Bankruptcy proceedings in Arizona affect one person – the debtor that is moving forward with the procedure. In the unlikely event of debtor death, however, a family will be left in the middle of a very challenging situation.
One of […]
Mortgages contribute to a lot of financial strain for many Arizona families. According to December 2017 statistics, Americans owed 139 billion dollars in mortgage debt. In 2018, the total mortgage debt reached 10.3 trillion dollars and the […]
Filing bankruptcy without an attorney is not always recommended, however, it sometimes is the only option for an individual. This blogpost will discuss the resources that Arizona provides for those filing on their own.
The […]
While many lay people know the term “Chapter 7 Bankruptcy”, Chapter 13 bankruptcy is another type of filing that a debtor may pursue. This blogpost will discuss the implications of filing for Chapter 13 bankruptcy.
One of the main differences […]
Part of being American is following the dream of working hard and then being able to comfortably retire. When older Americans reach a certain age, they should be able to relax with their families, perhaps surrounded by their […]
If you are considering bankruptcy and are just starting your research, you may be confused by two terms that are undoubtedly coming up […]
The purpose of bankruptcy is so debtors can sever ties between debt owners and themselves. However, there are situations where some debt is necessary, such as mortgages and car notes. During the bankruptcy petition process, attorneys will instruct debtors to […]
Consumers who’ve responsibly handled their finances, but suddenly find their situation in dire straits due to medical issues or employment loss, may wonder what Chapter 7 bankruptcy can do to aid their financial recovery.
We put together these common […]
According to a recent 2018 report, there has been a steep increase over the past decade in the amount of debt accumulated by individuals aged 75 or older. As the debt grows, so does the incidence of bankruptcy […]
These terms are thrown around frequently in bankruptcy law. These chapters determine how a person or entity is supposed to file and each one provides different avenues for debtors. This post will briefly explain […]
