5 Signs of Bankruptcy Being hesitant about a bankruptcy filing is nothing but natural. After all, declaring bankruptcy will have a profound effect on your future. In certain instances, however, bankruptcy is inevitable. Is an Arizona bankruptcy filing your only option for debt relief? The answer is yes if at least one of the following […]
What Is the Arizona Bankruptcy Absolute Priority Rule? Understanding some bankruptcy and debt-related terminology will make it much easier for you to figure out the impact such proceedings are going to have on your life. The absolute priority rule is one such concept you’ll need to familiarize yourself with in the case of relatively complex […]
Arizona Bankruptcy Laws Chapter 7 Chapter 7 bankruptcy is one of the most common types of bankruptcies. This blogpost will explain certain key points that an individual should know before deciding to file in Arizona court. “Fresh Start” or “Do-over” are a couple of terms that generally pop up when the term Chapter 7 arises. […]
Bankruptcy Dismissal vs Discharge Making sense of all the bankruptcy terms can be difficult, especially if you’re going through the process for the first time. Two of the key terms that you need to understand, however, are a discharge and a dismissal. While you’ll be looking for one of those in your Arizona bankruptcy, you […]
Millennials and Debt in the United States “Despite recognizing that debt is dangerous waters, Americans are jumping in with both feet and struggling to stay afloat.” That comes from Emily Holbrook, the director of planning for Northwestern Mutual. She goes on to point out that much of the debt in this country is coming from […]
Common Bankruptcy Myths No consumer enjoys filing bankruptcy at any point. We as humans hate admitting defeat, which bankruptcy essentially does. However, there are times when personal injury, sudden health issues and job loss bring our income below our debts. Perhaps you’ve done research, read stories and became mortified knowing what bankruptcy does. Maybe you’ve […]
Which Bankruptcy Chapter is Best for Me? Each financial situation varies from household to household. If you’ve accumulated more debt than you’re able to pay, and debt consolidation doesn’t fit your budget, Chapter 7 bankruptcy might be right for you. Before filing under this chapter, however, you must take the Means Test. This will determine […]
What is a Subprime Lender and How Do I Avoid Them? Life after bankruptcy will entail some changes. Your credit score will be affected and you may find it difficult to get access to funding for your needs. Qualifying for a loan after the bankruptcy discharge is not impossible but it could be more difficult. […]
Bankruptcy Tips and Tricks for Single Moms in Arizona As a single parent, you carry all of the responsibility for members of the household. A single mom could also be the only person in the family generating some income. Because of these circumstances, it’s not uncommon for single moms in Arizona to consider a divorce […]
Filing Bankruptcy in Arizona Bankruptcy is controlled by Federal law and contains some very complex rules and regulations. Filing correctly in the District of Arizona will ensure that your bankruptcy case has the best chance of going your way. Before Filing The 2005 Bankruptcy Abuse Prevention and Consumer Protection Act requires all consumers to undergo […]