Declaring bankruptcy involves a series of qualifications and disclosures. You have to qualify for declaring bankruptcy under certain chapters of the bankruptcy code. Once you do qualify, you will have to disclose a lot of information to the bankruptcy court. Your income and assets are critical disclosures. Do I have to report all my cash […]
Find out the difference between Chapter 7 versus Chapter 13 bankruptcy from Phoenix bankruptcy lawyer Chris Ariano.
Yes, bankruptcy can affect all aspects of your life even after your bankruptcy has been discharged or your repayment plan has been finished. If you have declared bankruptcy, you have probably learned that taking risks with money or borrowing too much can lead to difficult times. Starting a new business is definitely a new venture […]
Find out what to do if you have been served with a lawsuit for debt in the state of Arizona from the Phoenix bankruptcy lawyers at Ariano & Reppucci.
Bankruptcy can be a chance to start fresh or reorganize repaying your debts. If you are considering bankruptcy, it is probably because you do not have enough assets to pay off your mounting debt. Disability or illness could be something that hampers your ability to pay. Whether or not your illness or disability affects your […]
Bankruptcy can be a complicated process. Any legal process can become even more convoluted when laws are not uniform or vary from state to state. Luckily most bankruptcy law is uniform and governed by the bankruptcy code. Is my bankruptcy regulated by state or federal laws? Bankruptcy cases are governed by the Federal courts exclusively.1 […]
If your income is far below your debt, you may have decided to submit a Chapter 7 bankruptcy petition. Chapter 7 bankruptcy offers the benefit of discharging your non-exempt debt so you can start fresh. Non-exempt assets are those assets that are a part of the bankruptcy estate. This means that the bankruptcy trustee will […]
Bankruptcy looks like an appealing way to get out of debt because it can offer either a new repayment plan process or it can wipe your qualifying debts clean. However, bankruptcy can be complicated and more expensive than other options. Further, bankruptcy may offer you debt relief, but it comes with long term consequences. For […]
Bankruptcy can be a fresh start for a lot of people. If you have found yourself in a situation where you need to get rid of debt or modify your payments to creditors, then bankruptcy could be a good option. However, even after your debts have been wiped out, you may need to obtain loans […]
If you filed a bankruptcy petition under Chapter 13 you probably are in the process of making a repayment plan or you already had the court approve your repayment plan. A Chapter 13 bankruptcy is different from a Chapter 7 bankruptcy because it lasts longer (three to five years) and it does not involve liquidating […]
