What Happens to a Creditor Not Listed in Bankruptcy in AZ? One of the biggest mistakes you can make with your bankruptcy is forgetting to list a creditor. If you forget to include them, they can come after you for the money down the road. Rather than risk this happening, have an experienced Arizona bankruptcy […]
How Much Debt is Needed to File Bankruptcy in Arizona? A lot of people aren’t sure when enough is enough. When it comes to bankruptcy, how bad does the situation have to get before you decide to file a Chapter 7? The answer to that question is different for everyone. Some people have been struggling […]
What is the Difference Between a Debt and Bill? Most of us talk about our bills and debts as if they’re the same thing. The truth is that there’s a big difference between the two. Yes, when it comes to both debts and bills, it’s about you owing people money. However, for bankruptcy purposes, they […]
Can You Choose What Debts are Included in Bankruptcy? Filing for bankruptcy isn’t like going shopping. You can’t choose which debts you want to keep and which ones you want to get rid of. For the most part, it’s an all or nothing scenario. With a few exceptions, if you’re filing bankruptcy, you must include […]
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 […]