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 […]
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. […]
The Personal and External Reasons People File Bankruptcy Life can throw us curveballs that change our financial circumstances and sometimes we make decisions that are not always the best. There may come a time when those circumstances and decisions put us into a financial situation that we have a hard time getting out of. When […]
Sole Proprietorship and Small Business Bankruptcy Starting a business endeavor doesn’t always progress according to plan. Even if you have the best idea, the risk of failure will be present. Sooner or later, you will have to decide about the future of the business. Occasionally, such decisions involve cutting the losses. Bankruptcy is a viable […]
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 […]
What Is Predatory Lending and How to Address It When you’re desperate for money, you may become more willing to suspend disbelief and caution. Loans are not created equal and on occasions, lenders may even attempt taking advantage of those in need. In such instances, we’re talking about predatory lending. What Is Predatory Lending? Predatory […]
Suspended License Reinstatement with Bankruptcy Getting your driving license suspended in Arizona isn’t just inconvenient, it could keep you from leading a normal life and going to work. You will have to follow the procedure and adhere to the terms mandated by law for license reinstatement. Depending on the reasons why your license was suspended, […]
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 […]
An Introduction to Arizona Bankruptcy Court Whenever you find yourself in front of the judicial system, it often times is never a happy experience. This is no more true than in bankruptcy court. This blog post will offer a brief overview of the Arizona bankruptcy court system. For the federal bankruptcy system in Arizona, there […]
How Many Times Can You File Bankruptcy? Is there a limit to the number of times you could do a bankruptcy filing in Arizona? Economic and financial difficulties could arise multiple times, necessitating adequate measures. Often, bankruptcy will be the only way to deal with unsurmountable debt. So, how many times can you file bankruptcy? […]