consult a qualified lawyer. As a volunteer with the self-help center of the bankruptcy court, founding lawyer Anca Iacob understands the serious mistakes and penalties associated with incomplete or inaccurate petitions.

Initial Consultations

We offer initial consultations to discuss further questions you may have about filing for bankruptcy. Our Glendale office hours are 9 a.m. to 5 p.m. Monday through Friday; however, we also offer evening and weekend hours by appointment only. Please call 623-266-0060 to schedule an appointment, or you may send us an e-mail.

Our 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.

Office Location

Law Offices of Anca D. Iacob
P.O. Box 11531, Glendale, AZ 85318-1531
Tel: 623-266-0060 | Fax: 623-334-6869

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