What are Some Misconceptions About Filing Bankruptcy in Arizona? If you are facing financial difficulty, you are probably wondering where to turn. You are considering bankruptcy, but you are afraid you will lose your home and car. Let’s clear some misconceptions about filing bankruptcy in Arizona. When you file bankruptcy, you might be able to […]
Reaffirmation Agreements in Bankruptcy Cases A Chapter 7 bankruptcy features asset liquidation for the purpose of getting debt dismissed. In some situations, however, a debtor may enter a reaffirmation agreement with a creditor. The reaffirmation agreements in bankruptcy cases mean that you as the debtor will have to continue making loan payments as if the […]
Involuntary Bankruptcy in Arizona: What is it? When going through financial hardships, you are given multiple options to choose among in order to address the situation. Bankruptcy is one of these options and you can pick it at your own free will. There are circumstances, however, in which the bankruptcy is not voluntary. Forced or […]
Vehicle Repossession and Arizona Bankruptcy Regulations When debt accumulates, a person faces serious consequences and potentially aggressive efforts on behalf of creditors to collect. These efforts could include the repossession of a vehicle. Can a vehicle repossession occur during bankruptcy proceedings, what rights to debtors have and how can they challenge creditors? The following guide […]
Filing Bankruptcy When Unemployed Financial struggles will make you look for all possible ways out of the situation. Bankruptcy is one of the options that Arizona residents consider when they’re overwhelmed by debt. The bankruptcy terms and conditions are often misunderstood and one common question focuses on whether filing bankruptcy when unemployed is possible. Bankruptcy […]
What is the Best Effort Requirement in Chapter 13 Bankruptcy? Chapter 13 bankruptcy makes a lot of sense for Arizona families that are experiencing debt and financial burden. If you are considering this chapter, you will need to acquaint yourself with the requirements. The best effort requirement in Chapter 13 bankruptcy is one of the […]
Does Bankruptcy Discharge Arizona State Tax Debt? Arizona residents have to deal with an array of state taxes. These include a 37.3 percent property tax, a 12.3 percent income tax, sales and gross receipt taxes, as well as a corporate income tax. When a person finds themselves incapable of paying state taxes, debt will accumulate. If […]
The Difference between Secured and Unsecured Debt When considering a bankruptcy filing, you will have to understand the difference between secured and unsecured loans. Under Arizona debt regulations, these two varieties are treated separately. Debt is not created equal and it will determine whether bankruptcy is the right option for you. Let’s see the difference […]
How Long After Chapter 7 Bankruptcy Can You File Chapter 13? Chapter 7 bankruptcy filing is a tool you can use to discharge some of your debt and experience financial stabilization. What happens, however, if you fail accomplishing your financial goals through it? Can you file bankruptcy again? A person who has received a discharge via […]
Your Arizona Utility Bills and Bankruptcy Proceedings While utility bills are a mundane monthly expenditure, they can add up to a hefty sum. If you’re already struggling financially, chances are that you’re overwhelmed by the utility bills. Filing an Arizona bankruptcy is a good option for debt management but does it have any impact on […]