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Latest revision as of 17:40, 2 December 2024

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While bankruptcy might not be the way for each and every and all Arizona homeowners to manage and release their debt, personal bankruptcy definitely is a device that has assisted our clients release most, otherwise all, of their existing financial debt with the goal of living debt-free in the future.

You can erase most unprotected debts with Phase 7 if you pass the Arizona implies examination (which you can approximate listed below). Unsafe debts discharged in Phase 7 include medical costs, personal finances, some old income tax debt, old utility expenses, bank card debts, and most personal judgments.

However filing a proof of case is not required if the financial institution's insurance claim is arranged (however is not provided as contested, section, or unliquidated by the debtor) since the debtor's schedules are considered to constitute evidence of the validity and amount of those insurance claims.

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