Lawrence Hirsch
Parker Schwartz PLLC
Board-Certified Specialist: Bankruptcy Law
Phoenix, Arizona • Serving Maricopa County
About Lawrence Hirsch
Lawrence Hirsch is a bankruptcy attorney at Parker Schwartz PLLC based in Phoenix, Arizona. Bankruptcy practice in Arizona involves federal law (Title 11 of the U.S. Code) administered by the U.S. Bankruptcy Court for the District of Arizona, with state-law overlays including Arizona's homestead exemption under ARS § 33-1101 and the various property exemptions in ARS Title 33, Chapter 8. See contact details below.
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Education
- Law School: Gonzaga
Common questions about Bankruptcy in Arizona
Answered by Arizona Attorney Search Network
What is the means test for Chapter 7?
The means test under 11 USC § 707(b)(2) determines Chapter 7 eligibility. If the debtor's household income is at or below the Arizona median for their family size, they automatically qualify. If above the median, the means test calculates 'disposable income' by deducting allowed expenses; debtors with significant disposable income are presumed abusive and either denied Chapter 7 or pushed to Chapter 13.
Will bankruptcy affect my credit forever?
No. A Chapter 7 bankruptcy generally appears on credit reports for 10 years from filing; Chapter 13 for 7 years from filing. However, the impact diminishes over time. Many filers begin rebuilding credit within 12-24 months through secured credit cards and on-time payment history. Credit scores often recover faster than the 7- or 10-year reporting period suggests.
Will I lose my house if I file for bankruptcy in Arizona?
Probably not. Arizona's homestead exemption under ARS § 33-1101 protects up to $400,000 of equity in a primary residence (increased from $250,000 in 2022 by Proposition 209). If your equity is below the cap and you stay current on the mortgage, you generally keep the home in Chapter 7. Chapter 13 can also be used to cure mortgage arrears over the plan period.
Q&As answered by Lawrence Hirsch
Practice Areas
Notable Case Results
Office Location
Parker Schwartz PLLC
7310 N 16th St Ste 330
Phoenix, AZ 85020
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