What Debts are Not Discharged in Bankruptcy in Arizona? If you believe what you read online, then filing a chapter 7 bankruptcy is easy. Just fill out a few forms and send them to the court. Once you pay your filing fee, your bankruptcy will take care of itself. In the real world, it’s not […]
Can a Creditor Refuse to Let You File Chapter 7 Bankruptcy in Arizona? Some people think that, if they declare bankruptcy, all their debts will be forgiven. To a certain extent, that is true. Most if not all your unsecured debts will be erased in a Chapter 7 bankruptcy. This includes things like credit card […]
What is a Bankruptcy Insider in Arizona? Bankruptcy Court can shed light on a variety of different creditor tactics. Notably, Arizona frequently has to face the issue of insider creditors and friendly creditors. Many people, especially when facing hard financial times, would rather borrow money from a family member or friend than take another cash […]
What is the Homestead Exemption in Arizona? Typically people filing for bankruptcy know that they will have to liquidate all of their valuable assets. This situation leads many homeowners to struggle and not declare bankruptcy when they should because they don’t want to lose their homes. The question is, can homeowners protect their homes during […]
Common Pitfalls of Bankruptcy in Arizona For many people filing for bankruptcy is a one-time shot, and occasionally someone who filed in the past might have to file again years or decades later. Bankruptcy is by no means a daily occurrence or something that the general public is too familiar with. The trouble is that […]
What is a Bankruptcy Trustee in Arizona? When you file for bankruptcy, you will be assigned a court-appointed trustee. The trustee is not your representative, but a representative of the government whose job is to make sure that there is no fraud being committed. They are also in charge of reviewing your debt and the […]
ARIZONA BANKRUPTCY EXEMPT PROPERTY PART THREE Part three of the Arizona exemptions take us to property that is used mainly in businesses. These are exemptions to help protect places like schools, fire stations, public offices (courts, jails, etc.), and places that use heavier equipment to protect some of their assets. This also includes the wages […]
The Chapter 7 Means Test in Arizona When filing Chapter 7 bankruptcy in the state of Arizona, the court requires individuals to complete a means test. The means test was brought in as a part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. The means test is a way of ensuring that […]
Medical Debt Bankruptcy in Arizona Most people in the United States turn to bankruptcy as a way to climb out of a hole of debt that amassed over many years. One of the biggest reasons that bankruptcy is filed is because of medical debts. When illness comes upon someone, they may not have sufficient enough […]
What Assets Can I Keep in an Arizona Bankruptcy? Part of the bankruptcy procedures include exemptions that the courts allow bankruptcy filers to claim when they file their bankruptcy. Unfortunately, there is still a chance that some of your household items will end up sold, depending on the type of bankruptcy you file. To understand […]