Chapter 20 Bankruptcy in Arizona Introduction to Chapter 20 Bankruptcy For many individuals and businesses who file for bankruptcy, Chapter 7 bankruptcy will provide all the relief the individual needs to start fresh financially. In some instances, Chapter 7 bankruptcy is not enough to help the individual or business climb out of debt a�� so […]
The Future of Student LoansA�andA�Bankruptcy Introduction to The Future of Student LoansA�andA�Bankruptcy Student loans continue to be an ongoing financial strain for millions of individuals in the United States. TheA�future of student loans and bankruptcy laws need to converge.A�The amount of student loan debt continues to rise every year and many individuals will never be […]
Bankruptcy Fraud in Arizona Filing for bankruptcy is an invasive process for the debtor. To deter bankruptcy fraud in Arizona, the court examines the debts and assets of the debtor, including assets that have been recently transferred. The court will require a list of all property the debtor owns, which includes real property and tangible […]
What is the Bankruptcy Discharge as Explained by a Tucson Bankruptcy Attorney After an individual goes through either a Chapter 7 bankruptcy or a Chapter 13 bankruptcy and completes the process successfully, that individual will receive a bankruptcy discharge. A bankruptcy discharge relieves a debtor of their personal responsibilities for the specific debt that was […]
Introduction to Bankruptcy for Small Businesses Filing bankruptcy has options for not just individuals, but for businesses as well. In fact, businesses and individuals can file the same Chapters of bankruptcy a�� Chapter 7 and Chapter 13. While individuals can file Chapter 11 bankruptcy, it is usually utilized by small businesses who do not qualify […]
Introduction to Bankruptcy andA�Community Property States When it comes to filing bankruptcy as a married person, you have more options than you may think. Even as a married person you can still file individually a�� there is no requirement that you HAVE to include your spouse in a bankruptcy proceeding. Granted, the non-filing spouse could […]
If you have a large amount of credit card debt, your first move may be to file bankruptcy.A� Bankruptcy is a quick fix; it is meant for people who need the burden of debt lifted from their shoulders immediately, but also comes paired with consequences that may affect your credit score, and thus your purchasing […]
What is bankruptcy: Should you declare bankruptcy? A�Not most legal questions, the answer depends. A�Declaring bankruptcy, at least in the United States, is a legal decision which is usually carried out when one’s debt exceeds the assets which they own.A� To declare bankruptcy, one must voluntarily file for bankruptcy, generally after discussing options with a […]
Filing For Bankruptcy As A Business Owner In Arizona Are you a business owner thinking about filing for bankruptcy? If so, it is important to know what type of bankruptcy will work for you. When looking into filing, a business owner should consider: The type of business you run If debts outweigh the assets The […]
Whether one should liquidate or file for bankruptcy depends on a case by case basis. Each situation is different and may call for a different procedure. There are two main types of bankruptcy filings in Arizona – There is Liquidation Bankruptcy, also known as Chapter 7 bankruptcy and Reorganization Bankruptcy, for which you would file […]