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what is chapter 11 bankruptcy

What is Chapter 11 Bankruptcy in Arizona?

What is Chapter 11 Bankruptcy in Arizona? Chapter 11 bankruptcy is typically called reorganization bankruptcy. This blogpost will describe the basics of Chapter 11 bankruptcy. Chapter 11 is typically used by corporations or businesses.  Individuals may also file a Chapter 11 bankruptcy, but it is less common.  Filing Chapter 11 tends to be more expensive […]
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what's bankruptcy

What’s Bankruptcy?

What’s Bankruptcy? Bankruptcy is a term that is used quite often but many use it incorrectly.  Bankruptcy is an extremely large part of the American legal system and is important for both individuals and business owners to understand the legal understandings of it. If you as an individual personally go bankrupt, multiple things are implicated. […]
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bankruptcy stay

What Happens After an Automatic Bankruptcy Stay Is Ordered?

What Happens After an Automatic Bankruptcy Stay Is Ordered? Creditor harassment isn’t necessarily unlawful unless you’ve requested, in writing, that each creditor cease and desist telephonic communication, or they’re breaking other FDCPA (Fair Debt Collection Practices Act) rules. It’s bothersome, indeed. But not illegal. Once you’ve made the decision to file for bankruptcy protection under […]
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bankruptcy stay

Arizona Bankruptcy Laws and Procedure     

Arizona Bankruptcy Laws and Procedure      While bankruptcy law is a federal mechanism, each state provides certain specifics when it comes to average income tests and dischargeable debts.  Here is a brief explanation of the Arizona specifics. Arizona Non-Dischargeable Debts Before filing for bankruptcy, it is important to understand the potential debts that are non-dischargeable.  This […]
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