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 […]
The Homestead Exemption in an Arizona Bankruptcy Explained Chapter 7 bankruptcies are often misunderstood and they become the cause of unnecessary fear. So many people experiencing debt issues refrain from bankruptcy filing because of the liquidation aspect. They worry about losing their home, their car and other valuables. In Arizona, just like in all other states, […]
Arizona Bankruptcy and Alimony Payments How are alimony payments affected by bankruptcy? This is an important question that many people who have gone through a divorce and are currently facing debt issues ask. What are the rules governing Arizona bankruptcy and alimony matters? What is Alimony and Does the Automatic Bankruptcy Stay Affect it? Alimony […]
Small Business Bankruptcy in Arizona Many small businesses struggle financially. This is a risky venture and the vast majority would not make it past the first year of existence. Has your Arizona small business gone under financially? Are you thinking of ways to rescue it? If so, declaring bankruptcy is probably one of the options that […]
How Long does Your Arizona Bankruptcy Stay on Your Record? Planning your financial future is all about knowing the long-term implications of the decisions you make right now. If you’re struggling under the weight of multiple loans and late payments, you could be considering a bankruptcy filing. It will help you discharge some of the debt […]
Disability and Its Effect on an Arizona Bankruptcy Filing The total number of disability benefits recipients in Arizona is 119,079 people, 2016 statistics by the Social Security Office of Retirement and Disability Policy show. The average monthly payment that such people receive is 1,200 dollars. If you are a person dealing with a disability and you’ve […]
Death during Bankruptcy Proceedings: Main Considerations Sometimes, life puts us in unpredictable situations. Struggling with financial difficulties is obviously overwhelming. Many people will opt for bankruptcy discharge in such situations. What happens, however, on a debtor’s death during bankruptcy? Not only is this situation emotionally stressful, it will also lead to serious confusion. If you […]
Tax Refunds and Garnishment during Bankruptcy Proceedings in Arizona Anticipating the reception of your tax refunds is a glorious moment. When you have debt or you’re in the middle of bankruptcy proceedings, however, this moment could be linked to some anxiety. Will you be entitled to the refund or will it be garnished? What types of […]
Household Expense Considerations in an Arizona Bankruptcy How will you take care of your family if you opt for an Arizona bankruptcy? Will you have enough to cover basic needs and ensure a good quality of life? These are common questions that trouble many people who are exploring bankruptcy as a way to get out […]