5 Benefits of Filing Bankruptcy Chapter 7 in Arizona You’ve worked hard to keep finances under control. Paychecks are good, bills are respectable, and life couldn’t be better. One day, you’re injured while off work, rendering you unable to return for several months. Credit card bills pile up, mortgage goes into arrears, personal loans are […]
Find Out What Happens to Your Bank Account After Bankruptcy What will happen to your bank account in the event of a bankruptcy? This is one of the most common questions Arizona residents ask before moving forward with the filing. In Arizona, certain assets are protected in the event of bankruptcy filing. The chapter under […]
Chapter 7 Debt Limits and Chapter 13 Debt Limits in Arizona Going through a financially-challenging situation will have you thinking about many aspects of the future. A bankruptcy filing can relieve you from some of the debt burden but do you qualify for it? Both Chapter 7 and Chapter 13 bankruptcy filings come with a […]
The Cost of Cancer Treatment and Bankruptcy Medical expenses can pile up quickly, especially if you have to lead a lengthy battle against a disease. A cancer diagnosis will turn your life around. It will change your future plans and it will unfortunately have a profound financial effect. 2018 statistics suggest that cancer patients are […]
Bankruptcy and Self-Employment in Arizona Whether you’re working for somebody or you’re self-employed, you will have to meet certain bankruptcy filing requirements. Self-employed professionals and small business owners tend to have various questions about their eligibility and whether meeting the conditions for debt discharge is going to be easy. Income Verification for Self-Employed Individuals in […]
Chapter 13 Debt Limits in Arizona The terms and conditions for each bankruptcy filing are outlined in the Bankruptcy Code. In the case of a Chapter 13 filing, the Code specifies the amount of a debt that a person can potentially reorganize through the payment plan. The 2018 Chapter 13 Debt Limits The current Chapter […]
2018 Bankruptcy Filing Fees in Arizona Bankruptcy filing fees and attorney fees will vary depending on the type of bankruptcy you intend to file, whether you’re filing as a business or as an individual and the amount of debt you have accumulated (having multiple creditors could potentially increase the cost). Arizona periodically changes the filing […]
Exempt Assets in Arizona Bankruptcy If you are facing financial challenges that send you into bankruptcy, you have the right to claim some exemptions. When it comes to filing bankruptcy, exemptions are important. You will claim any exemptions of Schedule C – Property Claimed as Exempt. If specific property is exempt and claimed on that […]
What are the Challenges to Arizona Bankruptcy Filings? Filing bankruptcy can be challenging. While a bankruptcy filing can help you when you are facing extreme financial difficulty by avoiding repossessions and foreclosure, it is not free from its own pitfalls. When you file bankruptcy protection, you can put an end to the harassing phone calls, […]
What Are the Most Common Causes of Bankruptcy in Arizona? Bankruptcy may seem like a last resort solution for financial troubles but it occurs much more frequently than you would think. United States Bankruptcy Court District of Arizona data for 2017 suggests that there have been 15,296 bankruptcy filings in Arizona – an increase of […]