Bankruptcy and Losing Your Home in Arizona We know that debt can be overwhelming and consume all aspects of your life. However, bankruptcy protections are in place to help people get out of debt and get their life back on track. We know that there are many reasons that people are hesitant to discuss or […]
What Happens If Your Bankruptcy Case Gets Dismissed? You compile the needed documents, you team up with an Arizona bankruptcy attorney and you do your filing. The fact that you’ve filed bankruptcy, however, does not mean a discharge is going to be granted. In some instances, bankruptcy requests get dismissed. Lacking all of the required […]
What Is the Difference between Insolvency vs Bankruptcy? If you’re experiencing financial problems and you have a long line of Arizona creditors queuing up to collect money, you may be wondering about the ways to get out of debt. Bankruptcy and insolvency are two of the common scenarios. The words are often used interchangeably but […]
What’s Bankruptcy? Bankruptcy is a term that is used quite often but many use it incorrectly. Bankruptcy is an extremely large part of the American legal system and is important for both individuals and business owners to understand the legal understandings of it. If you as an individual personally go bankrupt, multiple things are implicated. […]
The Personal and External Reasons People File Bankruptcy Life can throw us curveballs that change our financial circumstances and sometimes we make decisions that are not always the best. There may come a time when those circumstances and decisions put us into a financial situation that we have a hard time getting out of. When […]
Arizona Bankruptcy Laws and Procedure While bankruptcy law is a federal mechanism, each state provides certain specifics when it comes to average income tests and dischargeable debts. Here is a brief explanation of the Arizona specifics. Arizona Non-Dischargeable Debts Before filing for bankruptcy, it is important to understand the potential debts that are non-dischargeable. This […]
How Many Times Can You File Bankruptcy? Is there a limit to the number of times you could do a bankruptcy filing in Arizona? Economic and financial difficulties could arise multiple times, necessitating adequate measures. Often, bankruptcy will be the only way to deal with unsurmountable debt. So, how many times can you file bankruptcy? […]
Inheritance and Chapter 13 Bankruptcy Bankruptcy proceedings aren’t always easy and straightforward. There are situations that can lead to complications, situations that make it difficult to determine whether the bankruptcy is still possible and if it will have a pronounced impact on one’s life. Imagine the following scenario – you’re crumbling under the burden of debt […]
What Happens if You Get Behind on Your Chapter 13 Plan? Chapter 13 bankruptcies are characterized by debt repayment that lasts for a certain period of time. The debtor is acquainted with the terms and conditions and the payments are based on their disposable income. What happens, however, if a financial change occurs through the […]
Can Non-US Citizens File Bankruptcy in Arizona? Legal residents of the US who are not citizens yet have many questions about the laws that apply to them, their rights and obligations. Dealing with financial problems when you’re not a citizen yet will be both confusing and nerve-racking. You will be considering the possible solutions and […]