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 […]
What Happens to Your Car in Chapter 13 Bankruptcy? Whether you own a car, a truck or a motorcycle, you will obviously want to know how they will be impacted in Chapter 13 bankruptcy proceedings. The differences between Chapter 7 (liquidation) and Chapter 13 bankruptcies are significant. These differences extend to the fate of vehicles. […]
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, […]
Can a Creditor Object to a Bankruptcy Discharge? Chapter 7 bankruptcies provide many individuals in Arizona with a chance to overcome debt and stabilize their financial situation. This bankruptcy chapter allows for the discharge of the debt but can a creditor object to a bankruptcy discharge, and under what circumstances? What is a Bankruptcy Discharge […]
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 […]
The Difference Between Bankruptcy and Debt Settlement Accumulating a lot of debt is never a good thing and you’ll have to face the consequences of being financially-challenged. There are a few ways to deal with the situation with bankruptcy and debt settlement being the two most popular ones. Declaring bankruptcy and debt settlement are not […]
Fair Debt Collection Practices Act and Bankruptcy Proceedings Creditors in Arizona can rely on various approaches when it comes to ensuring debt collection. A certain line cannot be crossed, however, and this line was established through the Fair Debt Collection Practices Act. The aim of the act is to protect consumers from either unfair or […]
Your Ability to Rent a Property Following Bankruptcy Renting an apartment after bankruptcy can be difficult but it’s certainly possible. Your bankruptcy adds stumbling blocks because some landlords will be concerned about the negative impact on your credit score. Going through a major change after bankruptcy isn’t ideal but sometimes, you can’t overcome such circumstances. If […]