What are the chances that my Arizona bankruptcy will be denied?

I get this question often. Remember your motivation for filing bankruptcy in Arizona includes your desire for a fresh start. The mechanism by which you are granted a fresh start is called a “discharge order”. So the question really is what are the chances that I will not receive a discharge? The answer is that your chances are very slim so long as you are completely honest with your attorney and the trustee.

Here are some typical reasons that a discharge is denied:

• You transfer or conceal property with an intent to hinder, delay or defraud a creditor or the trustee
• You destroy or conceal financial records
• You make a false statement
• You fail to explain the loss of deficiency of your assets
• You refuse to obey an order of the court
• You fail to complete an approved financial education course
• You receive a discharge for another  chapter 7 case filed within eight years of the current chapter 7 case

Remember, you have a constitutionally guaranteed right to file bankruptcy. So long as you completely disclose all required information than you almost certainly receive a fresh start.